Princeton Bancorp (NASDAQ:BPRN) Stock Price Up 1.3%

Princeton Bancorp, Inc. (NASDAQ:BPRN) shares rose 1.3% during trading on Monday . The company traded as high as $33.25 and last traded at $33.21. Approximately 11,053 shares changed hands during mid-day trading, a decline of 0% from the average daily volume of 11,061 shares. The stock had previously closed at $32.78.

Princeton Bancorp Trading Up 1.5 %

The stock’s 50 day moving average is $30.94 and its two-hundred day moving average is $31.56. The stock has a market capitalization of $215.39 million, a price-to-earnings ratio of 9.06 and a beta of 0.60.

Princeton Bancorp (NASDAQ:BPRN) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.01. The firm had revenue of $17.43 million for the quarter, compared to analyst estimates of $17.29 million. On average, research analysts anticipate that Princeton Bancorp, Inc. will post 2.84 earnings per share for the current year.

Princeton Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 10th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.52%. The ex-dividend date was Thursday, May 9th. Princeton Bancorp’s dividend payout ratio (DPR) is presently 31.91%.

Insider Buying and Selling at Princeton Bancorp

In other Princeton Bancorp news, Director Martin Tuchman acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was bought at an average price of $31.00 per share, with a total value of $31,000.00. Following the purchase, the director now owns 92,924 shares of the company’s stock, valued at $2,880,644. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Martin Tuchman purchased 1,000 shares of the stock in a transaction on Tuesday, May 21st. The shares were acquired at an average price of $31.00 per share, with a total value of $31,000.00. Following the completion of the acquisition, the director now directly owns 92,924 shares of the company’s stock, valued at $2,880,644. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stephanie Adkins sold 947 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $30.25, for a total transaction of $28,646.75. Following the sale, the insider now directly owns 9,737 shares in the company, valued at approximately $294,544.25. The disclosure for this sale can be found here. Insiders have purchased a total of 8,306 shares of company stock worth $250,046 over the last three months. 23.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Princeton Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Princeton Bancorp by 0.6% during the first quarter. Vanguard Group Inc. now owns 301,721 shares of the company’s stock valued at $9,287,000 after acquiring an additional 1,810 shares during the last quarter. Empowered Funds LLC boosted its position in Princeton Bancorp by 8.0% during the 1st quarter. Empowered Funds LLC now owns 28,404 shares of the company’s stock valued at $874,000 after purchasing an additional 2,100 shares during the period. SG Americas Securities LLC acquired a new position in Princeton Bancorp during the 4th quarter valued at approximately $101,000. Ritholtz Wealth Management bought a new stake in Princeton Bancorp during the 4th quarter valued at $218,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Princeton Bancorp in the 1st quarter worth $441,000. 43.36% of the stock is owned by institutional investors and hedge funds.

Princeton Bancorp Company Profile

Princeton Bancorp, Inc operates as the bank holding company for The Bank of Princeton that provides various banking products and services. It accepts various deposit products, including checking, savings, attorney trust, and money market accounts, as well as certificates of deposit. The company also offers traditional retail banking services, one-to-four-family residential mortgage loans, multi-family and commercial mortgage loans, construction loans, and commercial business loans, as well as consumer loans, including home equity loans and lines of credit.