Princeton Bancorp, Inc. (NASDAQ:BPRN) Short Interest Up 8.8% in September

Princeton Bancorp, Inc. (NASDAQ:BPRN) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 38,200 shares, an increase of 8.8% from the September 15th total of 35,100 shares. Based on an average daily volume of 10,400 shares, the short-interest ratio is presently 3.7 days. Currently, 0.8% of the company’s shares are short sold.

Princeton Bancorp Trading Up 0.9 %

Shares of Princeton Bancorp stock traded up $0.33 on Wednesday, hitting $37.34. 9,700 shares of the company traded hands, compared to its average volume of 10,780. Princeton Bancorp has a 52 week low of $28.44 and a 52 week high of $39.21. The company has a market cap of $235.95 million, a PE ratio of 9.84 and a beta of 0.58. The stock’s 50 day moving average price is $36.54 and its 200-day moving average price is $33.52.

Princeton Bancorp (NASDAQ:BPRN) last issued its earnings results on Thursday, July 25th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.11. The firm had revenue of $31.50 million during the quarter, compared to analysts’ expectations of $17.77 million. As a group, research analysts anticipate that Princeton Bancorp will post 2.94 EPS for the current fiscal year.

Princeton Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 9th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend was Friday, August 9th. Princeton Bancorp’s dividend payout ratio (DPR) is 31.91%.

Insider Buying and Selling

In other Princeton Bancorp news, insider Stephanie Adkins sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $35.10, for a total transaction of $70,200.00. Following the completion of the transaction, the insider now owns 7,377 shares in the company, valued at $258,932.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Stephanie Adkins sold 2,000 shares of Princeton Bancorp stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $35.10, for a total transaction of $70,200.00. Following the completion of the sale, the insider now directly owns 7,377 shares in the company, valued at approximately $258,932.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert N. Ridolfi sold 1,000 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $38.00, for a total transaction of $38,000.00. Following the completion of the transaction, the director now owns 12,500 shares in the company, valued at approximately $475,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.00% of the stock is owned by corporate insiders.

Institutional Trading of Princeton Bancorp

A number of institutional investors have recently modified their holdings of BPRN. Quadrature Capital Ltd purchased a new stake in Princeton Bancorp during the first quarter valued at approximately $441,000. Dimensional Fund Advisors LP boosted its position in shares of Princeton Bancorp by 9.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 113,090 shares of the company’s stock worth $3,742,000 after purchasing an additional 9,990 shares in the last quarter. LSV Asset Management grew its stake in Princeton Bancorp by 66.5% during the 2nd quarter. LSV Asset Management now owns 24,635 shares of the company’s stock worth $815,000 after buying an additional 9,835 shares during the last quarter. Empowered Funds LLC increased 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 buying an additional 2,100 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Princeton Bancorp by 0.6% in the first quarter. Vanguard Group Inc. now owns 301,721 shares of the company’s stock valued at $9,287,000 after buying an additional 1,810 shares during the last quarter. 43.36% of the stock is currently owned by institutional investors.

About Princeton Bancorp

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.