Insider Selling: Princeton Bancorp, Inc. (NASDAQ:BPRN) Insider Sells $18,264.90 in Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) insider Stephanie Adkins sold 569 shares of the business’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $32.10, for a total transaction of $18,264.90. Following the completion of the transaction, the insider now owns 10,225 shares of the company’s stock, valued at approximately $328,222.50. The trade was a 5.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Stephanie Adkins also recently made the following trade(s):

• On Friday, May 16th, Stephanie Adkins sold 364 shares of Princeton Bancorp stock. The stock was sold at an average price of $32.71, for a total transaction of $11,906.44.
• On Thursday, May 8th, Stephanie Adkins sold 1,000 shares of Princeton Bancorp stock. The stock was sold at an average price of $31.37, for a total transaction of $31,370.00.

Princeton Bancorp Trading Down 2.6%

Shares of BPRN opened at $32.10 on Monday. The firm has a market cap of $222.42 million, a PE ratio of 19.11 and a beta of 0.63. The firm has a fifty day simple moving average of $30.03 and a two-hundred day simple moving average of $32.89. Princeton Bancorp, Inc. has a 1-year low of $27.25 and a 1-year high of $39.35.

Princeton Bancorp (NASDAQ:BPRN) last announced its earnings results on Thursday, April 24th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. The company had revenue of $20.95 million for the quarter, compared to analysts’ expectations of $20.73 million. As a group, research analysts forecast that Princeton Bancorp, Inc. will post 3.35 EPS for the current fiscal year.

Princeton Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Tuesday, May 6th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, May 6th. This represents a $1.20 annualized dividend and a dividend yield of 3.74%. Princeton Bancorp’s dividend payout ratio (DPR) is 67.80%.

Wall Street Analysts Forecast Growth

Separately, Janney Montgomery Scott upgraded shares of Princeton Bancorp from a “neutral” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Tuesday, February 4th.

Hedge Funds Weigh In On Princeton Bancorp

A number of institutional investors have recently bought and sold shares of BPRN. Tower Research Capital LLC TRC lifted its position in Princeton Bancorp by 565.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,071 shares of the company’s stock valued at $37,000 after purchasing an additional 910 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Princeton Bancorp by 14.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,360 shares of the company’s stock valued at $103,000 after purchasing an additional 431 shares in the last quarter. Wells Fargo & Company MN lifted its position in Princeton Bancorp by 38.6% during the fourth quarter. Wells Fargo & Company MN now owns 3,222 shares of the company’s stock valued at $111,000 after purchasing an additional 898 shares in the last quarter. Bank of America Corp DE lifted its position in Princeton Bancorp by 49.2% during the fourth quarter. Bank of America Corp DE now owns 5,509 shares of the company’s stock valued at $190,000 after purchasing an additional 1,816 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in Princeton Bancorp during the fourth quarter valued at $216,000. 43.36% of the stock is 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.