Insider Selling: Princeton Bancorp, Inc. (NASDAQ:BPRN) Insider Sells $11,906.44 in Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) insider Stephanie Adkins sold 364 shares of the company’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $32.71, for a total value of $11,906.44. Following the completion of the sale, the insider now directly owns 9,861 shares of the company’s stock, valued at $322,553.31. The trade was a 3.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, May 14th, Stephanie Adkins sold 569 shares of Princeton Bancorp stock. The shares were sold at an average price of $32.10, for a total value of $18,264.90.
• 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 value of $31,370.00.

Princeton Bancorp Price Performance

Shares of BPRN stock opened at $32.10 on Monday. The company’s fifty day moving average price is $30.03 and its two-hundred day moving average price is $32.89. The firm has a market capitalization of $222.42 million, a P/E ratio of 19.11 and a beta of 0.63. Princeton Bancorp, Inc. has a 12 month low of $27.25 and a 12 month 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. The business had revenue of $20.95 million for the quarter, compared to analysts’ expectations of $20.73 million. On average, sell-side analysts anticipate that Princeton Bancorp, Inc. will post 3.35 EPS for the current year.

Princeton Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Tuesday, May 6th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date is Tuesday, May 6th. Princeton Bancorp’s payout ratio is 67.80%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Princeton Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in BPRN. Empowered Funds LLC increased its stake in shares of Princeton Bancorp by 3.6% in the first quarter. Empowered Funds LLC now owns 33,941 shares of the company’s stock worth $1,037,000 after buying an additional 1,169 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Princeton Bancorp by 14.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,360 shares of the company’s stock worth $103,000 after purchasing an additional 431 shares during the last quarter. Systematic Financial Management LP raised its stake in shares of Princeton Bancorp by 0.8% in the 1st quarter. Systematic Financial Management LP now owns 341,978 shares of the company’s stock valued at $10,447,000 after purchasing an additional 2,567 shares in the last quarter. Nuveen LLC bought a new position in shares of Princeton Bancorp during the first quarter worth about $229,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Princeton Bancorp by 15.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,644 shares of the company’s stock worth $386,000 after purchasing an additional 1,694 shares in the last quarter. 43.36% of the stock is currently owned by hedge funds and other institutional investors.

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.