Insider Selling: Princeton Bancorp (NASDAQ:BPRN) Director Sells 3,000 Shares of Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman sold 3,000 shares of Princeton Bancorp stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $31.72, for a total value of $95,160.00. Following the completion of the sale, the director directly owned 636,141 shares in the company, valued at $20,178,392.52. This represents a 0.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Martin Tuchman also recently made the following trade(s):

• On Wednesday, August 12th, Martin Tuchman bought 10,534 shares of Princeton Bancorp stock. The shares were acquired at an average cost of $42.98 per share, with a total value of $452,751.32.

Princeton Bancorp Stock Up 1.2%

BPRN stock traded up $0.50 on Friday, reaching $43.66. 20,945 shares of the company’s stock were exchanged, compared to its average volume of 17,547. The stock has a fifty day moving average of $42.70 and a 200-day moving average of $38.35. The firm has a market cap of $297.35 million, a PE ratio of 11.49 and a beta of 0.47. Princeton Bancorp, Inc. has a twelve month low of $29.69 and a twelve month high of $44.50.

Princeton Bancorp (NASDAQ:BPRN) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.16. Princeton Bancorp had a net margin of 18.99% and a return on equity of 9.48%. The business had revenue of $22.48 million for the quarter, compared to analysts’ expectations of $21.84 million. On average, equities research analysts predict that Princeton Bancorp, Inc. will post 3.88 EPS for the current fiscal year.

Princeton Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Wednesday, August 5th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Wednesday, August 5th. Princeton Bancorp’s payout ratio is presently 36.84%.

Institutional Trading of Princeton Bancorp

A number of institutional investors have recently added to or reduced their stakes in BPRN. BlackRock Inc. acquired a new position in Princeton Bancorp during the 2nd quarter worth approximately $16,230,000. Empowered Funds LLC acquired a new position in Princeton Bancorp in the 2nd quarter worth $1,276,000. Bank of New York Mellon Corp purchased a new position in Princeton Bancorp in the 2nd quarter valued at about $1,198,000. Basswood Capital Management L.L.C. purchased a new position in Princeton Bancorp in the 2nd quarter valued at about $3,701,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Princeton Bancorp during the second quarter valued at about $521,000. 43.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Princeton Bancorp in a research report on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

Princeton Bancorp Company Profile

Princeton Bancorp, Inc is a bank holding company headquartered in Princeton, New Jersey. Through its principal subsidiary, The Princeton Bank, the company provides banking and financial services to individuals, families, businesses, and nonprofit organizations.

The Princeton Bank offers deposit products, including checking, savings, money market, and certificate of deposit accounts. Its lending activities include residential and commercial real estate loans, commercial and industrial financing, construction loans, home equity products, and consumer loans.