Banc Funds Co. LLC Has $10.83 Million Stake in Princeton Bancorp, Inc. (NASDAQ:BPRN)

Banc Funds Co. LLC cut its stake in Princeton Bancorp, Inc. (NASDAQ:BPRN) by 7.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 314,428 shares of the company’s stock after selling 26,288 shares during the period. Banc Funds Co. LLC’s holdings in Princeton Bancorp were worth $10,826,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Princeton Bancorp by 2.8% during the third quarter. Geode Capital Management LLC now owns 113,001 shares of the company’s stock worth $4,179,000 after buying an additional 3,078 shares during the period. Barclays PLC boosted its position in Princeton Bancorp by 262.2% during the 3rd quarter. Barclays PLC now owns 6,599 shares of the company’s stock worth $244,000 after acquiring an additional 4,777 shares during the last quarter. State Street Corp grew its stake in shares of Princeton Bancorp by 1.0% during the 3rd quarter. State Street Corp now owns 70,670 shares of the company’s stock worth $2,613,000 after acquiring an additional 733 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Princeton Bancorp by 6.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 14,073 shares of the company’s stock valued at $520,000 after purchasing an additional 860 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Princeton Bancorp by 1.9% in the fourth quarter. Empowered Funds LLC now owns 32,772 shares of the company’s stock worth $1,128,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 43.36% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Princeton Bancorp Stock Down 0.9 %

Shares of Princeton Bancorp stock opened at $28.38 on Thursday. The stock has a market cap of $196.25 million, a P/E ratio of 16.89 and a beta of 0.48. Princeton Bancorp, Inc. has a 12-month low of $27.25 and a 12-month high of $39.35. The business’s 50 day moving average is $30.63 and its 200-day moving average is $33.87.

Princeton Bancorp (NASDAQ:BPRN) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.11). On average, sell-side analysts expect that Princeton Bancorp, Inc. will post 3.35 EPS for the current year.

Princeton Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 5th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date was Wednesday, February 5th. Princeton Bancorp’s dividend payout ratio (DPR) is presently 71.43%.

Insider Activity

In related news, Director Martin Tuchman acquired 22,000 shares of Princeton Bancorp stock in a transaction on Tuesday, February 11th. The stock was purchased at an average cost of $32.71 per share, with a total value of $719,620.00. Following the completion of the transaction, the director now directly owns 629,141 shares in the company, valued at $20,579,202.11. This trade represents a 3.62 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 23.00% of the company’s stock.

Princeton Bancorp 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.