Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Purchases $58,860.00 in Stock

Posted by Bonnie Powley on May 3rd, 2024

Princeton Bancorp, Inc. (NASDAQ:BPRN – Get Free Report) Director Martin Tuchman purchased 2,000 shares of Princeton Bancorp stock in a transaction dated Tuesday, April 30th. The stock was bought at an average cost of $29.43 per share, with a total value of $58,860.00. Following the completion of the transaction, the director now owns 90,819 shares in the company, valued at approximately $2,672,803.17. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

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

On Friday, March 15th, Martin Tuchman purchased 5,000 shares of Princeton Bancorp stock. The stock was bought at an average cost of $29.74 per share, with a total value of $148,700.00.
On Tuesday, March 12th, Martin Tuchman purchased 3,168 shares of Princeton Bancorp stock. The stock was bought at an average cost of $29.99 per share, with a total value of $95,008.32.
On Tuesday, February 20th, Martin Tuchman purchased 172 shares of Princeton Bancorp stock. The stock was bought at an average cost of $32.00 per share, with a total value of $5,504.00.
On Tuesday, February 13th, Martin Tuchman purchased 5,004 shares of Princeton Bancorp stock. The stock was bought at an average cost of $31.52 per share, with a total value of $157,726.08.
On Friday, February 9th, Martin Tuchman purchased 2,000 shares of Princeton Bancorp stock. The stock was bought at an average cost of $31.45 per share, with a total value of $62,900.00.
On Wednesday, February 7th, Martin Tuchman bought 40 shares of Princeton Bancorp stock. The shares were acquired at an average cost of $30.65 per share, for a total transaction of $1,226.00.

Princeton Bancorp Price Performance

Shares of NASDAQ:BPRN opened at $30.25 on Friday. The business’s 50-day moving average is $30.25 and its 200 day moving average is $32.18. Princeton Bancorp, Inc. has a 1 year low of $23.49 and a 1 year high of $38.19. The firm has a market capitalization of $191.79 million, a P/E ratio of 8.05 and a beta of 0.60.

Princeton Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 10th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.97%. The ex-dividend date is Thursday, May 9th. Princeton Bancorp’s dividend payout ratio is currently 31.91%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. LSV Asset Management increased its position in Princeton Bancorp by 17.6% during the 3rd quarter. LSV Asset Management now owns 14,700 shares of the company’s stock valued at $426,000 after buying an additional 2,200 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in Princeton Bancorp by 20.6% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 15,243 shares of the company’s stock valued at $442,000 after buying an additional 2,602 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Princeton Bancorp during the 3rd quarter valued at about $79,000. SG Americas Securities LLC acquired a new position in Princeton Bancorp during the 4th quarter valued at about $101,000. Finally, Ritholtz Wealth Management purchased a new stake in Princeton Bancorp during the 4th quarter valued at about $218,000. 43.36% of the stock is owned by institutional investors and hedge funds.

About Princeton Bancorp

(Get Free Report)

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.