Princeton Bancorp (NASDAQ:BPRN) Insider Matthew Clark Sells 1,428 Shares of Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) insider Matthew Clark sold 1,428 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $41.95, for a total value of $59,904.60. Following the completion of the transaction, the insider owned 1,428 shares of the company’s stock, valued at $59,904.60. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Princeton Bancorp Trading Up 0.2%

Princeton Bancorp stock opened at $42.20 on Tuesday. The stock has a 50-day moving average price of $38.50 and a two-hundred day moving average price of $36.30. Princeton Bancorp, Inc. has a 12 month low of $29.69 and a 12 month high of $43.93. The company has a market capitalization of $287.38 million, a PE ratio of 11.11 and a beta of 0.47.

Princeton Bancorp (NASDAQ:BPRN) last released its quarterly earnings results on Thursday, July 23rd. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.16. Princeton Bancorp had a return on equity of 9.57% and a net margin of 18.99%.The company had revenue of $22.48 million for the quarter, compared to analysts’ expectations of $21.84 million. As a group, analysts predict that Princeton Bancorp, Inc. will post 3.88 earnings per share for the current fiscal year.

Princeton Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Wednesday, August 5th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $1.40 annualized dividend and a dividend yield of 3.3%. Princeton Bancorp’s dividend payout ratio (DPR) is presently 36.84%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Princeton Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has given 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 an average price target of $37.50.

Institutional Investors Weigh In On Princeton Bancorp

Large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC acquired a new position in Princeton Bancorp in the first quarter valued at approximately $30,000. Raymond James Financial Inc. bought a new stake in shares of Princeton Bancorp in the 2nd quarter valued at $61,000. Tower Research Capital LLC TRC increased its stake in shares of Princeton Bancorp by 584.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,191 shares of the company’s stock valued at $67,000 after acquiring an additional 1,871 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Princeton Bancorp by 14.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,360 shares of the company’s stock valued at $103,000 after acquiring an additional 431 shares during the period. Finally, Deutsche Bank AG acquired a new position in shares of Princeton Bancorp during the 2nd quarter valued at $189,000. Institutional investors and hedge funds own 43.36% of the company’s stock.

Princeton Bancorp Company Profile

Princeton Bancorp, Inc is the bank holding company for Princeton Bank, a community-focused financial institution based in Princeton, New Jersey. Through its wholly owned subsidiary, the company offers a full suite of personal and business banking services designed to meet the needs of individuals, families and local enterprises in central and southern New Jersey.

The company’s core offerings include checking and savings accounts, consumer and commercial lending, mortgage origination and refinancing, as well as treasury management solutions for small-to-medium-sized businesses.