Princeton Bancorp (NASDAQ:BPRN) Insider Sells $56,064.00 in Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) insider Stephanie Adkins sold 1,600 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $35.04, for a total value of $56,064.00. Following the transaction, the insider owned 21,272 shares in the company, valued at $745,370.88. This represents a 7.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Princeton Bancorp Trading Up 1.6%

Shares of BPRN stock opened at $37.52 on Friday. The business’s 50 day moving average is $35.37 and its two-hundred day moving average is $35.12. Princeton Bancorp, Inc. has a twelve month low of $29.21 and a twelve month high of $37.99. The company has a market capitalization of $255.55 million, a P/E ratio of 13.12 and a beta of 0.49.

Princeton Bancorp (NASDAQ:BPRN) last announced its earnings results on Thursday, April 23rd. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.06. Princeton Bancorp had a return on equity of 7.20% and a net margin of 14.20%.The company had revenue of $21.31 million for the quarter, compared to the consensus estimate of $21.06 million. As a group, equities analysts predict that Princeton Bancorp, Inc. will post 3.67 earnings per share for the current fiscal year.

Princeton Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Tuesday, May 5th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, May 5th. Princeton Bancorp’s dividend payout ratio (DPR) is currently 48.95%.

Wall Street Analysts Forecast Growth

BPRN has been the subject of several recent analyst reports. Zacks Research raised Princeton Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings cut Princeton Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.50.

Institutional Trading of Princeton Bancorp

Several hedge funds have recently modified their holdings of BPRN. Alliancebernstein L.P. raised its holdings in Princeton Bancorp by 2.4% during the second quarter. Alliancebernstein L.P. now owns 555,927 shares of the company’s stock worth $16,978,000 after purchasing an additional 13,280 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Princeton Bancorp by 7.5% during the first quarter. Dimensional Fund Advisors LP now owns 160,383 shares of the company’s stock worth $5,416,000 after purchasing an additional 11,235 shares during the last quarter. Fourthstone LLC raised its holdings in Princeton Bancorp by 36.8% during the fourth quarter. Fourthstone LLC now owns 37,789 shares of the company’s stock worth $1,311,000 after purchasing an additional 10,172 shares during the last quarter. Royce & Associates LP raised its holdings in Princeton Bancorp by 14.3% during the third quarter. Royce & Associates LP now owns 80,366 shares of the company’s stock worth $2,559,000 after purchasing an additional 10,032 shares during the last quarter. Finally, Focus Partners Wealth acquired a new position in Princeton Bancorp during the third quarter worth $319,000. 43.36% of the stock is owned by institutional investors and hedge funds.

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.