Stephen Shueh Acquires 3,500 Shares of Princeton Bancorp (NASDAQ:BPRN) Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Stephen Shueh acquired 3,500 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were purchased at an average cost of $24.09 per share, for a total transaction of $84,315.00. Following the completion of the acquisition, the director owned 35,038 shares in the company, valued at $844,065.42. This represents a 11.10% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Princeton Bancorp Stock Performance

BPRN traded down $0.09 during midday trading on Thursday, hitting $34.49. The stock had a trading volume of 1,309 shares, compared to its average volume of 15,441. Princeton Bancorp, Inc. has a 1 year low of $27.25 and a 1 year high of $37.99. The business has a fifty day moving average of $34.91 and a 200 day moving average of $33.84. The company has a market cap of $234.39 million, a P/E ratio of 12.68 and a beta of 0.52.

Princeton Bancorp (NASDAQ:BPRN) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.04). The firm had revenue of $20.75 million for the quarter, compared to analysts’ expectations of $21.03 million. On average, equities research analysts anticipate that Princeton Bancorp, Inc. will post 3.35 earnings per share for the current year.

Princeton Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 4th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Wednesday, February 4th. Princeton Bancorp’s dividend payout ratio (DPR) is currently 51.47%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Princeton Bancorp by 14.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,360 shares of the company’s stock worth $103,000 after acquiring an additional 431 shares in the last quarter. Geode Capital Management LLC boosted its stake in Princeton Bancorp by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 127,621 shares of the company’s stock worth $4,428,000 after acquiring an additional 659 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Princeton Bancorp by 14.9% in the third quarter. JPMorgan Chase & Co. now owns 6,863 shares of the company’s stock worth $219,000 after purchasing an additional 892 shares during the period. Empowered Funds LLC increased its stake in shares of Princeton Bancorp by 3.6% during the first quarter. Empowered Funds LLC now owns 33,941 shares of the company’s stock valued at $1,037,000 after purchasing an additional 1,169 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Princeton Bancorp by 584.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,191 shares of the company’s stock valued at $67,000 after purchasing an additional 1,871 shares in the last quarter. Hedge funds and other institutional investors own 43.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BPRN shares. Weiss Ratings upgraded Princeton Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, January 23rd. Hovde Group lifted their price target on shares of Princeton Bancorp from $35.00 to $37.50 and gave the company a “market perform” rating in a report on Tuesday, February 3rd. Finally, Zacks Research downgraded shares of Princeton Bancorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.50.

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.