Princeton Bancorp (NASDAQ:BPRN) Shares Down 0.3% – Time to Sell?

Princeton Bancorp, Inc. (NASDAQ:BPRN) traded down 0.3% on Thursday . The stock traded as low as $34.47 and last traded at $34.69. 17,268 shares traded hands during mid-day trading, an increase of 140% from the average session volume of 7,202 shares. The stock had previously closed at $34.78.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Zacks Research raised Princeton Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings raised Princeton Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, April 21st. Finally, Hovde Group raised their price target on Princeton Bancorp from $35.00 to $37.50 and gave the stock a “market perform” rating in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

Princeton Bancorp Stock Down 0.3%

The firm has a market cap of $236.24 million, a price-to-earnings ratio of 12.13 and a beta of 0.49. The firm has a fifty day moving average price of $34.71 and a 200-day moving average price of $34.82.

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

Princeton Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Tuesday, May 5th will be issued a $0.35 dividend. The ex-dividend date is Tuesday, May 5th. This represents a $1.40 dividend on an annualized basis and a yield of 4.0%. Princeton Bancorp’s dividend payout ratio (DPR) is presently 48.95%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new position in Princeton Bancorp in the fourth quarter valued at $211,000. Wells Fargo & Company MN lifted its stake in shares of Princeton Bancorp by 50.1% during the fourth quarter. Wells Fargo & Company MN now owns 5,855 shares of the company’s stock worth $203,000 after purchasing an additional 1,953 shares in the last quarter. Focus Partners Wealth acquired a new position in shares of Princeton Bancorp during the third quarter worth about $319,000. JPMorgan Chase & Co. lifted its stake in shares of Princeton Bancorp by 14.9% during 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 in the last quarter. Finally, Tower Research Capital LLC TRC lifted 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 worth $67,000 after purchasing an additional 1,871 shares in the last quarter. 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.