Princeton Bancorp (NASDAQ:BPRN) Insider Stephanie Adkins Sells 1,600 Shares of Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) insider Stephanie Adkins sold 1,600 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $35.04, for a total transaction of $56,064.00. Following the completion of the sale, the insider owned 21,272 shares of the company’s stock, valued at approximately $745,370.88. The trade was a 7.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Princeton Bancorp Stock Performance

Princeton Bancorp stock opened at $36.93 on Friday. The firm has a 50 day moving average price of $35.31 and a 200 day moving average price of $35.10. Princeton Bancorp, Inc. has a 1 year low of $29.21 and a 1 year high of $37.99. The company has a market cap of $251.49 million, a price-to-earnings ratio of 12.91 and a beta of 0.49.

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

Princeton Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Tuesday, May 5th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, May 5th. Princeton Bancorp’s dividend payout ratio (DPR) is presently 48.95%.

Hedge Funds Weigh In On Princeton Bancorp

Several institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. grew its position in shares of Princeton Bancorp by 1.0% during the 3rd quarter. Alliancebernstein L.P. now owns 561,737 shares of the company’s stock worth $17,886,000 after buying an additional 5,810 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Princeton Bancorp by 7.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 160,383 shares of the company’s stock valued at $5,416,000 after purchasing an additional 11,235 shares during the period. Geode Capital Management LLC grew its position in shares of Princeton Bancorp by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 127,621 shares of the company’s stock valued at $4,428,000 after purchasing an additional 659 shares during the period. Royce & Associates LP boosted its position in Princeton Bancorp by 14.3% during the 3rd quarter. Royce & Associates LP now owns 80,366 shares of the company’s stock worth $2,559,000 after acquiring an additional 10,032 shares during the last quarter. Finally, First Manhattan CO. LLC. boosted its position in Princeton Bancorp by 21.1% during the 4th quarter. First Manhattan CO. LLC. now owns 42,990 shares of the company’s stock worth $1,491,000 after acquiring an additional 7,500 shares during the last quarter. 43.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BPRN has been the topic of a number of recent analyst reports. Zacks Research raised shares of Princeton Bancorp from a “strong sell” rating to a “hold” rating in a research 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 investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.50.

About Princeton Bancorp

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.