6,347 Shares in Princeton Bancorp, Inc. (NASDAQ:BPRN) Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in shares of Princeton Bancorp, Inc. (NASDAQ:BPRN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,347 shares of the company’s stock, valued at approximately $235,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BPRN. Copeland Capital Management LLC purchased a new position in shares of Princeton Bancorp during the third quarter valued at approximately $47,000. Masso Torrence Wealth Management Inc. purchased a new position in Princeton Bancorp during the third quarter valued at $302,000. Quadrature Capital Ltd bought a new stake in Princeton Bancorp in the first quarter worth $441,000. LSV Asset Management grew its stake in shares of Princeton Bancorp by 66.5% in the second quarter. LSV Asset Management now owns 24,635 shares of the company’s stock worth $815,000 after acquiring an additional 9,835 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Princeton Bancorp by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 24,894 shares of the company’s stock valued at $824,000 after acquiring an additional 321 shares in the last quarter. Institutional investors own 43.36% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Hovde Group started coverage on Princeton Bancorp in a research report on Tuesday, November 19th. They issued a “market perform” rating and a $40.00 price target for the company.

Princeton Bancorp Stock Down 0.0 %

NASDAQ:BPRN opened at $36.88 on Monday. The stock has a market cap of $252.63 million, a price-to-earnings ratio of 21.07 and a beta of 0.59. The company’s 50 day moving average price is $36.94 and its 200-day moving average price is $34.89. Princeton Bancorp, Inc. has a 52 week low of $29.02 and a 52 week high of $39.35.

Princeton Bancorp (NASDAQ:BPRN) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.06). The firm had revenue of $33.87 million during the quarter, compared to analysts’ expectations of $19.30 million. During the same period in the prior year, the company earned $0.80 EPS. As a group, sell-side analysts anticipate that Princeton Bancorp, Inc. will post 2.98 earnings per share for the current year.

Princeton Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 28th. Shareholders of record on Tuesday, November 5th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Tuesday, November 5th. Princeton Bancorp’s dividend payout ratio is currently 68.57%.

About Princeton Bancorp

Princeton Bancorp, Inc operates as the bank holding company for The Bank of Princeton that provides various banking products and services. It accepts various deposit products, including checking, savings, attorney trust, and money market accounts, as well as certificates of deposit. The company also offers traditional retail banking services, one-to-four-family residential mortgage loans, multi-family and commercial mortgage loans, construction loans, and commercial business loans, as well as consumer loans, including home equity loans and lines of credit.