Martin Tuchman Acquires 22,000 Shares of Princeton Bancorp, Inc. (NASDAQ:BPRN) Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman purchased 22,000 shares of the stock in a transaction on Tuesday, February 11th. The stock was acquired at an average price of $32.71 per share, with a total value of $719,620.00. Following the acquisition, the director now directly owns 629,141 shares in the company, valued at $20,579,202.11. This trade represents a 3.62 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Princeton Bancorp Trading Up 1.3 %

Shares of BPRN stock opened at $31.75 on Friday. The company has a market cap of $217.49 million, a PE ratio of 18.90 and a beta of 0.59. The company’s fifty day simple moving average is $34.03 and its 200-day simple moving average is $35.81. Princeton Bancorp, Inc. has a 52 week low of $29.02 and a 52 week high of $39.35.

Princeton Bancorp (NASDAQ:BPRN) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.11). Equities research analysts expect that Princeton Bancorp, Inc. will post 3.35 EPS for the current fiscal year.

Princeton Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 5th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend is Wednesday, February 5th. Princeton Bancorp’s dividend payout ratio is presently 71.43%.

Institutional Trading of Princeton Bancorp

A number of hedge funds have recently made changes to their positions in the company. Empowered Funds LLC boosted its stake in shares of Princeton Bancorp by 1.9% in the fourth quarter. Empowered Funds LLC now owns 32,772 shares of the company’s stock valued at $1,128,000 after purchasing an additional 600 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Princeton Bancorp by 6.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,950 shares of the company’s stock worth $377,000 after buying an additional 633 shares in the last quarter. State Street Corp boosted its position in Princeton Bancorp by 1.0% in the 3rd quarter. State Street Corp now owns 70,670 shares of the company’s stock valued at $2,613,000 after buying an additional 733 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Princeton Bancorp by 6.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 14,073 shares of the company’s stock valued at $520,000 after acquiring an additional 860 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Princeton Bancorp by 38.6% during the fourth quarter. Wells Fargo & Company MN now owns 3,222 shares of the company’s stock worth $111,000 after acquiring an additional 898 shares during the last quarter. Hedge funds and other institutional investors own 43.36% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Hovde Group began coverage on shares of Princeton Bancorp in a research report on Tuesday, November 19th. They set a “market perform” rating and a $40.00 price target for the company. Janney Montgomery Scott raised shares of Princeton Bancorp from a “neutral” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Tuesday, February 4th.

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.