Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Buys $38,520.00 in Stock

Princeton Bancorp, Inc. (NASDAQ:BPRNGet Free Report) Director Martin Tuchman acquired 1,284 shares of the stock in a transaction on Thursday, June 6th. The stock was bought at an average price of $30.00 per share, with a total value of $38,520.00. Following the transaction, the director now directly owns 99,859 shares of the company’s stock, valued at approximately $2,995,770. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Martin Tuchman also recently made the following trade(s):

  • On Tuesday, June 4th, Martin Tuchman purchased 1,022 shares of Princeton Bancorp stock. The shares were purchased at an average cost of $30.25 per share, with a total value of $30,915.50.
  • On Wednesday, May 29th, Martin Tuchman purchased 1,000 shares of Princeton Bancorp stock. The stock was bought at an average price of $30.25 per share, for a total transaction of $30,250.00.
  • On Thursday, May 23rd, Martin Tuchman bought 1,000 shares of Princeton Bancorp stock. The stock was purchased at an average price of $30.55 per share, with a total value of $30,550.00.
  • On Tuesday, May 21st, Martin Tuchman bought 1,000 shares of Princeton Bancorp stock. The shares were acquired at an average cost of $31.00 per share, with a total value of $31,000.00.
  • On Wednesday, May 8th, Martin Tuchman purchased 1,000 shares of Princeton Bancorp stock. The stock was bought at an average cost of $29.95 per share, for a total transaction of $29,950.00.
  • On Tuesday, April 30th, Martin Tuchman purchased 2,000 shares of Princeton Bancorp stock. The shares were bought at an average price of $29.43 per share, with a total value of $58,860.00.
  • On Friday, March 15th, Martin Tuchman bought 5,000 shares of Princeton Bancorp stock. The stock was purchased at an average price of $29.74 per share, for a total transaction of $148,700.00.
  • On Tuesday, March 12th, Martin Tuchman bought 3,168 shares of Princeton Bancorp stock. The shares were acquired at an average price of $29.99 per share, for a total transaction of $95,008.32.

Princeton Bancorp Stock Performance

BPRN opened at $30.73 on Thursday. The stock has a market capitalization of $194.18 million, a P/E ratio of 8.17 and a beta of 0.60. The company’s 50-day simple moving average is $30.17 and its two-hundred day simple moving average is $32.02. Princeton Bancorp, Inc. has a 52-week low of $26.37 and a 52-week high of $38.19.

Princeton Bancorp (NASDAQ:BPRNGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01. The business had revenue of $17.43 million during the quarter, compared to the consensus estimate of $17.29 million. Research analysts forecast that Princeton Bancorp, Inc. will post 2.84 EPS for the current fiscal year.

Princeton Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 10th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.90%. Princeton Bancorp’s dividend payout ratio (DPR) is presently 31.91%.

Institutional Trading of Princeton Bancorp

Several institutional investors and hedge funds have recently modified their holdings of BPRN. SG Americas Securities LLC bought a new stake in Princeton Bancorp during the 4th quarter valued at approximately $101,000. Ritholtz Wealth Management bought a new position in shares of Princeton Bancorp during the fourth quarter worth $218,000. Quadrature Capital Ltd purchased a new position in Princeton Bancorp during the first quarter valued at $441,000. O Shaughnessy Asset Management LLC increased its holdings in Princeton Bancorp by 20.6% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 15,243 shares of the company’s stock valued at $442,000 after acquiring an additional 2,602 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in Princeton Bancorp by 8.0% in the 1st quarter. Empowered Funds LLC now owns 28,404 shares of the company’s stock valued at $874,000 after acquiring an additional 2,100 shares during the last quarter. 43.36% of the stock is currently owned by institutional investors.

Princeton Bancorp Company Profile

(Get Free Report)

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.

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