Princeton Capital Management LLC Purchases Shares of 5,813 Princeton Bancorp, Inc. (NASDAQ:BPRN)

Princeton Capital Management LLC purchased a new stake in Princeton Bancorp, Inc. (NASDAQ:BPRN) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,813 shares of the company’s stock, valued at approximately $215,000.

Other institutional investors have also recently bought and sold shares of the company. Copeland Capital Management LLC bought a new position in Princeton Bancorp in the third quarter valued at approximately $47,000. GSA Capital Partners LLP acquired a new stake in shares of Princeton Bancorp in the third quarter valued at approximately $235,000. Masso Torrence Wealth Management Inc. bought a new stake in shares of Princeton Bancorp in the third quarter worth $302,000. Quadrature Capital Ltd bought a new stake in shares of Princeton Bancorp in the first quarter worth $441,000. Finally, LSV Asset Management lifted its position 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 purchasing an additional 9,835 shares in the last quarter. Institutional investors own 43.36% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Hovde Group initiated coverage on shares of Princeton Bancorp in a research report on Tuesday. They issued a “market perform” rating and a $40.00 price objective on the stock.

Princeton Bancorp Stock Down 2.0 %

Shares of BPRN stock opened at $36.72 on Tuesday. The firm has a market cap of $251.53 million, a PE ratio of 20.98 and a beta of 0.59. The company’s fifty day simple moving average is $36.93 and its 200-day simple moving average is $34.72. Princeton Bancorp, Inc. has a 12 month low of $29.02 and a 12 month high of $39.35.

Princeton Bancorp (NASDAQ:BPRN) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $19.30 million. During the same quarter in the previous year, the firm earned $0.80 earnings per share. On average, equities analysts predict that Princeton Bancorp, Inc. will post 2.98 earnings per share for the current fiscal year.

Princeton Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 28th. Stockholders of record on Tuesday, November 5th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Tuesday, November 5th. Princeton Bancorp’s payout ratio is presently 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.