Princeton Bancorp (NASDAQ:BPRN) Director Acquires $34,056.00 in Stock

Key Points

  • Martin Tuchman, a Princeton Bancorp director, bought 2,000 shares on Nov. 20 at $32.30 (≈$64,600) and now holds 13,604 shares—a 17.24% ownership increase—part of a series of insider purchases including 10,000 shares in September.
  • Princeton Bancorp raised its quarterly dividend to $0.35 (annualized $1.40, ~4.2% yield; ex-dividend Nov. 7) and recently beat estimates with EPS of $0.95 vs. $0.89 and revenue of $21.53M, while analysts carry an average "Buy" rating and $35 target.

Princeton Bancorp, Inc. (NASDAQ:BPRN - Get Free Report) Director Martin Tuchman acquired 1,056 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was purchased at an average price of $32.25 per share, for a total transaction of $34,056.00. Following the completion of the acquisition, the director owned 11,604 shares in the company, valued at $374,229. The trade was a 10.01% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • On Thursday, November 20th, Martin Tuchman bought 2,000 shares of Princeton Bancorp stock. The shares were purchased at an average cost of $32.30 per share, with a total value of $64,600.00.
  • On Wednesday, November 12th, Martin Tuchman bought 5,000 shares of Princeton Bancorp stock. The stock was purchased at an average price of $33.00 per share, for a total transaction of $165,000.00.
  • On Tuesday, November 11th, Martin Tuchman purchased 52 shares of Princeton Bancorp stock. The shares were purchased at an average price of $33.00 per share, with a total value of $1,716.00.
  • On Friday, November 7th, Martin Tuchman acquired 493 shares of Princeton Bancorp stock. The stock was purchased at an average cost of $33.00 per share, with a total value of $16,269.00.
  • On Wednesday, November 5th, Martin Tuchman acquired 3 shares of Princeton Bancorp stock. The stock was purchased at an average price of $32.60 per share, for a total transaction of $97.80.
  • On Tuesday, November 4th, Martin Tuchman bought 2,000 shares of Princeton Bancorp stock. The shares were acquired at an average cost of $32.25 per share, for a total transaction of $64,500.00.
  • On Monday, September 8th, Martin Tuchman bought 10,000 shares of Princeton Bancorp stock. The shares were acquired at an average cost of $33.00 per share, with a total value of $330,000.00.

Princeton Bancorp Price Performance




BPRN traded up $0.77 on Friday, reaching $33.38. 11,794 shares of the company's stock were exchanged, compared to its average volume of 9,419. Princeton Bancorp, Inc. has a twelve month low of $27.25 and a twelve month high of $38.78. The stock has a market cap of $225.65 million, a PE ratio of 12.99 and a beta of 0.65. The stock's fifty day moving average price is $31.72 and its 200-day moving average price is $31.70.

Princeton Bancorp (NASDAQ:BPRN - Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.06. The business had revenue of $21.53 million during the quarter, compared to analyst estimates of $20.33 million. As a group, research analysts predict that Princeton Bancorp, Inc. will post 3.35 earnings per share for the current fiscal year.

Princeton Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.2%. This is an increase from Princeton Bancorp's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, November 7th. Princeton Bancorp's dividend payout ratio is presently 54.47%.

Wall Street Analyst Weigh In

Several analysts have issued reports on BPRN shares. Weiss Ratings restated a "hold (c)" rating on shares of Princeton Bancorp in a report on Wednesday, October 8th. Janney Montgomery Scott raised shares of Princeton Bancorp to a "strong-buy" rating in a research report on Wednesday, October 22nd. Finally, Zacks Research upgraded shares of Princeton Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $35.00.

Read Our Latest Report on Princeton Bancorp

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Police & Firemen s Retirement System of New Jersey purchased a new position in Princeton Bancorp during the second quarter worth about $38,000. Raymond James Financial Inc. acquired a new position in shares of Princeton Bancorp in the 2nd quarter worth approximately $61,000. Tower Research Capital LLC TRC boosted its position in shares of Princeton Bancorp by 584.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,191 shares of the company's stock worth $67,000 after purchasing an additional 1,871 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Princeton Bancorp by 14.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,360 shares of the company's stock valued at $103,000 after purchasing an additional 431 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Princeton Bancorp by 14.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,863 shares of the company's stock valued at $219,000 after purchasing an additional 892 shares during the last quarter. Institutional investors and hedge funds own 43.36% of the company's stock.

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.

See Also

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