Key Points
- Director Purchase: Director Stephen Shueh bought 3,500 shares on May 15 at $24.09 each for $84,315, raising his direct holdings to 35,038 shares — an 11.10% increase.
- Company snapshot: Princeton Bancorp trades in the mid-$30s (1-year range $27.25–$37.99) with a $236.7M market cap, P/E of 12.8, a 4.0% dividend yield (annualized $1.40, DPR ~51.5%), a recent quarterly EPS miss ($0.90 vs. $0.94), and a consensus "Moderate Buy" target of $37.50.
Princeton Bancorp, Inc. (NASDAQ:BPRN - Get Free Report) Director Stephen Shueh acquired 3,500 shares of the business's stock in a transaction dated Monday, May 15th. The shares were bought at an average cost of $24.09 per share, for a total transaction of $84,315.00. Following the transaction, the director directly owned 35,038 shares in the company, valued at approximately $844,065.42. This represents a 11.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Princeton Bancorp Price Performance
Shares of Princeton Bancorp stock opened at $34.81 on Friday. Princeton Bancorp, Inc. has a one year low of $27.25 and a one year high of $37.99. The firm has a market capitalization of $236.71 million, a price-to-earnings ratio of 12.80 and a beta of 0.49. The business has a 50-day simple moving average of $34.87 and a 200 day simple moving average of $33.85.
Princeton Bancorp (NASDAQ:BPRN - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.04). The business had revenue of $20.75 million during the quarter, compared to analyst estimates of $21.03 million. On average, sell-side analysts expect that Princeton Bancorp, Inc. will post 3.35 EPS for the current year.
Princeton Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 4th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Wednesday, February 4th. Princeton Bancorp's dividend payout ratio (DPR) is currently 51.47%.
Analysts Set New Price Targets
A number of analysts have commented on the stock. Weiss Ratings upgraded shares of Princeton Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, January 23rd. Zacks Research lowered shares of Princeton Bancorp from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 3rd. Finally, Hovde Group lifted their price objective on shares of Princeton Bancorp from $35.00 to $37.50 and gave the company a "market perform" rating in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Princeton Bancorp currently has a consensus rating of "Moderate Buy" and an average target price of $37.50.
Read Our Latest Report on BPRN
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Princeton Bancorp by 14.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,360 shares of the company's stock valued at $103,000 after buying an additional 431 shares during the last quarter. Empowered Funds LLC raised its position in Princeton Bancorp by 3.6% in the 1st quarter. Empowered Funds LLC now owns 33,941 shares of the company's stock valued at $1,037,000 after buying an additional 1,169 shares during the last quarter. Geode Capital Management LLC lifted its stake in Princeton Bancorp by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 127,347 shares of the company's stock valued at $3,890,000 after acquiring an additional 1,542 shares in the last quarter. Systematic Financial Management LP lifted its stake in Princeton Bancorp by 1.0% during the 2nd quarter. Systematic Financial Management LP now owns 345,247 shares of the company's stock valued at $10,544,000 after acquiring an additional 3,269 shares in the last quarter. Finally, Fourthstone LLC boosted its holdings in Princeton Bancorp by 103.4% during the 2nd quarter. Fourthstone LLC now owns 20,454 shares of the company's stock worth $625,000 after acquiring an additional 10,400 shares during the last quarter. Institutional investors own 43.36% of the company's stock.
Princeton Bancorp Company Profile
(
Get Free Report)
Princeton Bancorp, Inc is the bank holding company for Princeton Bank, a community-focused financial institution based in Princeton, New Jersey. Through its wholly owned subsidiary, the company offers a full suite of personal and business banking services designed to meet the needs of individuals, families and local enterprises in central and southern New Jersey.
The company’s core offerings include checking and savings accounts, consumer and commercial lending, mortgage origination and refinancing, as well as treasury management solutions for small-to-medium-sized businesses.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
