Princeton Bancorp (NASDAQ:BPRN) Director Martin Tuchman Sells 3,000 Shares of Stock

Key Points

  • Director Martin Tuchman sold 3,000 Princeton Bancorp shares at an average price of $31.72, generating $95,160; he retained 636,141 shares after the transaction.
  • Princeton Bancorp’s latest quarterly results exceeded expectations, with EPS of $1.04 versus the $0.88 consensus estimate and revenue of $22.48 million. The company also pays a quarterly dividend of $0.35 per share, representing a 3.2% annualized yield.
  • Institutional investors own 43.36% of the company, while analysts collectively assign the stock a “Moderate Buy” rating with an average price target of $37.50.

Princeton Bancorp, Inc. (NASDAQ:BPRN - Get Free Report) Director Martin Tuchman sold 3,000 shares of the business's stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $31.72, for a total value of $95,160.00. Following the sale, the director directly owned 636,141 shares of the company's stock, valued at $20,178,392.52. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • On Wednesday, August 12th, Martin Tuchman bought 10,534 shares of Princeton Bancorp stock. The stock was bought at an average price of $42.98 per share, for a total transaction of $452,751.32.

Princeton Bancorp Stock Up 1.3%

BPRN stock opened at $43.72 on Friday. The firm has a market capitalization of $297.86 million, a PE ratio of 11.51 and a beta of 0.47. Princeton Bancorp, Inc. has a twelve month low of $29.69 and a twelve month high of $44.50. The stock's 50 day moving average is $42.76 and its 200-day moving average is $38.39.




Princeton Bancorp (NASDAQ:BPRN - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.16. The business had revenue of $22.48 million during the quarter, compared to the consensus estimate of $21.84 million. Princeton Bancorp had a return on equity of 9.48% and a net margin of 18.99%. On average, equities research analysts anticipate that Princeton Bancorp, Inc. will post 3.88 earnings per share for the current fiscal year.

Princeton Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Wednesday, August 5th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, August 5th. Princeton Bancorp's payout ratio is currently 36.84%.

Hedge Funds Weigh In On Princeton Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Princeton Bancorp during the second quarter valued at approximately $16,230,000. Basswood Capital Management L.L.C. bought a new position in Princeton Bancorp in the 2nd quarter valued at $3,701,000. Empowered Funds LLC bought a new position in Princeton Bancorp in the 2nd quarter valued at $1,276,000. Bank of New York Mellon Corp bought a new position in Princeton Bancorp in the 2nd quarter valued at $1,198,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Princeton Bancorp during the 2nd quarter valued at $521,000. Hedge funds and other institutional investors own 43.36% of the company's stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "buy (b)" rating on shares of Princeton Bancorp in a report on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Princeton Bancorp presently has an average rating of "Moderate Buy" and an average target price of $37.50.

Check Out Our Latest Stock Analysis on BPRN

About Princeton Bancorp

(Get Free Report)

Princeton Bancorp, Inc is a bank holding company headquartered in Princeton, New Jersey. Through its principal subsidiary, The Princeton Bank, the company provides banking and financial services to individuals, families, businesses, and nonprofit organizations.

The Princeton Bank offers deposit products, including checking, savings, money market, and certificate of deposit accounts. Its lending activities include residential and commercial real estate loans, commercial and industrial financing, construction loans, home equity products, and consumer loans.

Further Reading

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