Princeton Bancorp (NASDAQ:BPRN) Trading 0.1% Higher

Shares of Princeton Bancorp, Inc. (NASDAQ:BPRN) traded up 0.1% during trading on Monday . The stock traded as high as $36.48 and last traded at $35.66. 4,379 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 11,233 shares. The stock had previously closed at $35.62.

Princeton Bancorp Trading Down 0.9 %

The stock’s 50-day moving average price is $36.12 and its 200-day moving average price is $32.43. The stock has a market cap of $226.95 million, a price-to-earnings ratio of 9.51 and a beta of 0.59.

Princeton Bancorp (NASDAQ:BPRN) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. The business had revenue of $31.50 million during the quarter, compared to analyst estimates of $17.77 million. As a group, analysts predict that Princeton Bancorp, Inc. will post 2.97 earnings per share for the current year.

Princeton Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 9th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.20 annualized dividend and a dividend yield of 3.36%. Princeton Bancorp’s dividend payout ratio is currently 31.91%.

Insider Buying and Selling

In other news, insider Stephanie Adkins sold 2,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $35.10, for a total transaction of $70,200.00. Following the transaction, the insider now owns 7,377 shares of the company’s stock, valued at approximately $258,932.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Princeton Bancorp news, Director Robert N. Ridolfi sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $38.00, for a total value of $38,000.00. Following the transaction, the director now directly owns 12,500 shares of the company’s stock, valued at $475,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephanie Adkins sold 2,000 shares of Princeton Bancorp stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $35.10, for a total transaction of $70,200.00. Following the transaction, the insider now owns 7,377 shares of the company’s stock, valued at $258,932.70. The disclosure for this sale can be found here. 23.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Princeton Bancorp

Several large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its holdings in Princeton Bancorp by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 24,894 shares of the company’s stock worth $824,000 after acquiring an additional 321 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Princeton Bancorp by 1.5% during the second quarter. Acadian Asset Management LLC now owns 79,958 shares of the company’s stock valued at $2,644,000 after purchasing an additional 1,202 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Princeton Bancorp by 4.5% during the second quarter. Renaissance Technologies LLC now owns 41,523 shares of the company’s stock worth $1,374,000 after purchasing an additional 1,800 shares during the last quarter. Vanguard Group Inc. grew its position in Princeton Bancorp by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 301,721 shares of the company’s stock worth $9,287,000 after purchasing an additional 1,810 shares in the last quarter. Finally, Empowered Funds LLC increased its stake 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 buying an additional 2,100 shares during the last quarter. Institutional investors own 43.36% of the company’s stock.

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.