Systematic Financial Management LP Has $11.79 Million Holdings in Princeton Bancorp, Inc. (NASDAQ:BPRN)

Systematic Financial Management LP lifted its holdings in Princeton Bancorp, Inc. (NASDAQ:BPRN) by 11.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 318,772 shares of the company’s stock after purchasing an additional 31,777 shares during the period. Systematic Financial Management LP owned 5.02% of Princeton Bancorp worth $11,788,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its position in Princeton Bancorp by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 301,721 shares of the company’s stock worth $9,287,000 after acquiring an additional 1,810 shares during the last quarter. Bank of New York Mellon Corp lifted its position 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 Princeton Bancorp by 1.5% during the 2nd quarter. Acadian Asset Management LLC now owns 79,958 shares of the company’s stock worth $2,644,000 after acquiring an additional 1,202 shares during the last quarter. LSV Asset Management lifted its position in Princeton Bancorp by 66.5% during the 2nd quarter. LSV Asset Management now owns 24,635 shares of the company’s stock worth $815,000 after acquiring an additional 9,835 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Princeton Bancorp by 9.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 113,090 shares of the company’s stock worth $3,742,000 after acquiring an additional 9,990 shares during the last quarter. Institutional investors and hedge funds own 43.36% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Hovde Group assumed coverage on shares of Princeton Bancorp in a research report on Tuesday, November 19th. They set a “market perform” rating and a $40.00 target price for the company.

Princeton Bancorp Stock Performance

NASDAQ:BPRN opened at $38.37 on Friday. The firm’s 50-day moving average is $37.00 and its 200-day moving average is $35.28. Princeton Bancorp, Inc. has a 52-week low of $29.02 and a 52-week high of $39.35. The company has a market cap of $262.83 million, a price-to-earnings ratio of 21.93 and a beta of 0.60.

Princeton Bancorp (NASDAQ:BPRN) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.63 earnings per share (EPS) 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 last year, the firm posted $0.80 EPS. Equities analysts predict that Princeton Bancorp, Inc. will post 2.98 EPS for the current year.

Princeton Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 28th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, November 5th. This represents a $1.20 annualized dividend and a dividend yield of 3.13%. Princeton Bancorp’s payout ratio is 68.57%.

Princeton Bancorp Profile

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.