Princeton Bancorp (NASDAQ:BPRN) Issues Earnings Results

Princeton Bancorp (NASDAQ:BPRN) posted its earnings results on Thursday. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.14, FiscalAI reports. Princeton Bancorp had a return on equity of 7.20% and a net margin of 14.20%.The company had revenue of $22.48 million for the quarter, compared to analyst estimates of $21.84 million.

Princeton Bancorp Stock Performance

BPRN stock traded up $0.28 during mid-day trading on Thursday, hitting $37.97. The company had a trading volume of 11,461 shares, compared to its average volume of 13,764. The firm has a market cap of $258.58 million, a PE ratio of 13.28 and a beta of 0.48. Princeton Bancorp has a 12 month low of $29.69 and a 12 month high of $39.47. The stock’s fifty day moving average price is $36.88 and its two-hundred day moving average price is $35.74.

Princeton Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Wednesday, August 5th will be given a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $1.40 annualized dividend and a yield of 3.7%. Princeton Bancorp’s payout ratio is currently 48.95%.

Insider Buying and Selling at Princeton Bancorp

In related news, insider Stephanie Adkins sold 1,600 shares of Princeton Bancorp stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $35.04, for a total value of $56,064.00. Following the sale, the insider owned 21,272 shares of the company’s stock, valued at approximately $745,370.88. The trade was a 7.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 23.10% of the stock is owned by corporate insiders.

Institutional Trading of Princeton Bancorp

A number of large investors have recently bought and sold shares of BPRN. Alliancebernstein L.P. lifted its position in shares of Princeton Bancorp by 1.0% during the 3rd quarter. Alliancebernstein L.P. now owns 561,737 shares of the company’s stock valued at $17,886,000 after buying an additional 5,810 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Princeton Bancorp by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 149,148 shares of the company’s stock valued at $5,175,000 after acquiring an additional 4,321 shares during the period. Geode Capital Management LLC raised its stake in Princeton Bancorp by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 127,621 shares of the company’s stock valued at $4,428,000 after acquiring an additional 659 shares during the period. First Manhattan CO. LLC. lifted its holdings in Princeton Bancorp by 21.1% during the fourth quarter. First Manhattan CO. LLC. now owns 42,990 shares of the company’s stock valued at $1,491,000 after purchasing an additional 7,500 shares during the last quarter. Finally, Fourthstone LLC boosted its position in Princeton Bancorp by 36.8% during the fourth quarter. Fourthstone LLC now owns 37,789 shares of the company’s stock worth $1,311,000 after purchasing an additional 10,172 shares during the period. 43.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BPRN has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of Princeton Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 12th. Zacks Research upgraded shares of Princeton Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

Princeton Bancorp Company Profile

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.