Stephen Distler Sells 8,776 Shares of Princeton Bancorp (NASDAQ:BPRN) Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Stephen Distler sold 8,776 shares of Princeton Bancorp stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $41.48, for a total value of $364,028.48. Following the completion of the sale, the director directly owned 83,220 shares in the company, valued at approximately $3,451,965.60. The trade was a 9.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Princeton Bancorp Stock Performance

BPRN stock opened at $42.24 on Wednesday. The firm has a fifty day moving average price of $38.00 and a 200 day moving average price of $36.14. Princeton Bancorp, Inc. has a fifty-two week low of $29.69 and a fifty-two week high of $43.93. The firm has a market cap of $287.65 million, a PE ratio of 11.12 and a beta of 0.47.

Princeton Bancorp (NASDAQ:BPRN) last released its quarterly earnings results on Thursday, July 23rd. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.16. Princeton Bancorp had a net margin of 18.99% and a return on equity of 9.57%. The company had revenue of $22.48 million for the quarter, compared to the consensus estimate of $21.84 million. On average, equities analysts predict that Princeton Bancorp, Inc. will post 3.88 EPS for the current year.

Princeton Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Wednesday, August 5th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.3%. Princeton Bancorp’s dividend payout ratio (DPR) is presently 36.84%.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Princeton Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 12th. One equities 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. According to data from MarketBeat.com, Princeton Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

Hedge Funds Weigh In On Princeton Bancorp

Several hedge funds have recently added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its stake in Princeton Bancorp by 2.4% in the second quarter. Alliancebernstein L.P. now owns 555,927 shares of the company’s stock worth $16,978,000 after purchasing an additional 13,280 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Princeton Bancorp by 7.5% during the first quarter. Dimensional Fund Advisors LP now owns 160,383 shares of the company’s stock valued at $5,416,000 after purchasing an additional 11,235 shares during the period. Fourthstone LLC grew its holdings in shares of Princeton Bancorp by 36.8% in 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 last quarter. Focus Partners Wealth purchased a new position in Princeton Bancorp in the 3rd quarter worth about $319,000. Finally, Strs Ohio increased its stake in Princeton Bancorp by 1,500.0% in the 4th quarter. Strs Ohio now owns 9,600 shares of the company’s stock worth $333,000 after buying an additional 9,000 shares during the period. 43.36% of the stock is currently owned by institutional investors.

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.