Princeton Bancorp (NASDAQ:BPRN) Insider Sells $59,904.60 in Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) insider Matthew Clark sold 1,428 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $41.95, for a total value of $59,904.60. Following the sale, the insider owned 1,428 shares of the company’s stock, valued at approximately $59,904.60. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Princeton Bancorp Trading Up 1.7%

Shares of Princeton Bancorp stock opened at $43.23 on Thursday. The company has a market cap of $294.40 million, a price-to-earnings ratio of 11.38 and a beta of 0.47. The company’s fifty day simple moving average is $38.82 and its 200-day simple moving average is $36.38. Princeton Bancorp, Inc. has a 1 year low of $29.69 and a 1 year high of $43.93.

Princeton Bancorp (NASDAQ:BPRN) last posted its quarterly earnings data 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. 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. As a group, research analysts forecast that Princeton Bancorp, Inc. will post 3.88 earnings per share for the current fiscal year.

Princeton Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Wednesday, August 5th will be paid a dividend of $0.35 per share. The ex-dividend date is Wednesday, August 5th. This represents a $1.40 dividend on an annualized basis and a yield of 3.2%. Princeton Bancorp’s payout ratio is currently 36.84%.

Wall Street Analyst Weigh In

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 investment 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.50.

Institutional Trading of Princeton Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in BPRN. BlackRock Inc. bought a new stake in Princeton Bancorp in the second quarter valued at about $16,230,000. Deutsche Bank AG acquired a new stake in Princeton Bancorp during the 2nd quarter worth approximately $189,000. Bank of New York Mellon Corp acquired a new stake in shares of Princeton Bancorp during the second quarter worth $1,198,000. GSA Capital Partners LLP acquired a new stake in shares of Princeton Bancorp in the 2nd quarter valued at about $375,000. Finally, NewEdge Advisors LLC bought a new stake in Princeton Bancorp in the 1st quarter valued at approximately $30,000. Institutional investors own 43.36% of the company’s stock.

About Princeton Bancorp

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.