Princeton Bancorp (NASDAQ:BPRN) Director Martin Tuchman Purchases 1,056 Shares

Princeton Bancorp, Inc. (NASDAQ:BPRN - Get Free Report) Director Martin Tuchman bought 1,056 shares of the company's stock in a transaction that occurred on Wednesday, November 19th. The shares were purchased at an average cost of $32.25 per share, for a total transaction of $34,056.00. Following the acquisition, the director owned 11,604 shares of the company's stock, valued at $374,229. This represents a 10.01% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Martin Tuchman also recently made the following trade(s):

• On Thursday, November 20th, Martin Tuchman purchased 2,000 shares of Princeton Bancorp stock. The shares were purchased at an average cost of $32.30 per share, with a total value of $64,600.00.
• On Wednesday, November 12th, Martin Tuchman acquired 5,000 shares of Princeton Bancorp stock. The stock was purchased at an average cost of $33.00 per share, for a total transaction of $165,000.00.
• On Tuesday, November 11th, Martin Tuchman acquired 52 shares of Princeton Bancorp stock. The stock was purchased at an average price of $33.00 per share, with a total value of $1,716.00.
• On Friday, November 7th, Martin Tuchman purchased 493 shares of Princeton Bancorp stock. The stock was acquired at an average cost of $33.00 per share, with a total value of $16,269.00.
• On Wednesday, November 5th, Martin Tuchman acquired 3 shares of Princeton Bancorp stock. The shares were bought at an average price of $32.60 per share, for a total transaction of $97.80.
• On Tuesday, November 4th, Martin Tuchman bought 2,000 shares of Princeton Bancorp stock. The stock was purchased at an average price of $32.25 per share, with a total value of $64,500.00.
• On Monday, September 8th, Martin Tuchman purchased 10,000 shares of Princeton Bancorp stock. The shares were purchased at an average price of $33.00 per share, for a total transaction of $330,000.00.

Princeton Bancorp Price Performance

Princeton Bancorp stock traded up $0.86 during midday trading on Friday, reaching $33.47. The stock had a trading volume of 3,673 shares, compared to its average volume of 9,695. Princeton Bancorp, Inc. has a twelve month low of $27.25 and a twelve month high of $38.78. The firm has a market cap of $226.35 million, a price-to-earnings ratio of 13.02 and a beta of 0.65. The firm's fifty day simple moving average is $31.70 and its two-hundred day simple moving average is $31.68.

Princeton Bancorp (NASDAQ:BPRN - Get Free Report) last issued its earnings results on Wednesday, October 29th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.89 by $0.06. The business had revenue of $21.53 million during the quarter, compared to analyst estimates of $20.33 million. As a group, sell-side analysts predict that Princeton Bancorp, Inc. will post 3.35 EPS for the current fiscal year.

Princeton Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Friday, November 7th. This is an increase from Princeton Bancorp's previous quarterly dividend of $0.30. Princeton Bancorp's payout ratio is currently 54.47%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BPRN. Focus Partners Wealth bought a new position in Princeton Bancorp during the third quarter worth $319,000. Alliancebernstein L.P. raised its position in shares of Princeton Bancorp by 1.0% during the third 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 lifted its stake in shares of Princeton Bancorp by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 144,827 shares of the company's stock valued at $4,611,000 after buying an additional 2,505 shares during the period. Royce & Associates LP grew its position in Princeton Bancorp by 14.3% during the third quarter. Royce & Associates LP now owns 80,366 shares of the company's stock worth $2,559,000 after buying an additional 10,032 shares in the last quarter. Finally, Princeton Capital Management LLC bought a new position in Princeton Bancorp during the third quarter valued at about $249,000. 43.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on BPRN shares. Janney Montgomery Scott raised Princeton Bancorp to a "strong-buy" rating in a research note on Wednesday, October 22nd. Zacks Research raised shares of Princeton Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 10th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Princeton Bancorp in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $35.00.

Check Out Our Latest Analysis on BPRN

Princeton Bancorp Company 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.

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