Stephanie Adkins Sells 947 Shares of Princeton Bancorp, Inc. (NASDAQ:BPRN) Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) insider Stephanie Adkins sold 947 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $30.25, for a total value of $28,646.75. Following the completion of the sale, the insider now owns 9,737 shares of the company’s stock, valued at approximately $294,544.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Stephanie Adkins also recently made the following trade(s):

• On Tuesday, May 14th, Stephanie Adkins sold 265 shares of Princeton Bancorp stock. The shares were sold at an average price of $30.05, for a total transaction of $7,963.25.

Princeton Bancorp Stock Up 0.2 %

Shares of NASDAQ:BPRN traded up $0.05 during trading on Wednesday, hitting $30.53. The stock had a trading volume of 1,447 shares, compared to its average volume of 11,222. The company has a market capitalization of $192.95 million, a PE ratio of 8.11 and a beta of 0.60. The firm’s fifty day moving average is $30.28 and its 200 day moving average is $32.22. Princeton Bancorp, Inc. has a 12 month low of $24.51 and a 12 month high of $38.19.

Princeton Bancorp (NASDAQ:BPRN) last released its earnings results on Thursday, April 25th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. The business had revenue of $17.43 million for the quarter, compared to analysts’ expectations of $17.29 million. Equities research analysts expect that Princeton Bancorp, Inc. will post 2.84 EPS for the current fiscal year.

Princeton Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 10th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.20 annualized dividend and a dividend yield of 3.93%. Princeton Bancorp’s payout ratio is 31.91%.

Institutional Trading of Princeton Bancorp

A number of hedge funds have recently bought and sold shares of BPRN. Private Wealth Management Group LLC bought a new stake in shares of Princeton Bancorp during the 4th quarter valued at $2,025,000. Ritholtz Wealth Management purchased a new position in Princeton Bancorp during the fourth quarter valued at $218,000. SG Americas Securities LLC bought a new stake in Princeton Bancorp during the fourth quarter valued at about $101,000. LSV Asset Management increased its position in Princeton Bancorp by 17.6% in the third quarter. LSV Asset Management now owns 14,700 shares of the company’s stock worth $426,000 after buying an additional 2,200 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of Princeton Bancorp by 20.6% in the third quarter. O Shaughnessy Asset Management LLC now owns 15,243 shares of the company’s stock worth $442,000 after buying an additional 2,602 shares during the period. Hedge funds and other institutional investors own 43.36% of the company’s stock.

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.