Royce & Associates LP Has $2.23 Million Stock Holdings in Princeton Bancorp, Inc. (NASDAQ:BPRN)

Royce & Associates LP trimmed its holdings in Princeton Bancorp, Inc. (NASDAQ:BPRN) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,787 shares of the company’s stock after selling 1,000 shares during the period. Royce & Associates LP owned 0.95% of Princeton Bancorp worth $2,231,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BPRN. Systematic Financial Management LP lifted its stake in shares of Princeton Bancorp by 11.1% in the 3rd quarter. Systematic Financial Management LP now owns 318,772 shares of the company’s stock valued at $11,788,000 after purchasing an additional 31,777 shares during the last quarter. Banc Funds Co. LLC raised its holdings in Princeton Bancorp by 10.3% during the third quarter. Banc Funds Co. LLC now owns 340,716 shares of the company’s stock valued at $12,600,000 after buying an additional 31,700 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Princeton Bancorp in the fourth quarter worth about $677,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Princeton Bancorp during the 3rd quarter worth about $382,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Princeton Bancorp by 98.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,568 shares of the company’s stock valued at $539,000 after acquiring an additional 7,220 shares during the last quarter. Institutional investors and hedge funds own 43.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Janney Montgomery Scott upgraded Princeton Bancorp from a “neutral” rating to a “buy” rating and set a $35.00 target price for the company in a report on Tuesday, February 4th.

Princeton Bancorp Price Performance

Shares of BPRN opened at $31.21 on Friday. The company has a market capitalization of $213.76 million, a PE ratio of 18.58 and a beta of 0.54. Princeton Bancorp, Inc. has a one year low of $29.02 and a one year high of $39.35. The company’s fifty day moving average price is $32.03 and its 200 day moving average price is $34.91.

Princeton Bancorp (NASDAQ:BPRN) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.11). Analysts anticipate that Princeton Bancorp, Inc. will post 3.35 earnings per share for the current year.

Princeton Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 5th were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, February 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.84%. Princeton Bancorp’s dividend payout ratio (DPR) is presently 71.43%.

Insider Activity

In related news, Director Martin Tuchman purchased 22,000 shares of Princeton Bancorp stock in a transaction on Tuesday, February 11th. The stock was purchased at an average cost of $32.71 per share, with a total value of $719,620.00. Following the acquisition, the director now directly owns 629,141 shares in the company, valued at approximately $20,579,202.11. This trade represents a 3.62 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 23.60% of the stock is owned by company insiders.

About Princeton Bancorp

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.