Princeton Capital Management LLC Acquires Shares of 5,813 Princeton Bancorp, Inc. (NASDAQ:BPRN)

Princeton Capital Management LLC bought a new stake in Princeton Bancorp, Inc. (NASDAQ:BPRN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,813 shares of the company’s stock, valued at approximately $215,000. Princeton Capital Management LLC owned about 0.09% of Princeton Bancorp at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of BPRN. Copeland Capital Management LLC bought a new position in shares of Princeton Bancorp in the 3rd quarter valued at about $47,000. GSA Capital Partners LLP bought a new position in shares of Princeton Bancorp in the 3rd quarter valued at about $235,000. Masso Torrence Wealth Management Inc. bought a new position in shares of Princeton Bancorp in the 3rd quarter valued at about $302,000. Quadrature Capital Ltd bought a new position in shares of Princeton Bancorp in the 1st quarter valued at about $441,000. Finally, LSV Asset Management boosted its stake in shares of Princeton Bancorp by 66.5% in the 2nd quarter. LSV Asset Management now owns 24,635 shares of the company’s stock valued at $815,000 after purchasing an additional 9,835 shares during the last quarter. Institutional investors own 43.36% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Hovde Group initiated coverage on shares of Princeton Bancorp in a research note on Tuesday. They issued a “market perform” rating and a $40.00 target price on the stock.

Princeton Bancorp Price Performance

Princeton Bancorp stock opened at $36.72 on Tuesday. The company’s 50 day simple moving average is $36.93 and its 200 day simple moving average is $34.72. Princeton Bancorp, Inc. has a fifty-two week low of $29.02 and a fifty-two week high of $39.35. The firm has a market capitalization of $251.53 million, a price-to-earnings ratio of 20.98 and a beta of 0.59.

Princeton Bancorp (NASDAQ:BPRN) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.06). The company had revenue of $33.87 million for the quarter, compared to analyst estimates of $19.30 million. During the same quarter last year, the firm earned $0.80 earnings per share. As a group, analysts predict that Princeton Bancorp, Inc. will post 2.98 EPS for the current fiscal year.

Princeton Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 28th. Investors of record on Tuesday, November 5th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Tuesday, November 5th. Princeton Bancorp’s payout ratio is 68.57%.

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.