Insider Buying: Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Buys 2,000 Shares of Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were purchased at an average price of $29.43 per share, with a total value of $58,860.00. Following the acquisition, the director now directly owns 90,819 shares in the company, valued at $2,672,803.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, March 15th, Martin Tuchman purchased 5,000 shares of Princeton Bancorp stock. The shares were purchased at an average price of $29.74 per share, with a total value of $148,700.00.
• On Tuesday, March 12th, Martin Tuchman purchased 3,168 shares of Princeton Bancorp stock. The shares were purchased at an average price of $29.99 per share, with a total value of $95,008.32.
• On Tuesday, February 20th, Martin Tuchman bought 172 shares of Princeton Bancorp stock. The shares were bought at an average cost of $32.00 per share, for a total transaction of $5,504.00.
• On Tuesday, February 13th, Martin Tuchman bought 5,004 shares of Princeton Bancorp stock. The shares were bought at an average cost of $31.52 per share, for a total transaction of $157,726.08.
• On Friday, February 9th, Martin Tuchman bought 2,000 shares of Princeton Bancorp stock. The shares were bought at an average cost of $31.45 per share, for a total transaction of $62,900.00.
• On Wednesday, February 7th, Martin Tuchman acquired 40 shares of Princeton Bancorp stock. The stock was acquired at an average cost of $30.65 per share, for a total transaction of $1,226.00.

Princeton Bancorp Price Performance

Shares of BPRN traded up $0.40 during mid-day trading on Thursday, hitting $30.25. The company’s stock had a trading volume of 9,166 shares, compared to its average volume of 11,924. The firm has a 50-day moving average price of $30.27 and a 200 day moving average price of $32.19. The stock has a market capitalization of $191.79 million, a price-to-earnings ratio of 7.94 and a beta of 0.60. Princeton Bancorp, Inc. has a fifty-two week low of $23.49 and a fifty-two week high of $38.19.

Princeton Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 10th will be paid a $0.30 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.20 annualized dividend and a dividend yield of 3.97%. Princeton Bancorp’s dividend payout ratio is currently 31.91%.

Hedge Funds Weigh In On Princeton Bancorp

Several hedge funds have recently made changes to their positions in BPRN. Allspring Global Investments Holdings LLC acquired a new position in shares of Princeton Bancorp in the 3rd quarter worth approximately $79,000. SG Americas Securities LLC acquired a new position in shares of Princeton Bancorp in the 4th quarter worth approximately $101,000. Ritholtz Wealth Management acquired a new position in shares of Princeton Bancorp in the 4th quarter worth approximately $218,000. LSV Asset Management boosted its holdings in shares of 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 during the period. Finally, O Shaughnessy Asset Management LLC boosted its holdings 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. Institutional investors and hedge funds own 43.36% of the company’s stock.

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.