Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman Buys 2,000 Shares

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was bought at an average price of $29.43 per share, with a total value of $58,860.00. Following the completion of the transaction, the director now directly owns 90,819 shares of the company’s stock, valued at approximately $2,672,803.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

Princeton Bancorp Stock Up 0.6 %

Princeton Bancorp stock opened at $30.44 on Friday. The firm has a fifty day simple moving average of $30.25 and a two-hundred day simple moving average of $32.18. Princeton Bancorp, Inc. has a twelve month low of $23.49 and a twelve month high of $38.19. The company has a market capitalization of $192.99 million, a PE ratio of 8.10 and a beta of 0.60.

Princeton Bancorp Dividend Announcement

The business also recently announced 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date is Thursday, May 9th. Princeton Bancorp’s dividend payout ratio (DPR) is presently 31.91%.

Institutional Investors Weigh In On Princeton Bancorp

Institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of Princeton Bancorp during the third quarter valued at approximately $79,000. SG Americas Securities LLC bought a new stake in Princeton Bancorp during the 4th quarter valued at $101,000. Ritholtz Wealth Management purchased a new stake in Princeton Bancorp during the 4th quarter valued at $218,000. LSV Asset Management grew its holdings in Princeton Bancorp by 17.6% in the 3rd quarter. LSV Asset Management now owns 14,700 shares of the company’s stock worth $426,000 after acquiring an additional 2,200 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position 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 valued at $442,000 after acquiring an additional 2,602 shares during the period. 43.36% of the stock is currently owned by hedge funds and other institutional investors.

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.