Tower Research Capital LLC TRC Purchases 910 Shares of Princeton Bancorp, Inc. (NASDAQ:BPRN)

Tower Research Capital LLC TRC grew its position in Princeton Bancorp, Inc. (NASDAQ:BPRN) by 565.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,071 shares of the company’s stock after purchasing an additional 910 shares during the period. Tower Research Capital LLC TRC’s holdings in Princeton Bancorp were worth $37,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in BPRN. Wells Fargo & Company MN boosted its stake in Princeton Bancorp by 38.6% in the 4th quarter. Wells Fargo & Company MN now owns 3,222 shares of the company’s stock valued at $111,000 after purchasing an additional 898 shares during the period. Global Wealth Management Investment Advisory Inc. acquired a new position in shares of Princeton Bancorp in the fourth quarter valued at about $235,000. Barclays PLC grew its position in shares of Princeton Bancorp by 262.2% during the 3rd quarter. Barclays PLC now owns 6,599 shares of the company’s stock worth $244,000 after purchasing an additional 4,777 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Princeton Bancorp by 6.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,950 shares of the company’s stock valued at $377,000 after buying an additional 633 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Princeton Bancorp by 98.3% during the third quarter. JPMorgan Chase & Co. now owns 14,568 shares of the company’s stock worth $539,000 after buying an additional 7,220 shares in the last quarter. Institutional investors own 43.36% of the company’s stock.

Insider Activity at Princeton Bancorp

In related news, insider Stephanie Adkins sold 1,000 shares of Princeton Bancorp stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $31.37, for a total transaction of $31,370.00. Following the sale, the insider now directly owns 10,794 shares of the company’s stock, valued at approximately $338,607.78. The trade was a 8.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Martin Tuchman bought 2,000 shares of the firm’s stock in a transaction on Wednesday, May 7th. The shares were bought at an average cost of $31.28 per share, for a total transaction of $62,560.00. Following the purchase, the director now owns 108,582 shares of the company’s stock, valued at approximately $3,396,444.96. The trade was a 1.88% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 5,452 shares of company stock valued at $168,958 over the last ninety days. 23.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott upgraded Princeton Bancorp from a “neutral” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Tuesday, February 4th.

Princeton Bancorp Stock Down 1.7%

BPRN stock opened at $32.35 on Thursday. The business has a 50-day simple moving average of $29.96 and a 200 day simple moving average of $32.98. Princeton Bancorp, Inc. has a 52 week low of $27.25 and a 52 week high of $39.35. The company has a market cap of $223.70 million, a PE ratio of 19.26 and a beta of 0.63.

Princeton Bancorp (NASDAQ:BPRN) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. The firm had revenue of $20.95 million during the quarter, compared to the consensus estimate of $20.73 million. On average, analysts anticipate that Princeton Bancorp, Inc. will post 3.35 EPS for the current fiscal year.

Princeton Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Tuesday, May 6th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend is Tuesday, May 6th. Princeton Bancorp’s dividend payout ratio (DPR) is presently 67.80%.

Princeton Bancorp 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.