Alliancebernstein L.P. Has $16.58 Million Stock Position in Princeton Bancorp, Inc. $BPRN

Alliancebernstein L.P. reduced its position in Princeton Bancorp, Inc. (NASDAQ:BPRN) by 0.4% in the 1st quarter, Holdings Channel reports. The firm owned 542,647 shares of the company’s stock after selling 2,364 shares during the quarter. Alliancebernstein L.P. owned about 0.08% of Princeton Bancorp worth $16,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BPRN. Charles Schwab Investment Management Inc. lifted its position in shares of Princeton Bancorp by 3.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,573 shares of the company’s stock worth $445,000 after buying an additional 500 shares during the period. Tower Research Capital LLC TRC grew its holdings in Princeton Bancorp by 565.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,071 shares of the company’s stock worth $37,000 after acquiring an additional 910 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Princeton Bancorp by 5.3% in the first quarter. Bank of New York Mellon Corp now owns 21,460 shares of the company’s stock valued at $656,000 after purchasing an additional 1,077 shares in the last quarter. Global Wealth Management Investment Advisory Inc. raised its position in shares of Princeton Bancorp by 15.9% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 7,902 shares of the company’s stock worth $241,000 after acquiring an additional 1,086 shares during the last quarter. Finally, Roundview Capital LLC raised its holdings in Princeton Bancorp by 2.4% during the 1st quarter. Roundview Capital LLC now owns 53,792 shares of the company’s stock worth $1,643,000 after purchasing an additional 1,250 shares during the last quarter. Institutional investors own 43.36% of the company’s stock.

Princeton Bancorp Trading Up 1.8%

Shares of NASDAQ BPRN opened at $32.78 on Friday. The firm has a market cap of $221.27 million, a PE ratio of 30.64 and a beta of 0.66. The company has a fifty day moving average price of $32.36 and a 200 day moving average price of $31.09. Princeton Bancorp, Inc. has a 1-year low of $27.25 and a 1-year high of $39.35.

Princeton Bancorp (NASDAQ:BPRN) last announced its earnings results on Thursday, July 24th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.12. The firm had revenue of $21.06 million during the quarter, compared to analyst estimates of $19.25 million. Equities research analysts forecast that Princeton Bancorp, Inc. will post 3.35 EPS for the current year.

Princeton Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Wednesday, August 6th were issued a $0.30 dividend. The ex-dividend date was Wednesday, August 6th. This represents a $1.20 annualized dividend and a dividend yield of 3.7%. Princeton Bancorp’s dividend payout ratio (DPR) is presently 112.15%.

Insiders Place Their Bets

In other news, Director Stephen Distler sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $33.00, for a total transaction of $330,000.00. Following the sale, the director owned 90,296 shares in the company, valued at $2,979,768. This represents a 9.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Judith A. Giacin sold 1,300 shares of the company’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $30.08, for a total transaction of $39,104.00. Following the sale, the director directly owned 24,489 shares in the company, valued at $736,629.12. This trade represents a 5.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have purchased 13,961 shares of company stock valued at $450,190 in the last 90 days. 23.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Princeton Bancorp from a “sell” rating to a “hold” rating in a research note on Sunday, June 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.50.

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.