Bank of New York Mellon Corp Purchases 321 Shares of Princeton Bancorp, Inc. (NASDAQ:BPRN)

Bank of New York Mellon Corp increased its holdings in Princeton Bancorp, Inc. (NASDAQ:BPRN) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,894 shares of the company’s stock after buying an additional 321 shares during the period. Bank of New York Mellon Corp owned 0.39% of Princeton Bancorp worth $824,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Princeton Bancorp by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 301,721 shares of the company’s stock worth $9,287,000 after acquiring an additional 1,810 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Princeton Bancorp by 8.0% in the 1st quarter. Empowered Funds LLC now owns 28,404 shares of the company’s stock valued at $874,000 after purchasing an additional 2,100 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in shares of Princeton Bancorp in the 1st quarter worth about $441,000. 43.36% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Princeton Bancorp

In other Princeton Bancorp news, Director Robert N. Ridolfi sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $38.00, for a total transaction of $38,000.00. Following the sale, the director now owns 12,500 shares in the company, valued at approximately $475,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Robert N. Ridolfi sold 1,000 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $38.00, for a total value of $38,000.00. Following the transaction, the director now owns 12,500 shares of the company’s stock, valued at $475,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stephanie Adkins sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $35.10, for a total value of $70,200.00. Following the completion of the sale, the insider now owns 7,377 shares in the company, valued at $258,932.70. The disclosure for this sale can be found here. Corporate insiders own 23.00% of the company’s stock.

Princeton Bancorp Stock Up 0.3 %

Shares of BPRN opened at $38.21 on Monday. Princeton Bancorp, Inc. has a 52 week low of $28.10 and a 52 week high of $39.21. The business’s 50 day moving average price is $36.59 and its 200-day moving average price is $32.78. The stock has a market cap of $241.45 million, a P/E ratio of 10.16 and a beta of 0.59.

Princeton Bancorp (NASDAQ:BPRN) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. The business had revenue of $31.50 million for the quarter, compared to the consensus estimate of $17.77 million. On average, equities analysts anticipate that Princeton Bancorp, Inc. will post 2.97 EPS for the current year.

Princeton Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 9th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.14%. Princeton Bancorp’s dividend payout ratio is currently 31.91%.

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.