GSA Capital Partners LLP Invests $235,000 in Princeton Bancorp, Inc. (NASDAQ:BPRN)

GSA Capital Partners LLP acquired a new position in shares of Princeton Bancorp, Inc. (NASDAQ:BPRN) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,347 shares of the company’s stock, valued at approximately $235,000. GSA Capital Partners LLP owned about 0.10% of Princeton Bancorp as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Copeland Capital Management LLC bought a new stake in Princeton Bancorp during the third quarter worth about $47,000. Masso Torrence Wealth Management Inc. bought a new stake in Princeton Bancorp in the 3rd quarter worth approximately $302,000. Quadrature Capital Ltd purchased a new stake in Princeton Bancorp in the first quarter worth approximately $441,000. LSV Asset Management grew its position in Princeton Bancorp by 66.5% during the second quarter. LSV Asset Management now owns 24,635 shares of the company’s stock valued at $815,000 after acquiring an additional 9,835 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Princeton Bancorp by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 24,894 shares of the company’s stock worth $824,000 after acquiring an additional 321 shares in the last quarter. 43.36% of the stock is currently owned by hedge funds and other institutional investors.

Princeton Bancorp Trading Down 0.0 %

NASDAQ BPRN opened at $36.88 on Monday. The firm has a market cap of $252.63 million, a PE ratio of 21.07 and a beta of 0.59. Princeton Bancorp, Inc. has a 1-year low of $29.02 and a 1-year high of $39.35. The stock has a 50-day moving average of $36.94 and a 200-day moving average of $34.89.

Princeton Bancorp (NASDAQ:BPRN) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.06). The business had revenue of $33.87 million during the quarter, compared to analysts’ expectations of $19.30 million. During the same period in the prior year, the firm earned $0.80 EPS. As a group, equities research analysts forecast that Princeton Bancorp, Inc. will post 2.98 earnings per share for the current fiscal year.

Princeton Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 28th. Shareholders of record on Tuesday, November 5th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Tuesday, November 5th. Princeton Bancorp’s payout ratio is 68.57%.

Analyst Upgrades and Downgrades

Separately, Hovde Group assumed coverage on shares of Princeton Bancorp in a research note on Tuesday, November 19th. They issued a “market perform” rating and a $40.00 price objective for the company.

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.