Barclays PLC Purchases 4,777 Shares of Princeton Bancorp, Inc. (NASDAQ:BPRN)

Barclays PLC boosted its position in shares of Princeton Bancorp, Inc. (NASDAQ:BPRN) by 262.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,599 shares of the company’s stock after purchasing an additional 4,777 shares during the period. Barclays PLC owned about 0.10% of Princeton Bancorp worth $244,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BPRN. Bank of New York Mellon Corp increased its holdings in Princeton Bancorp by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 24,894 shares of the company’s stock worth $824,000 after purchasing an additional 321 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Princeton Bancorp by 1.5% during the 2nd quarter. Acadian Asset Management LLC now owns 79,958 shares of the company’s stock worth $2,644,000 after purchasing an additional 1,202 shares in the last quarter. LSV Asset Management increased its holdings in Princeton Bancorp by 66.5% during the 2nd quarter. LSV Asset Management now owns 24,635 shares of the company’s stock worth $815,000 after purchasing an additional 9,835 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Princeton Bancorp by 9.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 113,090 shares of the company’s stock worth $3,742,000 after purchasing an additional 9,990 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Princeton Bancorp by 4.5% during the 2nd quarter. Renaissance Technologies LLC now owns 41,523 shares of the company’s stock worth $1,374,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors own 43.36% of the company’s stock.

Analysts Set New Price Targets

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

Princeton Bancorp Price Performance

Princeton Bancorp stock opened at $34.31 on Monday. The firm has a 50-day moving average of $36.50 and a 200-day moving average of $36.06. Princeton Bancorp, Inc. has a one year low of $29.02 and a one year high of $39.35. The company has a market cap of $234.99 million, a price-to-earnings ratio of 19.61 and a beta of 0.61.

Princeton Bancorp (NASDAQ:BPRN) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.06). The firm had revenue of $33.87 million for the quarter, compared to the consensus estimate of $19.30 million. During the same period last year, the company posted $0.80 EPS. As a group, sell-side analysts expect that Princeton Bancorp, Inc. will post 2.98 earnings per share for the current year.

Princeton Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 28th. Stockholders of record on Tuesday, November 5th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, November 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.50%. Princeton Bancorp’s dividend payout ratio is 68.57%.

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.