Princeton Bancorp, Inc. (NASDAQ:BPRN) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in Princeton Bancorp, Inc. (NASDAQ:BPRN) by 2.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 113,001 shares of the company’s stock after acquiring an additional 3,078 shares during the period. Geode Capital Management LLC owned approximately 1.78% of Princeton Bancorp worth $4,179,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Copeland Capital Management LLC purchased a new stake in shares of Princeton Bancorp during the 3rd quarter valued at $47,000. Princeton Capital Management LLC purchased a new stake in Princeton Bancorp during the third quarter valued at about $215,000. GSA Capital Partners LLP acquired a new stake in Princeton Bancorp during the third quarter worth about $235,000. Barclays PLC increased its stake in Princeton Bancorp by 262.2% during the third quarter. Barclays PLC now owns 6,599 shares of the company’s stock worth $244,000 after acquiring an additional 4,777 shares during the last quarter. Finally, Masso Torrence Wealth Management Inc. purchased a new position in shares of Princeton Bancorp in the 3rd quarter worth about $302,000. 43.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Hovde Group initiated coverage on Princeton Bancorp in a report on Tuesday, November 19th. They set a “market perform” rating and a $40.00 target price for the company.

Princeton Bancorp Stock Up 1.2 %

Princeton Bancorp stock opened at $34.31 on Monday. The firm has a fifty day moving average of $36.50 and a 200-day moving average of $36.06. Princeton Bancorp, Inc. has a 52-week low of $29.02 and a 52-week high of $39.35. The firm has a market capitalization of $234.99 million, a P/E ratio of 19.61 and a beta of 0.61.

Princeton Bancorp (NASDAQ:BPRN) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.06). The company had revenue of $33.87 million for the quarter, compared to analysts’ expectations of $19.30 million. During the same period last year, the business posted $0.80 earnings per share. On average, research analysts expect that Princeton Bancorp, Inc. will post 2.98 EPS for the current fiscal year.

Princeton Bancorp Announces Dividend

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

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.