Barclays PLC Boosts Stake in Princeton Bancorp, Inc. (NASDAQ:BPRN)

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

Several other institutional investors also recently modified their holdings of BPRN. Copeland Capital Management LLC bought a new stake in Princeton Bancorp during the third quarter worth $47,000. Princeton Capital Management LLC bought a new stake in shares of Princeton Bancorp during the 3rd quarter worth $215,000. GSA Capital Partners LLP bought a new stake in shares of Princeton Bancorp during the 3rd quarter worth $235,000. Masso Torrence Wealth Management Inc. purchased a new position in shares of Princeton Bancorp in the 3rd quarter worth about $302,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Princeton Bancorp during the third quarter valued at about $382,000. 43.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Princeton Bancorp Trading Up 0.9 %

Princeton Bancorp stock opened at $33.13 on Tuesday. The business’s 50 day simple moving average is $35.76 and its 200 day simple moving average is $36.21. Princeton Bancorp, Inc. has a 12 month low of $29.02 and a 12 month high of $39.35. The company has a market cap of $226.94 million, a price-to-earnings ratio of 18.93 and a beta of 0.61.

Princeton Bancorp (NASDAQ:BPRN) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $19.30 million. During the same quarter in the previous year, the company earned $0.80 earnings per share. 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 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.