Empowered Funds LLC Acquires 600 Shares of Princeton Bancorp, Inc. (NASDAQ:BPRN)

Empowered Funds LLC grew its holdings in shares of Princeton Bancorp, Inc. (NASDAQ:BPRN) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,772 shares of the company’s stock after acquiring an additional 600 shares during the period. Empowered Funds LLC owned about 0.48% of Princeton Bancorp worth $1,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of BPRN. Copeland Capital Management LLC bought a new stake in Princeton Bancorp during the third quarter valued at about $47,000. Princeton Capital Management LLC bought a new position in shares of Princeton Bancorp during the 3rd quarter valued at approximately $215,000. Wilmington Savings Fund Society FSB purchased a new stake in Princeton Bancorp in the 3rd quarter worth approximately $222,000. GSA Capital Partners LLP bought a new stake in Princeton Bancorp during the 3rd quarter worth approximately $235,000. Finally, Barclays PLC lifted its holdings in Princeton Bancorp by 262.2% during the third quarter. Barclays PLC now owns 6,599 shares of the company’s stock valued at $244,000 after purchasing an additional 4,777 shares in the last quarter. 43.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BPRN has been the topic of a number of analyst reports. 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 target price on the stock. Janney Montgomery Scott upgraded Princeton Bancorp from a “neutral” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Tuesday, February 4th.

Insider Activity

In related news, Director Martin Tuchman acquired 22,000 shares of Princeton Bancorp stock in a transaction on Tuesday, February 11th. The shares were bought at an average cost of $32.71 per share, with a total value of $719,620.00. Following the completion of the purchase, the director now directly owns 629,141 shares of the company’s stock, valued at $20,579,202.11. The trade was a 3.62 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 23.00% of the company’s stock.

Princeton Bancorp Trading Up 0.2 %

Shares of Princeton Bancorp stock opened at $31.82 on Monday. Princeton Bancorp, Inc. has a 12 month low of $29.02 and a 12 month high of $39.35. The stock has a 50 day moving average of $33.76 and a 200 day moving average of $35.72. The firm has a market cap of $217.97 million, a PE ratio of 18.94 and a beta of 0.59.

Princeton Bancorp (NASDAQ:BPRN) last posted its earnings results on Tuesday, January 28th. The company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.11). As a group, equities research analysts forecast that Princeton Bancorp, Inc. will post 3.35 earnings per share for the current fiscal year.

Princeton Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 5th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, February 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.77%. Princeton Bancorp’s dividend payout ratio (DPR) is presently 71.43%.

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.