Dimensional Fund Advisors LP Has $3.74 Million Stake in Princeton Bancorp, Inc. (NASDAQ:BPRN)

Dimensional Fund Advisors LP boosted its stake in shares of Princeton Bancorp, Inc. (NASDAQ:BPRN) by 9.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,090 shares of the company’s stock after purchasing an additional 9,990 shares during the quarter. Dimensional Fund Advisors LP owned about 1.79% of Princeton Bancorp worth $3,742,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new stake in shares of Princeton Bancorp during the 1st quarter worth $441,000. LSV Asset Management grew its position in shares of Princeton Bancorp by 66.5% in the second quarter. LSV Asset Management now owns 24,635 shares of the company’s stock valued at $815,000 after purchasing an additional 9,835 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of 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 during the last quarter. Empowered Funds LLC boosted its stake in Princeton Bancorp by 8.0% during the 1st quarter. Empowered Funds LLC now owns 28,404 shares of the company’s stock valued at $874,000 after purchasing an additional 2,100 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in Princeton Bancorp by 1.5% in the 2nd quarter. Acadian Asset Management LLC now owns 79,958 shares of the company’s stock valued at $2,644,000 after buying an additional 1,202 shares during the last quarter. Institutional investors and hedge funds own 43.36% of the company’s stock.

Insiders Place Their Bets

In other news, insider Stephanie Adkins sold 2,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $35.10, for a total value of $70,200.00. Following the completion of the transaction, the insider now owns 7,377 shares in the company, valued at approximately $258,932.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Robert N. Ridolfi sold 1,000 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $38.00, for a total transaction of $38,000.00. Following the transaction, the director now owns 12,500 shares in the company, valued at $475,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephanie Adkins sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $35.10, for a total transaction of $70,200.00. Following the transaction, the insider now owns 7,377 shares in the company, valued at $258,932.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 23.00% of the company’s stock.

Princeton Bancorp Trading Up 0.2 %

Shares of BPRN stock opened at $37.44 on Friday. The firm has a market capitalization of $236.58 million, a P/E ratio of 9.94 and a beta of 0.58. The firm’s fifty day simple moving average is $36.44 and its 200 day simple moving average is $33.33. Princeton Bancorp, Inc. has a 1 year low of $28.44 and a 1 year high of $39.21.

Princeton Bancorp (NASDAQ:BPRN) last released its earnings results on Thursday, July 25th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.11. The firm had revenue of $31.50 million for the quarter, compared to analyst estimates of $17.77 million. Equities research analysts anticipate that Princeton Bancorp, Inc. will post 2.97 EPS for the current fiscal year.

Princeton Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 9th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.21%. Princeton Bancorp’s payout ratio is 31.91%.

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.