Sequoia Financial Advisors LLC Invests $677,000 in Princeton Bancorp, Inc. (NASDAQ:BPRN)

Sequoia Financial Advisors LLC purchased a new stake in shares of Princeton Bancorp, Inc. (NASDAQ:BPRN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,668 shares of the company's stock, valued at approximately $677,000. Sequoia Financial Advisors LLC owned 0.29% of Princeton Bancorp as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in BPRN. GSA Capital Partners LLP purchased a new stake in Princeton Bancorp during the third quarter valued at about $235,000. Empowered Funds LLC lifted its holdings in Princeton Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 32,172 shares of the company's stock valued at $1,190,000 after purchasing an additional 1,608 shares during the last quarter. Princeton Capital Management LLC purchased a new stake in Princeton Bancorp during the third quarter valued at about $215,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Princeton Bancorp during the third quarter valued at about $382,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Princeton Bancorp by 6.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 14,073 shares of the company's stock worth $520,000 after buying an additional 860 shares in the last quarter. 43.36% of the stock is owned by hedge funds and other institutional investors.

Princeton Bancorp Stock Up 0.3 %

Shares of BPRN stock traded up $0.10 during trading on Friday, hitting $31.31. The company had a trading volume of 18,877 shares, compared to its average volume of 9,131. The stock's 50-day moving average is $32.03 and its two-hundred day moving average is $34.91. The stock has a market capitalization of $214.44 million, a price-to-earnings ratio of 18.64 and a beta of 0.54. Princeton Bancorp, Inc. has a 52 week low of $29.02 and a 52 week high of $39.35.

Remove Ads

Princeton Bancorp (NASDAQ:BPRN - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.11). On average, research analysts predict that Princeton Bancorp, Inc. will post 3.35 EPS for the current fiscal year.

Princeton Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 5th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Wednesday, February 5th. Princeton Bancorp's payout ratio is currently 71.43%.

Insider Buying and Selling at Princeton Bancorp

In other Princeton Bancorp news, Director Martin Tuchman purchased 22,000 shares of Princeton Bancorp stock in a transaction on Tuesday, February 11th. The shares were acquired at an average cost of $32.71 per share, for a total transaction of $719,620.00. Following the completion of the transaction, the director now directly owns 629,141 shares of the company's stock, valued at approximately $20,579,202.11. The trade was a 3.62 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 23.60% of the company's stock.

Analysts Set New Price Targets

Separately, Janney Montgomery Scott raised shares of Princeton Bancorp from a "neutral" rating to a "buy" rating and set a $35.00 price target on the stock in a report on Tuesday, February 4th.

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.