Banc Funds Co. LLC Sells 26,288 Shares of Princeton Bancorp, Inc. (NASDAQ:BPRN)

Banc Funds Co. LLC lessened its stake in Princeton Bancorp, Inc. (NASDAQ:BPRN - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 314,428 shares of the company's stock after selling 26,288 shares during the quarter. Banc Funds Co. LLC owned approximately 4.59% of Princeton Bancorp worth $10,826,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BPRN. Geode Capital Management LLC increased its stake in Princeton Bancorp by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 116,891 shares of the company's stock valued at $4,025,000 after purchasing an additional 3,890 shares in the last quarter. State Street Corp grew its position in Princeton Bancorp by 1.0% in the third quarter. State Street Corp now owns 70,670 shares of the company's stock worth $2,613,000 after acquiring an additional 733 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Princeton Bancorp by 10.4% during the fourth quarter. Renaissance Technologies LLC now owns 53,688 shares of the company's stock valued at $1,848,000 after buying an additional 5,065 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Princeton Bancorp by 1.9% during the fourth quarter. Empowered Funds LLC now owns 32,772 shares of the company's stock valued at $1,128,000 after acquiring an additional 600 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Princeton Bancorp by 63.7% during the 4th quarter. JPMorgan Chase & Co. now owns 23,847 shares of the company's stock valued at $821,000 after purchasing an additional 9,279 shares in the last quarter. 43.36% of the stock is currently owned by institutional investors.

Princeton Bancorp Stock Performance

NASDAQ:BPRN remained flat at $28.45 during mid-day trading on Monday. 6,538 shares of the company's stock traded hands, compared to its average volume of 9,577. The business's 50-day moving average price is $30.47 and its two-hundred day moving average price is $33.72. Princeton Bancorp, Inc. has a one year low of $27.25 and a one year high of $39.35. The company has a market capitalization of $196.73 million, a PE ratio of 16.93 and a beta of 0.48.

Princeton Bancorp (NASDAQ:BPRN - Get Free Report) last posted its earnings results 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, equities research analysts predict that Princeton Bancorp, Inc. will post 3.35 EPS for the current fiscal year.

Princeton Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 5th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $1.20 annualized dividend and a yield of 4.22%. Princeton Bancorp's dividend payout ratio is currently 71.43%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Director Martin Tuchman purchased 22,000 shares of the firm's 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 purchase, the director now directly owns 629,141 shares of the company's stock, valued at approximately $20,579,202.11. This trade represents a 3.62 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 23.00% of the company's stock.

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.