Systematic Financial Management LP Grows Position in Princeton Bancorp, Inc. (NASDAQ:BPRN)

Systematic Financial Management LP grew its stake in shares of Princeton Bancorp, Inc. (NASDAQ:BPRN - Free Report) by 11.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 318,772 shares of the company's stock after purchasing an additional 31,777 shares during the quarter. Systematic Financial Management LP owned approximately 5.02% of Princeton Bancorp worth $11,788,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Copeland Capital Management LLC bought a new position in shares of Princeton Bancorp during the third quarter valued at approximately $47,000. Princeton Capital Management LLC bought a new position in shares of Princeton Bancorp during the third quarter valued at approximately $215,000. GSA Capital Partners LLP bought a new position in shares of Princeton Bancorp during the third quarter valued at approximately $235,000. Masso Torrence Wealth Management Inc. bought a new position in shares of Princeton Bancorp during the third quarter valued at approximately $302,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Princeton Bancorp during the third quarter valued at approximately $382,000. Hedge funds and other institutional investors own 43.36% of the company's stock.

Princeton Bancorp Trading Up 0.1 %

BPRN traded up $0.03 during trading on Friday, reaching $38.40. The stock had a trading volume of 4,996 shares, compared to its average volume of 10,408. The stock's 50 day moving average is $37.02 and its two-hundred day moving average is $35.33. The company has a market capitalization of $263.04 million, a price-to-earnings ratio of 21.94 and a beta of 0.60. Princeton Bancorp, Inc. has a one year low of $29.02 and a one year high of $39.35.

Princeton Bancorp (NASDAQ:BPRN - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.06). The business had revenue of $33.87 million during the quarter, compared to analyst estimates of $19.30 million. During the same period last year, the business posted $0.80 EPS. On average, equities research analysts predict that Princeton Bancorp, Inc. will post 2.98 earnings per share for the current year.

Princeton Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 28th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, November 5th. This represents a $1.20 annualized dividend and a dividend yield of 3.13%. Princeton Bancorp's payout ratio is presently 68.57%.

Analyst Ratings Changes

Separately, Hovde Group began coverage on Princeton Bancorp in a report on Tuesday, November 19th. They set a "market perform" rating and a $40.00 target price for the company.

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.