Masso Torrence Wealth Management Inc. Makes New $302,000 Investment in Princeton Bancorp, Inc. (NASDAQ:BPRN)

Masso Torrence Wealth Management Inc. acquired a new stake in shares of Princeton Bancorp, Inc. (NASDAQ:BPRN) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,164 shares of the company’s stock, valued at approximately $302,000.

Several other institutional investors have also bought and sold shares of the stock. Copeland Capital Management LLC bought a new stake in shares of Princeton Bancorp during the 3rd quarter worth about $47,000. Renaissance Technologies LLC lifted its position in Princeton Bancorp by 4.5% in the second quarter. Renaissance Technologies LLC now owns 41,523 shares of the company’s stock worth $1,374,000 after purchasing an additional 1,800 shares during the period. Dimensional Fund Advisors LP boosted its stake in Princeton Bancorp by 9.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 113,090 shares of the company’s stock valued at $3,742,000 after purchasing an additional 9,990 shares in the last quarter. LSV Asset Management increased its position in shares of Princeton Bancorp by 66.5% during the 2nd 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 period. Finally, Acadian Asset Management LLC raised its stake in shares of Princeton Bancorp by 1.5% in the 2nd quarter. Acadian Asset Management LLC now owns 79,958 shares of the company’s stock worth $2,644,000 after buying an additional 1,202 shares in the last quarter. Institutional investors and hedge funds own 43.36% of the company’s stock.

Insiders Place Their Bets

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

Princeton Bancorp Price Performance

Shares of Princeton Bancorp stock traded down $0.11 during trading on Friday, hitting $36.30. The stock had a trading volume of 4,052 shares, compared to its average volume of 10,562. The business has a fifty day moving average of $36.70 and a two-hundred day moving average of $33.79. The firm has a market cap of $229.38 million, a P/E ratio of 9.65 and a beta of 0.58. Princeton Bancorp, Inc. has a fifty-two week low of $28.44 and a fifty-two week high of $39.21.

Princeton Bancorp (NASDAQ:BPRN) last released its earnings results on Thursday, July 25th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.11. The business had revenue of $31.50 million during the quarter, compared to the consensus estimate of $17.77 million. As a group, research analysts forecast that Princeton Bancorp, Inc. will post 2.94 earnings per share for the current year.

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.