6,816 Shares in Princeton Bancorp, Inc. (NASDAQ:BPRN) Purchased by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. purchased a new position in shares of Princeton Bancorp, Inc. (NASDAQ:BPRN) during the fourth quarter, Holdings Channel reports. The firm purchased 6,816 shares of the company’s stock, valued at approximately $235,000.

Several other institutional investors also recently bought and sold shares of BPRN. Copeland Capital Management LLC acquired a new position in Princeton Bancorp during the third quarter worth $47,000. Masso Torrence Wealth Management Inc. acquired a new position in shares of Princeton Bancorp during the 3rd quarter worth about $302,000. GSA Capital Partners LLP purchased a new position in Princeton Bancorp in the 3rd quarter valued at about $235,000. Empowered Funds LLC boosted its holdings in Princeton Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 32,172 shares of the company’s stock worth $1,190,000 after buying an additional 1,608 shares during the last quarter. Finally, Princeton Capital Management LLC acquired a new stake in Princeton Bancorp in the 3rd quarter worth about $215,000. 43.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Janney Montgomery Scott upgraded Princeton Bancorp from a “neutral” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Tuesday, February 4th. Hovde Group started coverage on Princeton Bancorp in a report on Tuesday, November 19th. They issued a “market perform” rating and a $40.00 price objective on the stock.

Princeton Bancorp Stock Down 4.7 %

Shares of NASDAQ:BPRN opened at $32.32 on Monday. Princeton Bancorp, Inc. has a 52-week low of $29.02 and a 52-week high of $39.35. The stock has a market cap of $221.39 million, a P/E ratio of 19.24 and a beta of 0.59. The business has a fifty day moving average of $34.38 and a two-hundred day moving average of $35.92.

Princeton Bancorp (NASDAQ:BPRN) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.11). On average, equities analysts anticipate that Princeton Bancorp, Inc. will post 3.35 earnings per share for the current year.

Princeton Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 5th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Wednesday, February 5th. Princeton Bancorp’s payout ratio is presently 71.43%.

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.