Banc Funds Co. LLC Increases Holdings in Princeton Bancorp, Inc. (NASDAQ:BPRN)

Banc Funds Co. LLC boosted its position in Princeton Bancorp, Inc. (NASDAQ:BPRN) by 10.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 340,716 shares of the company’s stock after purchasing an additional 31,700 shares during the period. Princeton Bancorp comprises 1.4% of Banc Funds Co. LLC’s investment portfolio, making the stock its 26th biggest position. Banc Funds Co. LLC owned approximately 0.05% of Princeton Bancorp worth $12,600,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BPRN. Vanguard Group Inc. grew its holdings in Princeton Bancorp by 0.6% in the first quarter. Vanguard Group Inc. now owns 301,721 shares of the company’s stock valued at $9,287,000 after purchasing an additional 1,810 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Princeton Bancorp by 9.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 113,090 shares of the company’s stock worth $3,742,000 after buying an additional 9,990 shares in the last quarter. Acadian Asset Management LLC grew its stake in Princeton Bancorp by 1.5% in the 2nd quarter. Acadian Asset Management LLC now owns 79,958 shares of the company’s stock valued at $2,644,000 after acquiring an additional 1,202 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Princeton Bancorp by 4.5% during the 2nd quarter. Renaissance Technologies LLC now owns 41,523 shares of the company’s stock valued at $1,374,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Empowered Funds LLC raised its position in Princeton Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 32,172 shares of the company’s stock worth $1,190,000 after acquiring an additional 1,608 shares during the last quarter. 43.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Hovde Group started coverage on shares of Princeton Bancorp in a research report on Tuesday, November 19th. They issued a “market perform” rating and a $40.00 price target on the stock.

Princeton Bancorp Stock Down 1.7 %

NASDAQ BPRN opened at $37.07 on Monday. Princeton Bancorp, Inc. has a fifty-two week low of $29.02 and a fifty-two week high of $39.35. The business has a fifty day moving average of $36.91 and a 200-day moving average of $35.14. The stock has a market cap of $253.93 million, a price-to-earnings ratio of 21.18 and a beta of 0.59.

Princeton Bancorp (NASDAQ:BPRN) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.06). The company had revenue of $33.87 million during the quarter, compared to analysts’ expectations of $19.30 million. During the same period in the previous year, the company posted $0.80 EPS. As a group, analysts anticipate that Princeton Bancorp, Inc. will post 2.98 EPS for the current year.

Princeton Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 28th. Investors of record on Tuesday, November 5th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.24%. The ex-dividend date was Tuesday, November 5th. Princeton Bancorp’s payout ratio is 68.57%.

Princeton Bancorp Company 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.