10,317 Shares in Princeton Bancorp, Inc. (NASDAQ:BPRN) Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Princeton Bancorp, Inc. (NASDAQ:BPRN) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 10,317 shares of the company’s stock, valued at approximately $382,000.

Several other large investors have also added to or reduced their stakes in BPRN. Princeton Capital Management LLC bought a new stake in shares of Princeton Bancorp during the 3rd quarter valued at $215,000. Empowered Funds LLC raised its holdings in Princeton Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 32,172 shares of the company’s stock valued at $1,190,000 after acquiring an additional 1,608 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Princeton Bancorp in the third quarter valued at about $235,000. Masso Torrence Wealth Management Inc. purchased a new position in shares of Princeton Bancorp in the third quarter valued at about $302,000. Finally, Copeland Capital Management LLC bought a new position in shares of Princeton Bancorp in the third quarter worth about $47,000. Hedge funds and other institutional investors own 43.36% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Hovde Group assumed coverage on Princeton Bancorp in a research note on Tuesday, November 19th. They set a “market perform” rating and a $40.00 target price on the stock.

Princeton Bancorp Stock Performance

BPRN stock opened at $37.07 on Friday. The company’s fifty day moving average price is $36.91 and its 200-day moving average price is $35.11. Princeton Bancorp, Inc. has a one year low of $29.02 and a one year high of $39.35. The company has a market capitalization of $253.89 million, a PE ratio of 21.18 and a beta of 0.59.

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

Princeton Bancorp Dividend Announcement

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

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.