Empowered Funds LLC Has $1.19 Million Holdings in Princeton Bancorp, Inc. (NASDAQ:BPRN)

Empowered Funds LLC increased its position in shares of Princeton Bancorp, Inc. (NASDAQ:BPRN) by 5.3% during the third quarter, Holdings Channel reports. The fund owned 32,172 shares of the company’s stock after acquiring an additional 1,608 shares during the quarter. Empowered Funds LLC’s holdings in Princeton Bancorp were worth $1,190,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Quadrature Capital Ltd acquired a new stake in shares of Princeton Bancorp during the first quarter valued at approximately $441,000. Vanguard Group Inc. grew its position in Princeton Bancorp by 0.6% during 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 in the last quarter. Acadian Asset Management LLC grew its position in Princeton Bancorp by 1.5% during the second quarter. Acadian Asset Management LLC now owns 79,958 shares of the company’s stock valued at $2,644,000 after purchasing an additional 1,202 shares in the last quarter. LSV Asset Management grew its position in Princeton Bancorp by 66.5% during the second 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 in the last quarter. Finally, Renaissance Technologies LLC grew its position in Princeton Bancorp by 4.5% during the second quarter. Renaissance Technologies LLC now owns 41,523 shares of the company’s stock valued at $1,374,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors and hedge funds own 43.36% of the company’s stock.

Princeton Bancorp Stock Performance

Shares of BPRN opened at $36.88 on Friday. The company’s 50 day moving average price is $36.94 and its 200 day moving average price is $34.83. Princeton Bancorp, Inc. has a 52 week low of $29.02 and a 52 week high of $39.35. The company has a market capitalization of $252.59 million, a PE ratio of 21.07 and a beta of 0.59.

Princeton Bancorp (NASDAQ:BPRN) last posted its earnings results 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 the consensus estimate of $19.30 million. During the same period last year, the company earned $0.80 earnings per share. On average, equities analysts forecast that Princeton Bancorp, Inc. will post 2.98 earnings per share for the current fiscal year.

Princeton Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 28th. Shareholders of record on Tuesday, November 5th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Tuesday, November 5th. Princeton Bancorp’s dividend payout ratio is 68.57%.

Analysts Set New Price Targets

Separately, Hovde Group began coverage on shares of Princeton Bancorp in a research report on Tuesday. They set a “market perform” rating and a $40.00 price objective on the stock.

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.