Global Wealth Management Investment Advisory Inc. Invests $235,000 in Princeton Bancorp, Inc. (NASDAQ:BPRN)

Global Wealth Management Investment Advisory Inc. bought a new stake in shares of Princeton Bancorp, Inc. (NASDAQ:BPRN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,816 shares of the company’s stock, valued at approximately $235,000. Global Wealth Management Investment Advisory Inc. owned about 0.10% of Princeton Bancorp as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Systematic Financial Management LP grew its stake in Princeton Bancorp by 11.1% during the 3rd quarter. Systematic Financial Management LP now owns 318,772 shares of the company’s stock worth $11,788,000 after buying an additional 31,777 shares during the last quarter. Banc Funds Co. LLC grew its stake in shares of Princeton Bancorp by 10.3% during the third quarter. Banc Funds Co. LLC now owns 340,716 shares of the company’s stock worth $12,600,000 after acquiring an additional 31,700 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Princeton Bancorp during the third quarter valued at about $382,000. Masso Torrence Wealth Management Inc. purchased a new position in shares of Princeton Bancorp in the 3rd quarter valued at approximately $302,000. Finally, JPMorgan Chase & Co. boosted its stake in Princeton Bancorp by 98.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,568 shares of the company’s stock worth $539,000 after purchasing an additional 7,220 shares in the last quarter. 43.36% of the stock is currently owned by institutional investors and hedge funds.

Princeton Bancorp Trading Down 4.7 %

Shares of NASDAQ:BPRN opened at $32.32 on Monday. Princeton Bancorp, Inc. has a twelve month low of $29.02 and a twelve month high of $39.35. The company has a market cap of $221.39 million, a PE ratio of 19.24 and a beta of 0.59. The company’s 50 day moving average is $34.38 and its 200 day moving average is $35.92.

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

Princeton Bancorp Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on BPRN. Hovde Group began coverage on shares of Princeton Bancorp in a report on Tuesday, November 19th. They issued a “market perform” rating and a $40.00 price target for the company. Janney Montgomery Scott upgraded Princeton Bancorp from a “neutral” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Tuesday, February 4th.

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.