Cambridge Investment Research Advisors Inc. Sells 4,824 Shares of Princeton Bancorp, Inc. (NASDAQ:BPRN)

Cambridge Investment Research Advisors Inc. lowered its holdings in Princeton Bancorp, Inc. (NASDAQ:BPRN – Get Rating) by 21.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,641 shares of the company’s stock after selling 4,824 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.27% of Princeton Bancorp worth $560,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in BPRN. Alliancebernstein L.P. lifted its stake in shares of Princeton Bancorp by 3.5% during the 3rd quarter. Alliancebernstein L.P. now owns 463,074 shares of the company’s stock worth $13,128,000 after buying an additional 15,544 shares during the last quarter. First Manhattan Co. grew its holdings in Princeton Bancorp by 20.0% during the 3rd quarter. First Manhattan Co. now owns 15,000 shares of the company’s stock worth $425,000 after acquiring an additional 2,500 shares during the last quarter. Systematic Financial Management LP lifted its position in shares of Princeton Bancorp by 1.6% in the 3rd quarter. Systematic Financial Management LP now owns 322,575 shares of the company’s stock worth $9,145,000 after purchasing an additional 5,182 shares during the period. Royal Bank of Canada lifted its position in shares of Princeton Bancorp by 11.9% in the 3rd quarter. Royal Bank of Canada now owns 6,294 shares of the company’s stock worth $179,000 after purchasing an additional 667 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Princeton Bancorp by 8.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,191 shares of the company’s stock valued at $232,000 after acquiring an additional 654 shares during the period. Institutional investors and hedge funds own 37.53% of the company’s stock.

Princeton Bancorp Trading Up 1.2 %

Shares of BPRN stock opened at $25.10 on Thursday. The firm has a market capitalization of $157.18 million, a PE ratio of 6.05 and a beta of 0.57. The firm has a fifty day simple moving average of $29.36 and a two-hundred day simple moving average of $31.76. Princeton Bancorp, Inc. has a 12 month low of $23.49 and a 12 month high of $37.60.

Princeton Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Stockholders of record on Tuesday, May 9th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date is Monday, May 8th. Princeton Bancorp’s payout ratio is 28.92%.

About Princeton Bancorp

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Princeton Bancorp, Inc operates as a bank holding company. It is a full-service financial institution that provides business and personal banking. It offers traditional retail banking services, one-to-four-family residential mortgage loans, multi-family and commercial mortgage loans, construction loans, commercial business loans, and consumer loans, including home equity loans and lines of credit.