Princeton Bancorp, Inc. (NASDAQ:BPRN) director Stephen Distler has sold a total of 7,000 shares of the company's common stock, according to a recent SEC filing. The transaction, which took place on July 30, 2024, resulted in a total sale value of $262,220, with the shares being sold at a price of $37.46 each.
The sale has adjusted Distler's direct holdings in the company to 89,046 shares of common stock. Additionally, indirect holdings through a family limited partnership account for 33,446 shares, and another 45,000 shares are held indirectly by MLPFS as a custodian for an IRA.
Investors often monitor insider transactions as they can provide insights into an executive's confidence in the company's prospects. While sales can occur for various personal reasons, they are always of interest to the investment community. It's important to note that following this transaction, Distler still maintains a significant stake in Princeton Bancorp, indicating a continued vested interest in the bank's performance.
Princeton Bancorp, based in Pennsylvania, operates as a state commercial bank and has been serving its community with a range of financial services. The recent transaction is part of the regular reporting that insiders must file with the SEC, and it provides transparency into the trading activities of the company's executives and major shareholders.
InvestingPro Insights
Princeton Bancorp, Inc. (NASDAQ:BPRN) has recently witnessed insider trading activity, which is always a point of interest for investors. As part of the ongoing analysis of the company's financial health and stock performance, it is essential to consider the latest data and insights from InvestingPro.
InvestingPro Data reveals that Princeton Bancorp currently has a market capitalization of $247.26 million and trades with a P/E ratio of 10.91, which is slightly adjusted to 11.7 based on the last twelve months as of Q2 2024. The company's revenue growth for the same period was a modest 1.17%, while the quarterly revenue growth showed a more dynamic increase of 20.61%.
In terms of performance, Princeton Bancorp has achieved a strong return over the last month, with a 1-month price total return of 16.8%, and an even more impressive 3-month price total return of 33.95%. Additionally, the stock is trading near its 52-week high, with the price at 98.52% of this peak.
InvestingPro Tips for Princeton Bancorp highlight several key aspects of the company's stock. The company has a commendable record of raising its dividend for six consecutive years, which is a positive indicator for investors seeking income through dividends. Moreover, analysts predict that the company will be profitable this year, which is corroborated by the company being profitable over the last twelve months.
For those looking to delve deeper into Princeton Bancorp's financials and stock analysis, InvestingPro offers additional tips. Currently, there are 9 more InvestingPro Tips available, which can provide further insights into the company's stock performance and financial health. To explore these tips, investors can visit https://www.investing.com/pro/BPRN.
In summary, despite the insider selling activity, Princeton Bancorp's continued profitability, strong recent returns, and consistent dividend growth present a mixed picture that investors should consider as part of their overall investment strategy.
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