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Princeton Bancorp chief lending officer sells shares worth over $28k

Published 05/29/2024, 11:07 AM
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Princeton Bancorp, Inc. (NASDAQ:BPRN) Chief Lending Officer, Stephanie Adkins, has sold 947 shares of company stock at a price of $30.25 per share, according to a recent SEC filing. The transaction, dated May 28, 2024, resulted in a total sale amount of $28,646.75.

The sale by Adkins, who serves as an officer of the state commercial bank, comes as part of her personal financial transactions. Following the sale, Adkins retains ownership of 9,737 shares of Princeton Bancorp, indicating her continued investment in the company's future.

Investors often monitor the buying and selling activities of company insiders as these transactions can provide insights into their perspective on the company's current valuation and future prospects. The transactions are publicly disclosed to ensure transparency and provide investors with relevant information for making informed decisions.

Princeton Bancorp, based in Pennsylvania, operates within the financial sector and is classified under state commercial banks. The company's business address is c/o Stevens & Lee, P.C., 111 North Sixth Street, Reading, PA, 19603, and it can be contacted at (609) 921-1700.

Details of the transaction were filed with the SEC and are accessible to the public for review. Stephanie Adkins' signature on the document was provided by Edward Hogan, as her attorney-in-fact.

InvestingPro Insights

Amidst the news of Stephanie Adkins' sale of Princeton Bancorp (NASDAQ:BPRN) shares, investors looking to understand the company's financial health might consider the latest data from InvestingPro. Princeton Bancorp currently holds a market capitalization of $192.04 million and exhibits a Price-to-Earnings (P/E) ratio of 8, indicating that the company's shares might be reasonably valued compared to its earnings. The adjusted P/E ratio for the last twelve months as of Q1 2024 stands at 9.25.

Despite recent insider sales, an InvestingPro Tip highlights that Princeton Bancorp has a history of rewarding its shareholders, having raised its dividend for six consecutive years. This could be appealing for income-focused investors, especially considering the company's dividend yield stood at 3.94% as of mid-2024. Additionally, the company's commitment to shareholder returns is demonstrated by a high shareholder yield, which is an important consideration for those seeking investment income.

For investors seeking further insights and additional InvestingPro Tips on Princeton Bancorp, they can explore the 6 total tips available, which include predictions on profitability and discussions on gross profit margins. To gain access to these valuable insights, consider using the promo code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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