The Bank of Princeton 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 various loan products comprising commercial real estate and multi-family, commercial and industrial, construction, residential first-lien mortgage, paycheck protection program, home equity, and consumer loans. In addition, it provides debit and credit cards; and money orders, direct deposit, automated teller machines, cashier's checks, safe deposit boxes, wire transfers, night depository, remote deposit capture, savings bonds redemption, bank-by-mail, online and automated telephone banking, Internet banking, payroll-related services, and merchant credit card processing services. The company operates 21 branches in Princeton, including parts of Mercer, Somerset, Hunterdon, Ocean, Burlington, Camden, Gloucester, and Middlesex Counties in central New Jersey, as well as in additional areas in portions of Philadelphia, Montgomery, and Bucks counties in Pennsylvania. The Bank of Princeton was incorporated in 2007 and is headquartered in Princeton, New Jersey.
IPO Year:
Exchange: NASDAQ
Website: thebankofprinceton.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/19/2024 | $40.00 | Market Perform | Hovde Group |
| 12/21/2022 | Mkt Perform | Raymond James | |
| 6/15/2022 | $31.00 | Neutral | Janney |
| 6/14/2022 | $34.00 → $30.00 | Buy → Neutral | B. Riley Securities |
| 2/2/2022 | Outperform → Neutral | Boenning & Scattergood |
PRINCETON, N.J. and MOUNT LAUREL, N.J., Jan. 18, 2024 /PRNewswire/ -- Princeton Bancorp, Inc. (NASDAQ – BPRN), the parent company of The Bank of Princeton, Princeton, New Jersey, and Cornerstone Financial Corporation (OTC "CFIC") ("Cornerstone"), the parent company of Cornerstone Bank, Mount Laurel, New Jersey, jointly announced today that they have entered into a definitive agreement and plan of merger pursuant to which Princeton Bancorp will acquire Cornerstone in a transaction valued at approximately $17.9 million. Under the terms of the merger agreement, which has been approved by the boards of directors of both companies, Cornerstone will merge with, into and under the charter of Prince
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10-Q - Princeton Bancorp, Inc. (0001913971) (Filer)
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PRINCETON, N.J., Oct. 29, 2024 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ - BPRN), the bank holding company for The Bank of Princeton (the "Bank"), today reported its unaudited financial condition and results of operations at and for the quarter and nine-months ended September 30, 2024. The Bank's third quarter was highlighted by the closing of the Cornerstone Bank acquisition. This acquisition will be immediately accretive to earnings with an expected 2.5 year earn back of tangible book value dilution. While the costs related to this acquisition naturally
PRINCETON, N.J., Oct. 22, 2024 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ – BPRN), the bank holding company for The Bank of Princeton (the "Bank") announced that its Board of Directors, at a meeting held on October 22, 2024, declared a cash dividend of $0.30 per share of the common stock of the Company. This dividend will be paid on November 28, 2024, to shareholders of record at the close of business on November 5, 2024. "This dividend reflects the Board of Director's continuing commitment in providing a return to shareholders," stated Edward Dietzler, President and CEO.
PRINCETON, N.J. , July 25, 2024 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ - BPRN), the bank holding company for The Bank of Princeton (the "Bank"), today reported its unaudited financial condition and results of operations at and for the quarter ended June 30, 2024. The Company also announced that it has received the necessary approvals from shareholders and all applicable regulatory authorities in connection with its acquisition of Cornerstone Financial Corporation, which is expected to close on August 23, 2024. President/CEO Edward Dietzler remarked on
PRINCETON, N.J., July 24, 2024 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ – BPRN), the bank holding company for The Bank of Princeton (the "Bank") announced that its Board of Directors, at a meeting held on July 24, 2024, declared a cash dividend of $0.30 per share of the common stock of the Company. This dividend will be paid on August 30, 2024, to shareholders of record at the close of business on August 9, 2024. "This dividend reflects the Board of Director's continuing commitment in providing a return to shareholders," stated Edward Dietzler, President and CEO.
PRINCETON, N.J., April 25, 2024 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ - BPRN), the bank holding company for The Bank of Princeton (the "Bank"), today reported its unaudited financial condition and results of operations at and for the quarter ended March 31, 2024. President/CEO Edward Dietzler commented on the quarter results, "The Company continued its strong financial performance despite the industry's challenging interest rate environment. The Company continues to increase loan and deposit balances while maintaining robust liquidity and strong cred
PRINCETON, N.J., April 24, 2024 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ – BPRN), the bank holding company for The Bank of Princeton (the "Bank") announced that its Board of Directors, at a meeting held on April 24, 2024, declared a cash dividend of $0.30 per share of the common stock of the Company. This dividend will be paid on May 31, 2024 to shareholders of record at the close of business on May 10, 2024. "This dividend reflects the Board of Director's continuing commitment in providing a return to shareholders," stated Edward Dietzler, President and CEO.
PRINCETON, N.J., Jan. 25, 2024 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ - BPRN), the bank holding company for The Bank of Princeton (the "Bank"), today reported its unaudited financial condition and results of operations at and for the quarter and 12 months ended December 31, 2023. President/CEO Edward Dietzler commented on the results, "I am extremely proud of the Bank's continued strong financial performance given the industry's strong headwinds. Despite the significant impact from the interest rate environment and other industry pressures, the Bank
PRINCETON, N.J., Jan. 24, 2024 /PRNewswire/ --Princeton Bancorp, Inc. (the "Company") (NASDAQ – BPRN), the bank holding company for The Bank of Princeton (the "Bank") announced that its Board of Directors, at a meeting held on January 24, 2024, declared a cash dividend of $0.30 per share of the common stock of the Company. This dividend will be paid on March 1, 2024 to shareholders of record at the close of business on February 9, 2024. "This dividend reflects the Board of Director's continuing commitment in providing a return to shareholders," stated Edward Dietzler, President and CEO.
PRINCETON, N.J., July 27, 2023 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ - BPRN), the bank holding company for The Bank of Princeton (the "Bank"), today reported its unaudited financial condition and results of operations at and for the quarter ended June 30, 2023. The Company reported net income of $6.8 million, or $1.07 per diluted common share, for the second quarter of 2023, compared to net income of $6.1 million, or $0.95 per diluted common share, for the first quarter of 2023, and net income of $6.3 million, or $0.98 per diluted common share, for the second quarter of 2022. The increase in net income for the second quarter of 2023 when compared to the first quart
PRINCETON, N.J., July 20, 2023 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ – BPRN), the bank holding company for The Bank of Princeton (the "Bank") announced that its Board of Directors, at a meeting held on July 20, 2023, declared a cash dividend of $0.30 per share of the common stock of the Company. This dividend will be paid on August 31, 2023 to shareholders of record at the close of business on August 9, 2023. "This dividend reflects the Board of Director's continuing commitment in providing a return to shareholders," stated Edward Dietzler, President and CEO.
SC 13G - Princeton Bancorp, Inc. (0001913971) (Subject)
Hovde Group initiated coverage of Bank of Princeton with a rating of Market Perform and set a new price target of $40.00
Raymond James initiated coverage of Bank of Princeton with a rating of Mkt Perform
Janney initiated coverage of Bank of Princeton with a rating of Neutral and set a new price target of $31.00
B. Riley Securities downgraded Bank of Princeton from Buy to Neutral and set a new price target of $30.00 from $34.00 previously
Boenning & Scattergood downgraded Bank of Princeton from Outperform to Neutral
Boenning & Scattergood upgraded Bank of Princeton from Neutral to Outperform and set a new price target of $33.00
Piper Sandler upgraded Bank of Princeton from Neutral to Overweight and set a new price target of $31.00 from $30.00 previously
B. Riley upgraded The Bank of Princeton from Neutral to Buy
B. Riley FBR upgraded Bank of Princeton from Neutral to Buy and set a new price target of $32.00
PRINCETON, N.J., Oct. 29, 2024 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ - BPRN), the bank holding company for The Bank of Princeton (the "Bank"), today reported its unaudited financial condition and results of operations at and for the quarter and nine-months ended September 30, 2024. The Bank's third quarter was highlighted by the closing of the Cornerstone Bank acquisition. This acquisition will be immediately accretive to earnings with an expected 2.5 year earn back of tangible book value dilution. While the costs related to this acquisition naturally
PRINCETON, N.J., Oct. 22, 2024 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ – BPRN), the bank holding company for The Bank of Princeton (the "Bank") announced that its Board of Directors, at a meeting held on October 22, 2024, declared a cash dividend of $0.30 per share of the common stock of the Company. This dividend will be paid on November 28, 2024, to shareholders of record at the close of business on November 5, 2024. "This dividend reflects the Board of Director's continuing commitment in providing a return to shareholders," stated Edward Dietzler, President and CEO.
PRINCETON, N.J. , July 25, 2024 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ - BPRN), the bank holding company for The Bank of Princeton (the "Bank"), today reported its unaudited financial condition and results of operations at and for the quarter ended June 30, 2024. The Company also announced that it has received the necessary approvals from shareholders and all applicable regulatory authorities in connection with its acquisition of Cornerstone Financial Corporation, which is expected to close on August 23, 2024. President/CEO Edward Dietzler remarked on
PRINCETON, N.J., July 24, 2024 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ – BPRN), the bank holding company for The Bank of Princeton (the "Bank") announced that its Board of Directors, at a meeting held on July 24, 2024, declared a cash dividend of $0.30 per share of the common stock of the Company. This dividend will be paid on August 30, 2024, to shareholders of record at the close of business on August 9, 2024. "This dividend reflects the Board of Director's continuing commitment in providing a return to shareholders," stated Edward Dietzler, President and CEO.
PRINCETON, N.J., April 25, 2024 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ - BPRN), the bank holding company for The Bank of Princeton (the "Bank"), today reported its unaudited financial condition and results of operations at and for the quarter ended March 31, 2024. President/CEO Edward Dietzler commented on the quarter results, "The Company continued its strong financial performance despite the industry's challenging interest rate environment. The Company continues to increase loan and deposit balances while maintaining robust liquidity and strong cred
PRINCETON, N.J., April 24, 2024 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ – BPRN), the bank holding company for The Bank of Princeton (the "Bank") announced that its Board of Directors, at a meeting held on April 24, 2024, declared a cash dividend of $0.30 per share of the common stock of the Company. This dividend will be paid on May 31, 2024 to shareholders of record at the close of business on May 10, 2024. "This dividend reflects the Board of Director's continuing commitment in providing a return to shareholders," stated Edward Dietzler, President and CEO.
PRINCETON, N.J., Jan. 25, 2024 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ - BPRN), the bank holding company for The Bank of Princeton (the "Bank"), today reported its unaudited financial condition and results of operations at and for the quarter and 12 months ended December 31, 2023. President/CEO Edward Dietzler commented on the results, "I am extremely proud of the Bank's continued strong financial performance given the industry's strong headwinds. Despite the significant impact from the interest rate environment and other industry pressures, the Bank
PRINCETON, N.J., Jan. 24, 2024 /PRNewswire/ --Princeton Bancorp, Inc. (the "Company") (NASDAQ – BPRN), the bank holding company for The Bank of Princeton (the "Bank") announced that its Board of Directors, at a meeting held on January 24, 2024, declared a cash dividend of $0.30 per share of the common stock of the Company. This dividend will be paid on March 1, 2024 to shareholders of record at the close of business on February 9, 2024. "This dividend reflects the Board of Director's continuing commitment in providing a return to shareholders," stated Edward Dietzler, President and CEO.
PRINCETON, N.J. and MOUNT LAUREL, N.J., Jan. 18, 2024 /PRNewswire/ -- Princeton Bancorp, Inc. (NASDAQ – BPRN), the parent company of The Bank of Princeton, Princeton, New Jersey, and Cornerstone Financial Corporation (OTC "CFIC") ("Cornerstone"), the parent company of Cornerstone Bank, Mount Laurel, New Jersey, jointly announced today that they have entered into a definitive agreement and plan of merger pursuant to which Princeton Bancorp will acquire Cornerstone in a transaction valued at approximately $17.9 million. Under the terms of the merger agreement, which has been approved by the boards of directors of both companies, Cornerstone will merge with, into and under the charter of Prince
PRINCETON, N.J., Aug. 10, 2023 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ: BPRN), the bank holding company for The Bank of Princeton (the "Bank"), announced that its Board of Directors has adopted a new stock repurchase program. Under the 2023 stock repurchase program, management is authorized to repurchase up to 5% of the Company's outstanding shares of common stock, with a total cost not to exceed $10.7 million. As of today, five percent of the Company's outstanding shares of common stock would be approximately 314,000 shares. Further, under the program the Company cannot purchase any shares unless the per share purchase price is less than the Company's tangible book v
Princeton Bancorp (NASDAQ:BPRN) reported quarterly earnings of $0.68 per share which beat the analyst consensus estimate of $0.65 by 4.62 percent. This is a 28.42 percent decrease over earnings of $0.95 per share from the same period last year.
Princeton Bancorp (NASDAQ:BPRN) reported quarterly earnings of $0.82 per share which beat the analyst consensus estimate of $0.77 by 6.49 percent. This is a 27.43 percent decrease over earnings of $1.13 per share from the same period last year.
Princeton Bancorp (NASDAQ:BPRN) has announced a merger with Cornerstone Financial (OTC:CFIC) that is expected to be completed in Q3 of 2024. Under the terms of the agreement, Princeton Bancorp has agreed to give Cornerstone Financial $17.90 million in in exchange for CFIC stock. Currently, neither company has disclosed whether the paymentwill be in cash or in stock. About The Companies Involved Princeton Bancorp Inc is a banking company. It is a full-service financial institution that provides business and personal banking. Cornerstone Financial Corp provides a range of lending, deposit, and financial products. It emphasizes commercial real estate and commercial lending to small businesses
The Meaning Behind Value Stocks A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Benzinga Insights has compiled a list of value stocks in the financial services sector that may be worth watching: Genworth Finl (NYSE:GNW) - P/E: 6.4 Banco De Chile (NYSE:BCH) - P/E: 7.02 Princeton Bancorp (NASDAQ:BPRN) - P/E: 7.07 Invesco (NYSE:IVZ) - P/E: 9.86 Busine
Princeton Bancorp, Inc. (the "Company") (NASDAQ: BPRN), the bank holding company for The Bank of Princeton (the "Bank"), announced that its Board of Directors has adopted a new stock repurchase program. Under the 2023 stock repurchase program, management is authorized to repurchase up to 5% of the Company's outstanding shares of common stock, with a total cost not to exceed $10.7 million. As of today, five percent of the Company's outstanding shares of common stock would be approximately 314,000 shares. Further, under the program the Company cannot purchase any shares unless the per share purchase price is less than the Company's tangible book value per share. The stock repurchase program do
Princeton Bancorp (NASDAQ:BPRN) reported quarterly earnings of $1.07 per share which beat the analyst consensus estimate of $0.30 by 256.67 percent. This is a 9.18 percent increase over earnings of $0.98 per share from the same period last year.
On Tuesday, 166 companies set new 52-week lows. Points of Interest From Today's 52-Week Lows: Pfizer (NYSE:PFE) was the largest firm by market cap to set a new 52-week low. The smallest company on a market cap basis to set a new 52-week low was NovaBay Pharmaceuticals (AMEX:NBY). Addvantage Technologies (NASDAQ:AEY) made the largest move down on the session, with shares plummeting 28.09% to reach its 52-week low. Great Ajax (NYSE:AJX) shares were the most resilient, as shares rose 0.19%, rebounding from its new 52-week low. Here are all the stocks that set new 52-week lows on Tuesday: Pfizer (NYSE:PFE) shares reached a new 52-week low of $36.83 on Tuesday morning, moving down
On Tuesday, 164 companies hit new 52-week lows. Significant Points From Today's 52-Week Lows: The largest company by market cap to hit a new 52-week low was Crown Castle (NYSE:CCI). Soligenix (NASDAQ:SNGX) was the smallest company by market cap to set a new 52-week low. PRA Group (NASDAQ:PRAA)'s stock made the biggest move downwards, diving 40.16% to reach a new 52-week low. Crown Castle (NYSE:CCI) was the biggest winner of the bunch, with shares actually trading up 0.0% after it rebounded from its new 52-week low. The following stocks created new 52-week lows on Tuesday: Crown Castle (NYSE:CCI) stock achieved a new 52-week low on Tuesday morning, hitting $114.49 and moving 0.
On Monday, 61 companies hit new 52-week lows. Areas of Significance In Today's 52-Week Lows: The largest company in terms of market cap to set a new 52-week low was Tyson Foods (NYSE:TSN). TC BioPharm (Holdings) (NASDAQ:TCBP) was the smallest company when considering market cap to set a new 52-week low. Catalent (NYSE:CTLT) was the biggest loser of the morning session, as it dropped 26.7% to reach its new 52-week low. Aurora Mobile (NASDAQ:JG) shares bounced back the most, actually rising 0.12% after hiting a new 52-week low. The following stocks set new 52-week lows on Monday: Tyson Foods (NYSE:TSN) stock achieved a new 52-week low on Monday morning, hitting $50.80 and moving
Princeton Bancorp (NASDAQ:BPRN) reported its Q1 earnings results on Thursday, April 20, 2023 at 04:00 PM. Here's what investors need to know about the announcement. Earnings Princeton Bancorp beat estimated earnings by 3.26%, reporting an EPS of $0.95 versus an estimate of $0.92. Revenue was up $1.14 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.03 which was followed by a 2.75% increase in the share price the next day. Here's a look at Princeton Bancorp's past performance: Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022 EPS Estimate 1.10 1 0.93 0.81 EPS Actual 1.13 1.09 0.98 0.91 Revenue Estimate 18.03M 16.70M 16.24M 15.10M