Princeton Bancorp director Martin Tuchman buys $17,880 in stock

Published 27/05/2025, 15:56
Princeton Bancorp director Martin Tuchman buys $17,880 in stock

In a recent transaction disclosed in an SEC filing, Martin Tuchman, a director and significant shareholder of Princeton Bancorp, Inc. (NASDAQ:BPRN), acquired 583 shares of the company’s common stock. The purchase, made on May 22, 2025, was valued at approximately $17,880, with each share priced at $30.67. The stock currently trades at $30.87, slightly above Tuchman’s purchase price. According to InvestingPro data, the company, valued at $214 million, trades near its Fair Value with a P/E ratio of 18.3x and offers a 4% dividend yield.

Following this acquisition, Tuchman holds a total of 112,371 shares directly. Additionally, as a trustee of the Martin Tuchman Revocable Trust, he indirectly owns 629,141 shares. This transaction underscores Tuchman’s continued investment in Princeton Bancorp. InvestingPro analysis reveals positive indicators, including expected net income growth and upward earnings revisions by analysts for the upcoming period. Subscribers can access additional insights and 3 more exclusive ProTips for BPRN.

In other recent news, Privia Health Group, Inc. reported fourth-quarter results that surpassed analyst expectations, with adjusted earnings per share of $0.21 against an estimated $0.05. The company achieved revenue of $460.9 million, exceeding the forecast of $420.94 million and marking a 4.6% increase from the previous year. However, Privia Health’s 2025 revenue guidance of $1.8-1.9 billion fell short of the expected $1.89 billion, attributed to challenges in the Medicare Advantage and value-based care sectors. The company ended 2024 with $491.1 million in cash and no debt, alongside a 35.3% increase in operating cash flow to $109.3 million.

Princeton Bancorp, Inc., the parent company of The Bank of Princeton, declared a quarterly cash dividend of $0.30 per share, with shareholders of record as of May 6, 2025, set to receive payment on May 29, 2025. This decision underscores the Board of Directors’ commitment to providing returns to shareholders. Additionally, Princeton Bancorp’s recent annual meeting saw the election of eight directors to its board and the approval of executive compensation and auditor appointments. These developments reflect shareholder satisfaction with the company’s governance and financial strategies.

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