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Princeton Bancorp, Inc. (NASDAQ:BPRN) director Martin Tuchman recently purchased additional shares in the company, according to an SEC filing. Over two consecutive days, Tuchman acquired a total of 2,423 shares of common stock. The transactions, conducted on June 3 and June 4, amounted to a total investment of $73,701. The shares were bought at prices ranging from $30.4 to $30.5 per share. The $213 million market cap bank currently trades at an attractive 0.8 times book value and offers a 3.95% dividend yield. According to InvestingPro analysis, the stock appears slightly undervalued at current levels.
Following these acquisitions, Tuchman now directly owns 114,794 shares of Princeton Bancorp. Additionally, he holds 629,141 shares indirectly as the trustee of the Martin Tuchman Revocable Trust. This recent purchase underscores Tuchman’s ongoing commitment to the financial institution, where he serves as both a director and a significant shareholder. InvestingPro data shows the company has maintained profitability over the last twelve months, with additional insights available to subscribers.
In other recent news, Princeton Bancorp, Inc. held its 2025 annual meeting of shareholders, where several significant decisions were made. Shareholders elected eight directors to the company’s board, including Richard Gillespie and Edward Dietzler, with a majority of votes. The executive compensation package was approved with 4,099,024 votes in favor, while the appointment of Wolf & Company, P.C. as independent auditors was ratified with a substantial majority. Additionally, shareholders expressed a preference for annual advisory votes on executive compensation. In another development, Princeton Bancorp’s Board of Directors declared a quarterly cash dividend of $0.30 per share, payable to shareholders of record as of May 6, 2025. This decision reflects the board’s commitment to providing returns to shareholders, although future dividends will depend on various factors. These recent developments highlight the company’s ongoing governance decisions and financial strategies.
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