Martin Tuchman Spends US$131k On Princeton Bancorp Stock

Potential Princeton Bancorp, Inc. (NASDAQ:BPRN) shareholders may wish to note that the Independent Director, Martin Tuchman, recently bought US$131k worth of stock, paying US$31.35 for each share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

We've discovered 2 warning signs about Princeton Bancorp. View them for free.

Princeton Bancorp Insider Transactions Over The Last Year

In fact, the recent purchase by Independent Director Martin Tuchman was not their only acquisition of Princeton Bancorp shares this year. Earlier in the year, they paid US$32.71 per share in a US$720k purchase. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$31.74). It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. The only individual insider to buy over the last year was Martin Tuchman.

Martin Tuchman purchased 46.59k shares over the year. The average price per share was US$32.68. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

See our latest analysis for Princeton Bancorp

Princeton Bancorp is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insider Ownership Of Princeton Bancorp

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Princeton Bancorp insiders own 25% of the company, worth about US$53m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Princeton Bancorp Insiders?

The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Princeton Bancorp insiders are well aligned, and that they may think the share price is too low. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Case in point: We've spotted 2 warning signs for Princeton Bancorp you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.