Princeton Bancorp (NASDAQ:BPRN) Releases Earnings Results

Princeton Bancorp (NASDAQ:BPRN) issued its quarterly earnings data on Tuesday. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.06), Yahoo Finance reports. The company had revenue of $33.87 million for the quarter, compared to analysts’ expectations of $19.30 million. During the same quarter in the previous year, the firm posted $0.80 earnings per share.

Princeton Bancorp Trading Down 1.6 %

Princeton Bancorp stock traded down $0.57 during mid-day trading on Thursday, hitting $35.55. The stock had a trading volume of 5,757 shares, compared to its average volume of 10,490. Princeton Bancorp has a 12 month low of $28.66 and a 12 month high of $39.21. The stock has a 50-day simple moving average of $36.71 and a two-hundred day simple moving average of $33.99. The stock has a market capitalization of $224.64 million, a PE ratio of 9.45 and a beta of 0.58.

Princeton Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 28th. Shareholders of record on Tuesday, November 5th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Tuesday, November 5th. Princeton Bancorp’s dividend payout ratio (DPR) is 31.91%.

Insider Transactions at Princeton Bancorp

In other Princeton Bancorp news, insider Stephanie Adkins sold 2,000 shares of Princeton Bancorp stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $35.10, for a total value of $70,200.00. Following the transaction, the insider now owns 7,377 shares of the company’s stock, valued at approximately $258,932.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 23.00% of the stock is owned by corporate insiders.

About Princeton Bancorp

Princeton Bancorp, Inc operates as the bank holding company for The Bank of Princeton that 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 traditional retail banking services, one-to-four-family residential mortgage loans, multi-family and commercial mortgage loans, construction loans, and commercial business loans, as well as consumer loans, including home equity loans and lines of credit.