Princeton Bancorp, Inc. (NASDAQ:BPRN) Declares Quarterly Dividend of $0.30

Princeton Bancorp, Inc. (NASDAQ:BPRN) declared a quarterly dividend on Tuesday, October 22nd, Zacks reports. Stockholders of record on Tuesday, November 5th will be paid a dividend of 0.30 per share on Thursday, November 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Tuesday, November 5th.

Princeton Bancorp has increased its dividend by an average of 44.2% annually over the last three years. Princeton Bancorp has a payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Princeton Bancorp to earn $3.28 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 36.6%.

Princeton Bancorp Price Performance

Shares of BPRN stock opened at $35.85 on Friday. The stock has a market capitalization of $227.65 million, a PE ratio of 20.49 and a beta of 0.58. The business’s 50 day simple moving average is $36.64 and its 200 day simple moving average is $34.08. Princeton Bancorp has a one year low of $28.66 and a one year high of $39.21.

Princeton Bancorp (NASDAQ:BPRN) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.06). The firm had revenue of $33.87 million for the quarter, compared to the consensus estimate of $19.30 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. As a group, research analysts expect that Princeton Bancorp will post 2.94 earnings per share for the current year.

Insiders Place Their Bets

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 stock was sold at an average price of $35.10, for a total value of $70,200.00. Following the completion of the sale, the insider now directly owns 7,377 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 23.00% of the company’s stock.

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.