Princeton Bancorp (NASDAQ:BPRN) Posts Quarterly Earnings Results, Misses Estimates By $0.11 EPS

Princeton Bancorp (NASDAQ:BPRN) posted its quarterly earnings data on Tuesday. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.11), Zacks reports.

Princeton Bancorp Stock Up 0.4 %

Shares of BPRN opened at $33.36 on Wednesday. Princeton Bancorp has a 12-month low of $29.02 and a 12-month high of $39.35. The firm has a market capitalization of $228.52 million, a price-to-earnings ratio of 19.06 and a beta of 0.61. The stock’s 50-day moving average price is $35.18 and its 200 day moving average price is $36.18.

Princeton Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 5th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, February 5th. This represents a $1.20 annualized dividend and a yield of 3.60%. Princeton Bancorp’s dividend payout ratio is 68.57%.

Analyst Upgrades and Downgrades

Separately, Hovde Group initiated coverage on Princeton Bancorp in a research note on Tuesday, November 19th. They set a “market perform” rating and a $40.00 price target on the 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.