Princeton Bancorp, Inc. (BPRN) to Issue Quarterly Dividend of $0.30 on November 28th

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

Princeton Bancorp has raised its dividend payment by an average of 44.2% per year over the last three years. Princeton Bancorp has a payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. 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 opened at $35.85 on Friday. The firm has a 50 day simple moving average of $36.64 and a two-hundred day simple moving average of $34.08. The company has a market cap of $227.65 million, a P/E ratio of 20.49 and a beta of 0.58. Princeton Bancorp has a one year low of $28.66 and a one year high of $39.21.

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

Insider Activity

In other Princeton Bancorp news, insider Stephanie Adkins sold 2,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $35.10, for a total transaction of $70,200.00. Following the sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 23.00% of the stock is currently owned by corporate insiders.

Princeton Bancorp Company Profile

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.