Princeton Bancorp (NASDAQ:BPRN) Announces Earnings Results

Princeton Bancorp (NASDAQ:BPRN) released its earnings results 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 firm had revenue of $33.87 million during the quarter, compared to analyst estimates of $19.30 million. During the same period last year, the business posted $0.80 EPS.

Princeton Bancorp Stock Performance

Shares of NASDAQ:BPRN opened at $35.55 on Thursday. The firm’s 50 day simple moving average is $36.71 and its 200-day simple moving average is $33.99. Princeton Bancorp has a one year low of $28.66 and a one year high of $39.21. The firm has a market cap of $224.64 million, a PE ratio of 9.45 and a beta of 0.58.

Princeton Bancorp Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $1.20 annualized dividend and a yield of 3.38%. Princeton Bancorp’s dividend payout ratio (DPR) is 31.91%.

Insider Activity at Princeton Bancorp

In other Princeton Bancorp news, insider Stephanie Adkins sold 2,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $35.10, for a total transaction of $70,200.00. Following the transaction, the insider now directly owns 7,377 shares in the company, valued at $258,932.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 23.00% of the stock is owned by company 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.