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

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

Princeton Bancorp Trading Up 0.4 %

BPRN opened at $33.36 on Wednesday. The stock has a market cap of $228.52 million, a price-to-earnings ratio of 19.06 and a beta of 0.61. Princeton Bancorp has a 1 year low of $29.02 and a 1 year high of $39.35. The stock has a fifty day moving average price of $35.18 and a 200 day moving average price of $36.18.

Princeton Bancorp Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Hovde Group began coverage on Princeton Bancorp in a report 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.