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

Princeton Bancorp, Inc. (NASDAQ:BPRN - Get Free Report) announced 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 annualized dividend and a dividend yield of 3.35%. The ex-dividend date 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 dividend payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Princeton Bancorp to earn $3.55 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 33.8%.

Princeton Bancorp Price Performance

NASDAQ:BPRN traded up $0.73 during trading hours on Friday, hitting $35.85. The stock had a trading volume of 7,461 shares, compared to its average volume of 5,815. The company has a 50 day simple moving average of $36.64 and a two-hundred day simple moving average of $34.11. The firm has a market capitalization of $227.65 million, a price-to-earnings ratio of 20.49 and a beta of 0.59. Princeton Bancorp has a one year low of $28.66 and a one year high of $39.21.

Princeton Bancorp (NASDAQ:BPRN - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.06). The company had revenue of $33.87 million during the quarter, compared to the consensus estimate of $19.30 million. During the same quarter in the previous year, the business earned $0.80 EPS. Equities research analysts anticipate that Princeton Bancorp will post 2.98 earnings per share for the current year.

Insider Activity

In other Princeton Bancorp news, insider Stephanie Adkins sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $35.10, for a total value of $70,200.00. Following the completion of the transaction, the insider now owns 7,377 shares of the company's stock, valued at $258,932.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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.