Princeton Bancorp (BPRN) to Release Quarterly Earnings on Thursday

Princeton Bancorp (NASDAQ:BPRN - Get Free Report) is expected to be releasing its earnings data before the market opens on Thursday, January 23rd. Analysts expect Princeton Bancorp to post earnings of $0.86 per share for the quarter.

Princeton Bancorp (NASDAQ:BPRN - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.63 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.06). The business had revenue of $33.87 million for the quarter, compared to analyst estimates of $19.30 million. During the same quarter in the prior year, the business earned $0.80 earnings per share. On average, analysts expect Princeton Bancorp to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Princeton Bancorp Stock Performance

Shares of BPRN stock traded down $1.07 during mid-day trading on Thursday, hitting $32.82. The company's stock had a trading volume of 4,691 shares, compared to its average volume of 6,789. The company has a market cap of $224.78 million, a PE ratio of 18.75 and a beta of 0.61. The company's fifty day simple moving average is $35.98 and its 200-day simple moving average is $36.18. Princeton Bancorp has a 52 week low of $29.02 and a 52 week high of $39.35.

Princeton Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 28th. Investors of record on Tuesday, November 5th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.20 annualized dividend and a yield of 3.66%. Princeton Bancorp's dividend payout ratio is currently 68.57%.

Analyst Upgrades and Downgrades

Separately, Hovde Group started 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.