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

Princeton Bancorp, Inc. (NASDAQ:BPRN - Get Free Report) declared a quarterly dividend on Tuesday, April 22nd, RTT News reports. Stockholders of record on Tuesday, May 6th will be paid a dividend of 0.30 per share on Thursday, May 29th. This represents a $1.20 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Tuesday, May 6th.

Princeton Bancorp has raised its dividend payment by an average of 22.1% annually over the last three years. Princeton Bancorp has a dividend payout ratio of 32.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Princeton Bancorp to earn $3.73 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 32.2%.

Princeton Bancorp Trading Down 2.8 %

BPRN traded down $0.82 during trading hours on Friday, hitting $28.24. The company's stock had a trading volume of 8,814 shares, compared to its average volume of 9,558. The company has a 50-day simple moving average of $30.17 and a 200 day simple moving average of $33.47. The firm has a market capitalization of $195.28 million, a PE ratio of 16.81 and a beta of 0.48. Princeton Bancorp has a fifty-two week low of $27.25 and a fifty-two week high of $39.35.

Princeton Bancorp (NASDAQ:BPRN - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.01. The business had revenue of $20.95 million for the quarter, compared to analyst estimates of $20.73 million. Research analysts expect that Princeton Bancorp will post 3.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott upgraded shares of Princeton Bancorp from a "neutral" rating to a "buy" rating and set a $35.00 price target on the stock in a research report on Tuesday, February 4th.

Insider Buying and Selling at Princeton Bancorp

In other news, Director Martin Tuchman acquired 22,000 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were bought at an average price of $32.71 per share, with a total value of $719,620.00. Following the purchase, the director now owns 629,141 shares of the company's stock, valued at approximately $20,579,202.11. This represents a 3.62 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.