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

Princeton Bancorp, Inc. (NASDAQ:BPRN - Get Free Report) declared a quarterly dividend on Friday, April 26th, Wall Street Journal reports. Stockholders of record on Friday, May 10th will be given a dividend of 0.30 per share on Friday, May 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend is Thursday, May 9th.

Princeton Bancorp has raised its dividend by an average of 33.9% per year over the last three years and has increased its dividend every year for the last 3 years. Princeton Bancorp has a payout ratio of 35.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Princeton Bancorp to earn $3.00 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 40.0%.

Princeton Bancorp Price Performance

Shares of NASDAQ:BPRN traded up $0.57 on Friday, hitting $30.05. 7,998 shares of the company's stock were exchanged, compared to its average volume of 12,084. The stock has a market capitalization of $190.52 million, a price-to-earnings ratio of 7.46 and a beta of 0.58. Princeton Bancorp has a 12 month low of $23.49 and a 12 month high of $38.19. The business's 50 day simple moving average is $30.42 and its two-hundred day simple moving average is $32.18.

Princeton Bancorp (NASDAQ:BPRN - Get Free Report) last issued its earnings results on Thursday, January 25th. The company reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.05. The firm had revenue of $17.79 million for the quarter, compared to the consensus estimate of $18.48 million. Equities analysts forecast that Princeton Bancorp will post 2.82 EPS for the current fiscal year.

Insider Buying and Selling at Princeton Bancorp

In other Princeton Bancorp news, Director Martin Tuchman purchased 2,047 shares of the stock in a transaction dated Thursday, February 1st. The stock was purchased at an average price of $32.00 per share, with a total value of $65,504.00. Following the transaction, the director now owns 58,412 shares of the company's stock, valued at $1,869,184. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have acquired 17,431 shares of company stock valued at $536,568. Company insiders own 23.00% of the company's stock.

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.