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

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 given 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% per year over the last three years. Princeton Bancorp has a dividend payout ratio of 32.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

NASDAQ BPRN traded down $0.82 during mid-day trading on Friday, reaching $28.24. 8,814 shares of the stock were exchanged, compared to its average volume of 9,558. The company has a market capitalization of $195.28 million, a P/E ratio of 16.81 and a beta of 0.48. The business's 50 day moving average is $30.17 and its 200-day moving average is $33.47. Princeton Bancorp has a 1 year low of $27.25 and a 1 year high of $39.35.

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

Insider Buying and Selling at Princeton Bancorp

In other news, Director Martin Tuchman bought 22,000 shares of Princeton Bancorp stock in a transaction on Tuesday, February 11th. The stock was acquired at an average price of $32.71 per share, with a total value of $719,620.00. Following the completion of the acquisition, the director now directly owns 629,141 shares of the company's stock, valued at $20,579,202.11. The trade was a 3.62 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 23.00% of the company's stock.

Wall Street Analyst Weigh In

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

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.