Princeton Bancorp (NASDAQ:BPRN) Issues Earnings Results, Beats Expectations By $0.11 EPS

Princeton Bancorp (NASDAQ:BPRN) announced its quarterly earnings data on Thursday. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11, Zacks reports. The firm had revenue of $31.50 million during the quarter, compared to the consensus estimate of $17.77 million.

Princeton Bancorp Stock Up 0.1 %

BPRN stock opened at $37.71 on Friday. The firm has a market capitalization of $238.33 million, a PE ratio of 10.03 and a beta of 0.60. Princeton Bancorp has a twelve month low of $28.07 and a twelve month high of $38.25. The stock has a 50-day simple moving average of $32.47 and a two-hundred day simple moving average of $31.63.

Princeton Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 9th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Friday, August 9th. Princeton Bancorp’s payout ratio is presently 31.91%.

Insider Buying and Selling at Princeton Bancorp

In related news, Director Martin Tuchman bought 1,000 shares of Princeton Bancorp stock in a transaction on Tuesday, May 21st. The stock was acquired at an average price of $31.00 per share, with a total value of $31,000.00. Following the acquisition, the director now directly owns 92,924 shares of the company’s stock, valued at $2,880,644. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Stephanie Adkins sold 947 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $30.25, for a total transaction of $28,646.75. Following the completion of the transaction, the insider now owns 9,737 shares of the company’s stock, valued at $294,544.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin Tuchman acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were acquired at an average cost of $31.00 per share, with a total value of $31,000.00. Following the acquisition, the director now directly owns 92,924 shares of the company’s stock, valued at approximately $2,880,644. The disclosure for this purchase can be found here. Insiders purchased 8,306 shares of company stock valued at $250,046 in the last quarter. 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.