Princeton Bancorp (NASDAQ:BPRN) Issues Earnings Results

Princeton Bancorp (NASDAQ:BPRN) posted its quarterly earnings data on Tuesday. The company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.11), Zacks reports.

Princeton Bancorp Stock Up 0.4 %

Princeton Bancorp stock traded up $0.13 during mid-day trading on Tuesday, hitting $33.36. The company had a trading volume of 3,349 shares, compared to its average volume of 7,015. Princeton Bancorp has a 1 year low of $29.02 and a 1 year high of $39.35. The business has a fifty day moving average of $35.18 and a 200 day moving average of $36.18. The stock has a market cap of $228.52 million, a price-to-earnings ratio of 19.06 and a beta of 0.61.

Princeton Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 5th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Wednesday, February 5th. Princeton Bancorp’s payout ratio is 68.57%.

Wall Street Analyst Weigh In

Separately, Hovde Group initiated coverage on Princeton Bancorp in a research report on Tuesday, November 19th. They set a “market perform” rating and a $40.00 price objective for the company.

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.