Princeton Bancorp, Inc. (BPRN) To Go Ex-Dividend on May 5th

Princeton Bancorp, Inc. (NASDAQ:BPRN) declared a quarterly dividend on Tuesday, April 21st. Investors of record on Tuesday, May 5th will be paid a dividend of 0.35 per share on Thursday, May 28th. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, May 5th.

Princeton Bancorp has increased its dividend payment by an average of 0.3%per year over the last three years. Princeton Bancorp has a dividend payout ratio of 39.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Princeton Bancorp to earn $3.83 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 36.6%.

Princeton Bancorp Stock Up 1.0%

Shares of Princeton Bancorp stock opened at $36.11 on Friday. Princeton Bancorp has a 52-week low of $29.21 and a 52-week high of $37.99. The company has a 50 day moving average of $34.53 and a 200 day moving average of $34.40. The company has a market capitalization of $245.19 million, a P/E ratio of 12.63 and a beta of 0.49.

Princeton Bancorp (NASDAQ:BPRN) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. Princeton Bancorp had a net margin of 14.20% and a return on equity of 7.24%. The company had revenue of $21.31 million during the quarter, compared to the consensus estimate of $21.06 million. As a group, research analysts anticipate that Princeton Bancorp will post 3.67 earnings per share for the current fiscal year.

Princeton Bancorp Company Profile

Princeton Bancorp, Inc is the bank holding company for Princeton Bank, a community-focused financial institution based in Princeton, New Jersey. Through its wholly owned subsidiary, the company offers a full suite of personal and business banking services designed to meet the needs of individuals, families and local enterprises in central and southern New Jersey.

The company’s core offerings include checking and savings accounts, consumer and commercial lending, mortgage origination and refinancing, as well as treasury management solutions for small-to-medium-sized businesses.