Princeton Bancorp, Inc. Declares Quarterly Dividend of $0.35 (NASDAQ:BPRN)

Princeton Bancorp, Inc. (NASDAQ:BPRN) declared a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Wednesday, August 5th will be paid a dividend of 0.35 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, August 5th.

Princeton Bancorp has increased its dividend by an average of 0.3%annually over the last three years. Princeton Bancorp has a payout ratio of 39.3% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of Princeton Bancorp stock opened at $37.69 on Thursday. The firm’s fifty day simple moving average is $36.88 and its 200-day simple moving average is $35.74. The stock has a market capitalization of $256.67 million, a price-to-earnings ratio of 13.18 and a beta of 0.48. Princeton Bancorp has a 12 month low of $29.69 and a 12 month high of $39.47.

Princeton Bancorp (NASDAQ:BPRN) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.85 by $0.06. The firm had revenue of $21.31 million during the quarter, compared to the consensus estimate of $21.06 million. Princeton Bancorp had a net margin of 14.20% and a return on equity of 7.20%. Analysts anticipate that Princeton Bancorp will post 3.67 earnings per share for the current year.

About Princeton Bancorp

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.