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

Princeton Bancorp, Inc. (NASDAQ:BPRN) declared a quarterly dividend on Friday, April 26th, Wall Street Journal reports. Shareholders of record on Friday, May 10th will be given a dividend of 0.30 per share on Friday, May 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend is Thursday, May 9th.

Princeton Bancorp has increased its dividend by an average of 33.9% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Princeton Bancorp has a payout ratio of 35.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Princeton Bancorp to earn $3.00 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 40.0%.

Princeton Bancorp Price Performance

BPRN opened at $30.05 on Friday. The firm has a market capitalization of $190.52 million, a price-to-earnings ratio of 7.99 and a beta of 0.58. Princeton Bancorp has a one year low of $23.49 and a one year high of $38.19. The business has a 50 day simple moving average of $30.42 and a two-hundred day simple moving average of $32.18.

Princeton Bancorp (NASDAQ:BPRN) last issued its quarterly earnings data on Thursday, January 25th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. The company had revenue of $17.79 million for the quarter, compared to analysts’ expectations of $18.48 million. As a group, sell-side analysts expect that Princeton Bancorp will post 2.82 EPS for the current fiscal year.

Insider Buying and Selling at Princeton Bancorp

In other Princeton Bancorp news, Director Martin Tuchman purchased 5,004 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was bought at an average cost of $31.52 per share, with a total value of $157,726.08. Following the transaction, the director now directly owns 82,260 shares in the company, valued at approximately $2,592,835.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have bought 17,431 shares of company stock valued at $536,568. 23.00% of the stock is currently owned by corporate insiders.

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.