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

Princeton Bancorp, Inc. (NASDAQ:BPRN) declared a quarterly dividend on Wednesday, January 21st. Shareholders of record on Wednesday, February 4th will be given a dividend of 0.35 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Wednesday, February 4th.

Princeton Bancorp has a dividend payout ratio of 39.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Princeton Bancorp to earn $3.73 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 37.5%.

Princeton Bancorp Price Performance

NASDAQ BPRN opened at $36.95 on Thursday. Princeton Bancorp has a fifty-two week low of $27.25 and a fifty-two week high of $37.50. The stock’s 50-day moving average is $34.76 and its two-hundred day moving average is $32.95. The firm has a market cap of $249.78 million, a P/E ratio of 14.38 and a beta of 0.53.

Princeton Bancorp (NASDAQ:BPRN) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $21.53 million for the quarter, compared to analyst estimates of $20.33 million. On average, equities analysts expect that Princeton Bancorp will post 3.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Janney Montgomery Scott upgraded shares of Princeton Bancorp to a “strong-buy” rating in a report on Wednesday, October 22nd. Zacks Research lowered Princeton Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Princeton Bancorp in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Princeton Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

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.