Princeton Bancorp, Inc. (BPRN) to Issue Quarterly Dividend of $0.35 on August 28th

Princeton Bancorp, Inc. (NASDAQ:BPRN) announced a quarterly dividend on Wednesday, July 22nd. Shareholders 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 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% meaning its dividend is sufficiently covered by earnings. Equities 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 Performance

Princeton Bancorp stock opened at $37.97 on Friday. The company has a market capitalization of $258.58 million, a PE ratio of 13.28 and a beta of 0.48. The firm has a 50 day moving average price of $36.94 and a 200 day moving average price of $35.77. Princeton Bancorp has a fifty-two week low of $29.69 and a fifty-two week high of $39.47.

Princeton Bancorp (NASDAQ:BPRN) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.16. Princeton Bancorp had a net margin of 14.20% and a return on equity of 7.20%. The business had revenue of $22.48 million for the quarter, compared to analysts’ expectations of $21.84 million. As a group, equities research analysts forecast that Princeton Bancorp will post 3.67 earnings per share for the current 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.