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

Princeton Bancorp, Inc. (NASDAQ:BPRN) has announced a quarterly dividend of $0.30 per share, as reported on Tuesday, October 22nd. This dividend is set to benefit shareholders who are listed as record holders by Tuesday, November 5th. They will receive the dividend payment on Thursday, November 28th. With this announcement, the annualized dividend totals $1.20, leading to a dividend yield of 3.35%. The ex-dividend date is also on November 5th.

In the past three years, Princeton Bancorp has shown an impressive growth in its dividends, averaging an increase of 44.2% each year. Currently, the company has a dividend payout ratio of 34.5%, suggesting that its dividends are well-supported by its earnings. Next year, analysts forecast earnings of $3.28 per share, indicating that Princeton Bancorp is likely to maintain its annual dividend of $1.20, with an expected payout ratio of 36.6%.

Performance and Stock Details

On Friday, shares of Princeton Bancorp opened at $35.85. The company holds a market capitalization of $227.65 million and has a P/E ratio of 20.49. Additionally, it has a beta value of 0.58. Over the past year, the company's stock has reached a low of $28.66 and a high of $39.21. The stock's 50-day moving average stands at $36.64, while the 200-day moving average is at $34.08.

Moreover, Princeton Bancorp recently published its quarterly earnings on October 29th. The company's earnings per share (EPS) for the quarter were $0.63, falling short of the consensus estimate of $0.69 by $0.06. The revenue for the quarter was reported at $33.87 million, significantly higher than the consensus expectation of $19.30 million. In the same quarter last year, the company reported an EPS of $0.80. Sell-side analysts anticipate that Princeton Bancorp will have an EPS of 2.94 for the current year.

Insider Activity

In other news from Princeton Bancorp, insider Stephanie Adkins sold 2,000 shares of company stock on August 15th, fetching an average price of $35.10 per share, totaling approximately $70,200. After this transaction, she retains ownership of 7,377 shares, valued at about $258,932.70, marking no change in her ownership percentage. This sale was publicly disclosed as required by the Securities and Exchange Commission (SEC). Currently, corporate insiders control 23.00% of the company's stock.

Company Overview

Princeton Bancorp, Inc. functions as the bank holding company for The Bank of Princeton, offering a range of banking products and services. These include various deposit products such as checking, savings, and money market accounts, as well as certificates of deposit. The institution also provides traditional banking services along with residential, commercial, and construction loans, as well as consumer loans including home equity loans and credit lines.

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