Princeton Bancorp (NASDAQ:BPRN) Announces Earnings Results

Princeton Bancorp (NASDAQ:BPRN) posted its quarterly earnings results on Tuesday. The company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.11), Zacks reports.

Princeton Bancorp Stock Up 0.4 %

Shares of Princeton Bancorp stock traded up $0.13 during mid-day trading on Tuesday, hitting $33.36. The stock had a trading volume of 3,349 shares, compared to its average volume of 7,015. The firm has a market cap of $228.52 million, a P/E ratio of 19.06 and a beta of 0.61. The firm has a 50-day moving average of $35.18 and a two-hundred day moving average of $36.18. Princeton Bancorp has a 12-month low of $29.02 and a 12-month high of $39.35.

Princeton Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 5th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, February 5th. This represents a $1.20 annualized dividend and a yield of 3.60%. Princeton Bancorp’s payout ratio is 68.57%.

Analyst Upgrades and Downgrades

Separately, Hovde Group began coverage on Princeton Bancorp in a research note on Tuesday, November 19th. They set a “market perform” rating and a $40.00 price objective on the stock.

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.