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

Princeton Bancorp, Inc. (NASDAQ:BPRN) declared a quarterly dividend on Tuesday, April 21st. Shareholders of record on Tuesday, May 5th will be given a dividend of 0.35 per share on Thursday, May 28th. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, May 5th.

Princeton Bancorp has raised its dividend by an average of 0.3%annually over the last three years. Princeton Bancorp has a dividend payout ratio of 39.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Princeton Bancorp to earn $3.69 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 37.9%.

Princeton Bancorp Price Performance

NASDAQ:BPRN opened at $35.23 on Wednesday. The business’s 50-day moving average is $34.56 and its two-hundred day moving average is $34.20. Princeton Bancorp has a 12 month low of $28.01 and a 12 month high of $37.99. The firm has a market capitalization of $239.21 million, a PE ratio of 12.95 and a beta of 0.49.

Princeton Bancorp (NASDAQ:BPRN) last released its quarterly earnings data on Thursday, January 29th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.04). Princeton Bancorp had a net margin of 13.39% and a return on equity of 6.93%. The company had revenue of $20.75 million during the quarter, compared to analysts’ expectations of $21.03 million. Equities analysts anticipate that Princeton Bancorp will post 3.55 EPS 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.