Princeton Bancorp, Inc. (BPRN) To Go Ex-Dividend on August 5th

Princeton Bancorp, Inc. (NASDAQ:BPRN) declared a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Wednesday, August 5th will be given a dividend of 0.35 per share on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Wednesday, August 5th.

Princeton Bancorp has raised its dividend payment by an average of 0.3%per year over the last three years. Princeton Bancorp has a dividend payout ratio of 39.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Princeton Bancorp to earn $3.87 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 36.2%.

Princeton Bancorp Price Performance

Shares of BPRN stock opened at $41.24 on Monday. The stock has a market cap of $280.84 million, a PE ratio of 10.85 and a beta of 0.47. The stock has a 50-day moving average of $37.73 and a 200-day moving average of $36.04. Princeton Bancorp has a one year low of $29.69 and a one year high of $43.93.

Princeton Bancorp (NASDAQ:BPRN) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.16. Princeton Bancorp had a net margin of 18.99% and a return on equity of 9.57%. The business had revenue of $22.48 million for the quarter, compared to analyst estimates of $21.84 million. As a group, research analysts anticipate that Princeton Bancorp will post 3.88 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.