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

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

Princeton Bancorp has increased its dividend payment by an average of 0.3%per year over the last three years. Princeton Bancorp has a payout ratio of 39.3% meaning 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 Trading Down 0.6%

Princeton Bancorp stock opened at $35.01 on Thursday. The company has a market cap of $237.68 million, a P/E ratio of 12.87 and a beta of 0.49. Princeton Bancorp has a 1-year low of $28.01 and a 1-year high of $37.99. The company has a fifty day simple moving average of $34.54 and a 200 day simple moving average of $34.21.

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

Institutional Trading of Princeton Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in Princeton Bancorp in the 2nd quarter valued at about $61,000. Tower Research Capital LLC TRC raised its position in shares of Princeton Bancorp by 584.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,191 shares of the company’s stock valued at $67,000 after buying an additional 1,871 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Princeton Bancorp by 14.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,360 shares of the company’s stock valued at $103,000 after buying an additional 431 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Princeton Bancorp by 50.1% in the 4th quarter. Wells Fargo & Company MN now owns 5,855 shares of the company’s stock valued at $203,000 after buying an additional 1,953 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Princeton Bancorp in the 4th quarter valued at approximately $211,000. Institutional investors own 43.36% of the company’s stock.

About Princeton Bancorp

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.