Princeton Bancorp (NASDAQ:BPRN) Releases Earnings Results, Misses Expectations By $0.11 EPS

Princeton Bancorp (NASDAQ:BPRN) issued its quarterly earnings data 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 Trading Up 0.4 %

Shares of NASDAQ:BPRN traded up $0.13 on Tuesday, hitting $33.36. 3,349 shares of the company were exchanged, compared to its average volume of 7,010. The stock’s 50 day moving average price is $35.18 and its 200 day moving average price is $36.18. The firm has a market capitalization of $228.52 million, a P/E ratio of 19.06 and a beta of 0.61. Princeton Bancorp has a 1-year low of $29.02 and a 1-year high of $39.35.

Princeton Bancorp Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.