Princeton Bancorp (NASDAQ:BPRN) Issues Quarterly Earnings Results

Princeton Bancorp (NASDAQ:BPRN) issued its earnings results on Tuesday. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($1.24), RTT News reports. During the same period in the previous year, the company posted $0.80 earnings per share.

Princeton Bancorp Stock Performance

NASDAQ BPRN traded down $0.32 during trading on Wednesday, hitting $35.80. The stock had a trading volume of 1,213 shares, compared to its average volume of 10,469. Princeton Bancorp has a 12 month low of $28.66 and a 12 month high of $39.21. The company’s 50-day moving average price is $36.72 and its two-hundred day moving average price is $33.98. The company has a market capitalization of $226.22 million, a PE ratio of 9.52 and a beta of 0.58.

Princeton Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 28th. Investors of record on Tuesday, November 5th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, November 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.35%. Princeton Bancorp’s payout ratio is 31.91%.

Insider Activity at Princeton Bancorp

In other Princeton Bancorp news, insider Stephanie Adkins sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $35.10, for a total value of $70,200.00. Following the completion of the transaction, the insider now directly owns 7,377 shares in the company, valued at $258,932.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 23.00% of the stock is owned by insiders.

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.