Princeton Bancorp, Inc. (BPRN) to Issue Quarterly Dividend of $0.30 on February 28th

Posted by Andrew Walz on Feb 3rd, 2025

Princeton Bancorp, Inc. (NASDAQ:BPRN – Get Free Report) declared a quarterly dividend on Wednesday, January 22nd,RTT News reports. Stockholders of record on Wednesday, February 5th will be given a dividend of 0.30 per share on Friday, February 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date is Wednesday, February 5th.

Princeton Bancorp has raised its dividend payment by an average of 22.1% annually over the last three years. Princeton Bancorp has a dividend payout ratio of 31.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Princeton Bancorp to earn $3.76 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 31.9%.

Princeton Bancorp Stock Performance

Princeton Bancorp stock opened at $30.52 on Monday. The business’s 50-day simple moving average is $34.83 and its 200-day simple moving average is $36.06. The firm has a market capitalization of $209.06 million, a PE ratio of 18.17 and a beta of 0.59. Princeton Bancorp has a 52 week low of $29.02 and a 52 week high of $39.35.

Princeton Bancorp (NASDAQ:BPRN – Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.11). Research analysts forecast that Princeton Bancorp will post 3.47 earnings per share for the current year.

Analysts Set New Price Targets

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

View Our Latest Stock Report on Princeton Bancorp

About Princeton Bancorp

(Get Free Report)

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.