Princeton Bancorp, Inc. (BPRN) To Go Ex-Dividend on November 7th

Princeton Bancorp, Inc. (NASDAQ:BPRN) announced a quarterly dividend on Wednesday, October 29th. Investors of record on Friday, November 7th will be given a dividend of 0.35 per share on Wednesday, November 26th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, November 7th. This is a 16.7% increase from Princeton Bancorp’s previous quarterly dividend of $0.30.

Princeton Bancorp has a dividend payout ratio of 39.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Princeton Bancorp to earn $3.73 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 37.5%.

Princeton Bancorp Stock Performance

Shares of NASDAQ:BPRN opened at $31.99 on Wednesday. The stock has a market capitalization of $215.91 million, a price-to-earnings ratio of 12.46 and a beta of 0.65. Princeton Bancorp has a 1-year low of $27.25 and a 1-year high of $39.35. The company has a 50 day moving average price of $31.78 and a 200 day moving average price of $31.42.

Princeton Bancorp (NASDAQ:BPRN) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $21.53 million for the quarter, compared to analyst estimates of $20.33 million. On average, sell-side analysts expect that Princeton Bancorp will post 3.35 EPS for the current fiscal year.

Insider Transactions at Princeton Bancorp

In other news, Director Susan Barrett purchased 1,600 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was bought at an average cost of $31.50 per share, with a total value of $50,400.00. Following the purchase, the director directly owned 4,542 shares of the company’s stock, valued at approximately $143,073. This trade represents a 54.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Martin Tuchman acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was purchased at an average price of $33.00 per share, for a total transaction of $330,000.00. Following the acquisition, the director directly owned 639,141 shares of the company’s stock, valued at $21,091,653. The trade was a 1.59% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 12,600 shares of company stock valued at $411,400 in the last three months. Corporate insiders own 21.90% of the company’s stock.

Institutional Trading of Princeton Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Princeton Bancorp during the 2nd quarter worth about $38,000. Raymond James Financial Inc. acquired a new stake in Princeton Bancorp in the 2nd quarter worth approximately $61,000. Tower Research Capital LLC TRC boosted its position in Princeton Bancorp by 584.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,191 shares of the company’s stock worth $67,000 after purchasing an additional 1,871 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Princeton Bancorp by 14.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,360 shares of the company’s stock valued at $103,000 after purchasing an additional 431 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Princeton Bancorp in the first quarter valued at approximately $229,000. Institutional investors and hedge funds own 43.36% of the company’s stock.

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.