Princeton Bancorp (NASDAQ:BPRN) Issues Quarterly Earnings Results, Misses Expectations By $1.24 EPS

Princeton Bancorp (NASDAQ:BPRN) announced 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 quarter in the prior year, the company earned $0.80 EPS.

Princeton Bancorp Price Performance

Princeton Bancorp stock traded down $0.32 during mid-day trading on Wednesday, reaching $35.80. 1,213 shares of the company were exchanged, compared to its average volume of 10,469. The firm has a market cap of $226.22 million, a PE ratio of 9.52 and a beta of 0.58. The company has a fifty day simple moving average of $36.72 and a 200-day simple moving average of $33.98. Princeton Bancorp has a 12 month low of $28.66 and a 12 month high of $39.21.

Princeton Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 28th. Investors of record on Tuesday, November 5th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Tuesday, November 5th. Princeton Bancorp’s dividend payout ratio (DPR) is currently 31.91%.

Insider Activity

In related news, insider Stephanie Adkins sold 2,000 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 7,377 shares in the company, valued at approximately $258,932.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 23.00% 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.