Princeton Bancorp, Inc. (NASDAQ:BPRN – Get Free Report) declared a quarterly dividend on Tuesday, October 22nd, Zacks reports. Shareholders of record on Tuesday, November 5th will be paid a dividend of 0.30 per share on Thursday, November 28th. This represents a $1.20 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Tuesday, November 5th.
Princeton Bancorp has increased its dividend by an average of 44.2% annually over the last three years. Princeton Bancorp has a dividend payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Princeton Bancorp to earn $3.28 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 36.6%.
Princeton Bancorp Stock Up 2.1 %
Shares of BPRN opened at $35.85 on Friday. The company has a market capitalization of $227.65 million, a P/E ratio of 20.49 and a beta of 0.58. Princeton Bancorp has a twelve month low of $28.66 and a twelve month high of $39.21. The firm has a 50 day moving average of $36.64 and a 200 day moving average of $34.08.
Insider Buying and Selling at Princeton Bancorp
In other Princeton Bancorp news, insider Stephanie Adkins sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $35.10, for a total transaction of $70,200.00. Following the completion of the sale, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $258,932.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 23.00% of the company’s stock.
Princeton Bancorp Company Profile
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.
Featured Articles
- Five stocks we like better than Princeton Bancorp
- What does consumer price index measure?
- From PACs to Portfolios: Billionaire Bets and Investor Reactions
- Why is the Ex-Dividend Date Significant to Investors?
- AppLovin Stock Quadruples: What’s Behind the Bullish Sentiment?
- How to Invest in Insurance Companies: A Guide
- Battle of the Retailers: Who Comes Out on Top?
Receive News & Ratings for Princeton Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Princeton Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.