Princeton Bancorp, Inc. (NASDAQ:BPRN – Get Free Report) declared a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Wednesday, August 5th will be paid a dividend of 0.35 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, August 5th.
Princeton Bancorp has increased its dividend by an average of 0.3%annually over the last three years. Princeton Bancorp has a dividend payout ratio of 39.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Princeton Bancorp to earn $3.83 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 36.6%.
Princeton Bancorp Trading Down 1.8%
Shares of BPRN opened at $37.69 on Thursday. Princeton Bancorp has a 12-month low of $29.69 and a 12-month high of $39.47. The stock has a market cap of $256.67 million, a P/E ratio of 13.18 and a beta of 0.48. The company has a 50-day moving average of $36.88 and a two-hundred day moving average of $35.74.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on BPRN shares. Weiss Ratings raised shares of Princeton Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 12th. Zacks Research raised shares of Princeton Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Princeton Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.
Check Out Our Latest Stock Analysis on BPRN
About Princeton Bancorp
Princeton Bancorp, Inc is the bank holding company for Princeton Bank, a community-focused financial institution based in Princeton, New Jersey. Through its wholly owned subsidiary, the company offers a full suite of personal and business banking services designed to meet the needs of individuals, families and local enterprises in central and southern New Jersey.
The company’s core offerings include checking and savings accounts, consumer and commercial lending, mortgage origination and refinancing, as well as treasury management solutions for small-to-medium-sized businesses.
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