Princeton Bancorp (NASDAQ:BPRN) Releases Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Princeton Bancorp (NASDAQ:BPRNGet Free Report) released its quarterly earnings results on Tuesday. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.06), Yahoo Finance reports. The firm had revenue of $33.87 million during the quarter, compared to analyst estimates of $19.30 million. During the same period in the previous year, the company posted $0.80 EPS.

Princeton Bancorp Stock Performance

Princeton Bancorp stock opened at $35.12 on Friday. The company’s 50 day simple moving average is $36.69 and its 200-day simple moving average is $34.00. Princeton Bancorp has a 1 year low of $28.66 and a 1 year high of $39.21. The company has a market capitalization of $223.01 million, a price-to-earnings ratio of 20.07 and a beta of 0.58.

Princeton Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 28th. Shareholders of record on Tuesday, November 5th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date is Tuesday, November 5th. Princeton Bancorp’s dividend payout ratio is presently 68.57%.

Insider Buying and Selling

In other Princeton Bancorp news, insider Stephanie Adkins sold 2,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 7,377 shares of the company’s stock, valued at $258,932.70. The trade was 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 available through this link. 23.00% of the stock is currently owned by corporate insiders.

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.

Further Reading

Earnings History for Princeton Bancorp (NASDAQ:BPRN)

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