Princeton Bancorp, Inc. (BPRN) To Go Ex-Dividend on November 10th

Princeton Bancorp, Inc. (NASDAQ:BPRN) announced a quarterly dividend on Wednesday, October 28th. Stockholders of record on Wednesday, November 11th will be given a dividend of $0.40 per share on Wednesday, November 25th. This represents a $1.60 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, November 10th. This is a 14.3% increase from Princeton Bancorp’s previous quarterly dividend of $0.35.

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 44.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Princeton Bancorp to earn $4.01 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 39.9%.

Princeton Bancorp Trading Up 1.3%

Shares of BPRN stock opened at $44.54 on Friday. The firm has a fifty day moving average price of $43.51 and a 200 day moving average price of $38.51. The company has a market cap of $303.45 million, a P/E ratio of 14.85 and a beta of 0.48. Princeton Bancorp has a 12 month low of $31.71 and a 12 month high of $46.33.

Princeton Bancorp (NASDAQ:BPRN) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.80). The business had revenue of $22.47 million during the quarter, compared to analyst estimates of $22.35 million. Princeton Bancorp had a net margin of 15.01% and a return on equity of 7.43%. On average, equities analysts forecast that Princeton Bancorp will post 3.09 EPS for the current year.

Insiders Place Their Bets

In related news, Director Martin Tuchman acquired 10,534 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were bought at an average price of $42.98 per share, with a total value of $452,751.32. Following the completion of the acquisition, the director owned 24,138 shares in the company, valued at $1,037,451.24. This trade represents a 77.43% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 23.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BPRN. NewEdge Advisors LLC purchased a new stake in Princeton Bancorp in the first quarter valued at $30,000. Deutsche Bank AG acquired a new position in Princeton Bancorp in the second quarter valued at $189,000. Hsbc Holdings PLC purchased a new position in shares of Princeton Bancorp during the second quarter worth about $282,000. Squarepoint Ops LLC purchased a new position in shares of Princeton Bancorp during the second quarter worth about $359,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Princeton Bancorp during the second quarter worth about $375,000. 43.36% of the stock is owned by hedge funds and other institutional investors.

About Princeton Bancorp

Princeton Bancorp, Inc is a bank holding company headquartered in Princeton, New Jersey. Its principal subsidiary, The Bank of Princeton, provides banking services to individuals, businesses and organizations through its community banking franchise.

The Bank of Princeton offers deposit products, residential and commercial real estate loans, commercial and industrial financing, construction lending, consumer loans and other traditional banking services. It also provides online and mobile banking tools, treasury management and related services designed to support business and personal financial needs.

Founded in 2007, The Bank of Princeton serves communities in central New Jersey and the greater Philadelphia region, including southern New Jersey and nearby Pennsylvania markets.