Princeton Bancorp (NASDAQ:BPRN) Releases Quarterly Earnings Results, Misses Estimates By $0.11 EPS

Princeton Bancorp (NASDAQ:BPRN) issued its earnings results on Tuesday. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.11), Zacks reports.

Princeton Bancorp Trading Down 1.9 %

BPRN opened at $32.71 on Thursday. Princeton Bancorp has a 12-month low of $29.02 and a 12-month high of $39.35. The company has a market cap of $224.03 million, a price-to-earnings ratio of 18.69 and a beta of 0.61. The company’s 50 day moving average is $35.12 and its 200 day moving average is $36.16.

Princeton Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 5th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend is Wednesday, February 5th. Princeton Bancorp’s payout ratio is currently 71.43%.

Analysts Set New Price Targets

Separately, Hovde Group started coverage on shares of Princeton Bancorp in a research note on Tuesday, November 19th. They set a “market perform” rating and a $40.00 target price on the 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.