Princeton Bancorp (NASDAQ:BPRN) Posts Earnings Results, Misses Expectations By $1.24 EPS

Princeton Bancorp (NASDAQ:BPRN) posted its quarterly earnings data on Tuesday. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($1.24), RTT News reports. During the same quarter in the prior year, the business posted $0.80 EPS.

Princeton Bancorp Stock Performance

BPRN traded down $0.32 during trading on Wednesday, reaching $35.80. 1,197 shares of the stock were exchanged, compared to its average volume of 10,469. The stock has a market cap of $226.22 million, a P/E ratio of 9.52 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 stock’s 50 day moving average price is $36.72 and its two-hundred day moving average price is $33.98.

Princeton Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 28th. Investors of record on Tuesday, November 5th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $1.20 dividend on an annualized basis and a yield of 3.35%. Princeton Bancorp’s payout ratio is 31.91%.

Insider Buying and Selling

In related news, insider Stephanie Adkins sold 2,000 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 7,377 shares in the company, valued at approximately $258,932.70. The trade was 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 this hyperlink. 23.00% of the stock is owned by corporate insiders.

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.