Princeton Bancorp (NASDAQ:BPRN) Posts Earnings Results, Misses Expectations By $0.11 EPS

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

Princeton Bancorp Stock Up 0.4 %

NASDAQ:BPRN traded up $0.13 during midday trading on Tuesday, reaching $33.36. The stock had a trading volume of 3,349 shares, compared to its average volume of 7,010. The firm has a fifty day simple moving average of $35.18 and a two-hundred day simple moving average of $36.18. Princeton Bancorp has a 12-month low of $29.02 and a 12-month high of $39.35. The stock has a market cap of $228.52 million, a P/E ratio of 19.06 and a beta of 0.61.

Princeton Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 5th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, February 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.60%. Princeton Bancorp’s payout ratio is 68.57%.

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.

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.