Princeton Bancorp (BPRN) Projected to Post Earnings on Thursday

Princeton Bancorp (NASDAQ:BPRN) is projected to post its quarterly earnings results before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.86 per share for the quarter.

Princeton Bancorp (NASDAQ:BPRN) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.06). The company had revenue of $33.87 million during the quarter, compared to analysts’ expectations of $19.30 million. During the same period last year, the firm posted $0.80 earnings per share. On average, analysts expect Princeton Bancorp to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Princeton Bancorp Trading Up 2.5 %

Shares of Princeton Bancorp stock opened at $33.89 on Thursday. Princeton Bancorp has a 1-year low of $29.02 and a 1-year high of $39.35. The stock has a market capitalization of $232.11 million, a price-to-earnings ratio of 19.37 and a beta of 0.61. The firm has a fifty day simple moving average of $36.08 and a 200-day simple moving average of $36.20.

Princeton Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 28th. Stockholders of record on Tuesday, November 5th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend was Tuesday, November 5th. Princeton Bancorp’s dividend payout ratio is presently 68.57%.

Wall Street Analyst Weigh In

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