Procore signs multi-year strategic collaboration agreement with AWS
PRINCETON, N.J. - Princeton Bancorp, Inc. (NASDAQ:BPRN), the holding company for The Bank of Princeton, announced today that its Board of Directors has declared a quarterly cash dividend of $0.30 per share, representing an attractive 4.22% dividend yield. With a market capitalization of approximately $206 million and trading at $29.52, InvestingPro analysis indicates the stock is fairly valued. Shareholders of record as of May 6, 2025, will receive the dividend payment on May 29, 2025.
Edward Dietzler, President and CEO of Princeton Bancorp, Inc., stated, "This dividend reflects the Board of Director’s continuing commitment in providing a return to shareholders."
The declaration of future quarterly dividends will be subject to the Board’s discretion and will depend on various factors, including the company’s financial condition and any legal and regulatory restrictions.
Princeton Bancorp, Inc. is a community bank with a network that includes 28 branches across New Jersey, five branches in the Philadelphia, Pennsylvania area, and two in the New York City metropolitan area. The Bank of Princeton was established in 2007 and is a member of the Federal Deposit Insurance Corporation. The bank has demonstrated steady growth, with a 12% revenue CAGR over the past five years.
The company’s forward-looking statements, including those regarding its dividend payments and financial strategies, are subject to change due to various significant factors. These factors include the current economic climate, market conditions, and regulatory requirements, among others. The company cautions that this list of factors is not exhaustive and that it does not commit to updating any forward-looking statements.
The information in this article is based on a press release statement from Princeton Bancorp, Inc.
In other recent news, Privia Health Group, Inc. reported fourth-quarter results that exceeded analyst expectations. The company posted adjusted earnings per share of $0.21, surpassing the estimated $0.05, while revenue for the quarter was $460.9 million, exceeding the consensus forecast of $420.94 million. This represents a 4.6% increase compared to the same period last year. For the full year 2024, Privia Health reported revenue of $1.74 billion, marking a 4.7% year-over-year increase, with adjusted EBITDA growing 25.2% to $90.5 million. Despite this positive performance, the company’s 2025 revenue guidance of $1.8-1.9 billion fell short of analysts’ expectations, which were set at $1.89 billion. Privia Health attributed this shortfall to a challenging Medicare Advantage and value-based care environment. The company ended 2024 with $491.1 million in cash and no debt, generating $109.3 million in operating cash flow, a 35.3% increase from 2023. Looking ahead, Privia Health expects to increase its implemented providers to 5,200-5,300 in 2025 and forecasts adjusted EBITDA of $105-110 million for the year.
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