New Risk • Aug 05
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €365k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Recent Insider Transactions • Aug 04
Vice Chairman of the Board recently sold €316k worth of stock On the 31st of July, Stephen Distler sold around 9k shares on-market at roughly €36.06 per share. This transaction amounted to 5.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Stephen has been a net seller over the last 12 months, reducing personal holdings by €597k. Declared Dividend • Jul 26
Second quarter dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 5th August 2026 Payment date: 28th August 2026 Dividend yield will be 3.8%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 36% per year over the past 8 years and payments have been stable during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. New Risk • Jul 25
New major risk - Revenue and earnings growth Earnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Aankondiging • Jul 24
Princeton Bancorp, Inc. announces Quarterly dividend, payable on August 28, 2026 Princeton Bancorp, Inc. announced Quarterly dividend of USD 0.3500 per share payable on August 28, 2026, ex-date on August 05, 2026 and record date on August 05, 2026. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. No experienced directors. 8 highly experienced directors. Director Susan Barrett was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 23
Princeton Bancorp, Inc. Declares Cash Dividend, Payable on May 28, 2026 Princeton Bancorp, Inc. announced that its Board of Directors, at a meeting held on April 21, 2026, declared a cash dividend of $0.35 per share of the common stock of the Company. This dividend will be paid on May 28, 2026, to shareholders of record at the close of business on May 5, 2026. Aankondiging • Mar 27
Princeton Bancorp, Inc., Annual General Meeting, Apr 21, 2026 Princeton Bancorp, Inc., Annual General Meeting, Apr 21, 2026. Aankondiging • Jan 22
Princeton Bancorp, Inc. Announces Quarterly Cash Dividend, Payable on February 27, 2026 Princeton Bancorp, Inc. announced that its Board of Directors, at a meeting held on January 21, 2026, declared a cash dividend of $0.35 per share of the common stock of the Company. This dividend will be paid on February 27, 2026, to shareholders of record at the close of business on February 4, 2026. Aankondiging • Oct 30
Princeton Bancorp, Inc. Declares Third Quarter Cash Dividend, Payable on November 26, 2025 Princeton Bancorp, Inc. announced that its Board of Directors, at a meeting held on October 29, 2025, declared a third quarter cash dividend of $0.35 per share of the common stock of the Company. This dividend will be paid on November 26, 2025, to shareholders of record at the close of business on November 7, 2025. Aankondiging • Jul 24
Princeton Bancorp Declares Cash Dividend, Payable August 29, 2025 Princeton Bancorp, Inc. announced that its Board of Directors declared a cash dividend of $0.30 per share of common stock, payable on August 29, 2025, to shareholders of record as of August 6, 2025. Aankondiging • Apr 23
Princeton Bancorp, Inc. Announces Quarterly Cash Dividend, Payable on May 29, 2025 Princeton Bancorp, Inc. announced that its Board of Directors, at a meeting held on April 22, 2025, declared a cash dividend of $0.30 per share of the common stock of the Company. This dividend will be paid on May 29, 2025, to shareholders of record at the close of business on May 6, 2025. Aankondiging • Mar 17
Princeton Bancorp, Inc., Annual General Meeting, Apr 22, 2025 Princeton Bancorp, Inc., Annual General Meeting, Apr 22, 2025. Aankondiging • Jan 23
Princeton Bancorp, Inc. Announces Declaration of Quarterly Cash Dividend, Payable on February 28, 2025 Princeton Bancorp, Inc. announced that its Board of Directors, at a meeting held on January 22, 2025, declared a cash dividend of $0.30 per share of the common stock of the Company. This dividend will be paid on February 28, 2025, to shareholders of record at the close of business on February 5, 2025. Aankondiging • Jul 25
Princeton Bancorp, Inc. Announces Quarterly Cash Dividend, Payable on August 30, 2024 Princeton Bancorp, Inc. announced that its Board of Directors, at a meeting held on July 24, 2024, declared a cash dividend of $0.30 per share of the common stock of the Company. This dividend will be paid on August 30, 2024, to shareholders of record at the close of business on August 9, 2024. Aankondiging • Apr 25
Princeton Bancorp, Inc. Announces Declaration of Quarterly Cash Dividend, Payable on May 31, 2024 Princeton Bancorp, Inc. announced that its Board of Directors, at a meeting held on April 24, 2024, declared a cash dividend of $0.30 per share of the common stock of the Company. This dividend will be paid on May 31, 2024 to shareholders of record at the close of business on May 10, 2024. "This dividend reflects the Board of Director's continuing commitment in providing a return to shareholders," stated Edward Dietzler, President and CEO. Aankondiging • Mar 30
Princeton Bancorp, Inc., Annual General Meeting, Apr 23, 2024 Princeton Bancorp, Inc., Annual General Meeting, Apr 23, 2024, at 10:00 US Eastern Standard Time. Agenda: To consider the election of eight directors to the company’s board of directors, each to serve until the 2025 annual meeting of shareholders, and until his or her successor is elected and qualified; to consider an advisory vote to approve our named executive officer compensation; to consider a proposal to approve an amendment to the company’s articles of incorporation to authorize a class of 2,000,000 shares of preferred stock. Aankondiging • Jan 25
Princeton Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on March 1, 2024 Princeton Bancorp, Inc. announced that its Board of Directors, at a meeting held on January 24, 2024, declared a cash dividend of $0.30 per share of the common stock of the Company. This dividend will be paid on March 1, 2024 to shareholders of record at the close of business on February 9, 2024. Aankondiging • Jan 18
Princeton Bancorp, Inc. (NasdaqGS:BPRN) entered into an agreement to acquire Cornerstone Financial Corporation (OTCPK:CFIC) for $17.9 million. Princeton Bancorp, Inc. (NasdaqGS:BPRN) entered into an agreement to acquire Cornerstone Financial Corporation (OTCPK:CFIC) for $17.9 million on January 18, 2024. As part of consideration, each share of Cornerstone common stock outstanding will be exchanged for 0.24 shares of Princeton Bancorp. Each share of Cornerstone’s preferred stock outstanding will be exchanged for its stated value of $1,000 per share. CFIC preferred equity of $3.3 million will be repaid at transaction closing. Princeton Bancorp will acquire Cornerstone in a transaction valued at approximately $17.9 million. Under the terms of the merger agreement, Cornerstone will merge with, into and under the charter of Princeton Bancorp. As of the effective time of the merger, one member of the board of directors of Cornerstone, to be selected by the Nominating/Governance Committee of Princeton Bancorp, will be appointed to the board of directors of Princeton Bancorp.
The transaction has been approved by the boards of directors of both companies. The transaction is subject to receipt of all required banking regulatory approvals, Cornerstone stockholder approval and certain financial and other contingencies. The transaction is expected to close in the second or third quarter of 2024. The transaction is also expected to be 21% accretive to Princeton Bancorp’s 2025 earnings per share on a GAAP basis and 16% accretive on a cash basis.
Raymond James & Associates, Inc. acted as financial advisor and Stevens & Lee, P.C. acted as legal counsel to Princeton Bancorp. Janney Montgomery Scott acted as financial advisor to Cornerstone and rendered a fairness opinion. Windels Marx Lane & Mittendorf, LLP acted as legal counsel to Cornerstone. Aankondiging • Oct 26
Princeton Bancorp, Inc. Announces of Quarterly Cash Dividend, Payable on November 30, 2023 Princeton Bancorp, Inc. announced that its Board of Directors, at a meeting held on October 25, 2023, declared a cash dividend of $0.30 per share of the common stock of the Company. This dividend will be paid on November 30, 2023 to shareholders of record at the close of business on November 13, 2023. Aankondiging • Aug 11
Princeton Bancorp, Inc. (NasdaqGS:BPRN) announces an Equity Buyback for 314,000 shares, representing 5% for $10.7 million. Princeton Bancorp, Inc. (NasdaqGS:BPRN) announces a share repurchase program. Under the program, the company will repurchase up to 314,000 shares, representing 5% of its issued share capital for $10.7 million. The shares will be repurchased at a price of not less than the Company’s tangible book value per share. Aankondiging • Jul 23
Princeton Bancorp, Inc. Announces Declaration of Quarterly Cash Dividend, Payable on August 31, 2023 Princeton Bancorp, Inc. announced that its Board of Directors, at a meeting held on July 20, 2023, declared a cash dividend of $0.30 per share of the common stock of the Company. This dividend will be paid on August 31, 2023 to shareholders of record at the close of business on August 9, 2023. Aankondiging • May 21
The Bank of Princeton (NasdaqGS:BPRN) acquired Noah Bank. The Bank of Princeton (NasdaqGS:BPRN) entered into a definitive agreement to acquire Noah Bank for approximately $25.4 million on October 19, 2022. The terms of the merger agreement has been approved by the boards of directors of both companies. The transaction is subject to receipt of all required banking regulatory approvals, shareholder approvals, Noah stockholder approval and certain financial and other contingencies. As of February 7, 2023, The Bank of Princeton has received regulatory approval in the deal. The transaction is expected to close in the second quarter of 2023. The transaction is expected to be accretive to The Bank of Princeton's earnings per share in the first year after the acquisition closes. Janney Montgomery Scott served as financial advisor to The Bank of Princeton. Stevens & Lee, P.C. is serving as legal counsel to the Bank. Piper Sandler & Co. served as financial advisor to Noah Bank and rendered a fairness opinion. Holland & Knight, LLP is serving as legal counsel to Noah Bank.
The Bank of Princeton (NasdaqGS:BPRN) acquired Noah Bank on May 19, 2023. Under the agreement, Noah merged with and into TBOP with TBOP surviving the merger under TBOP's charter and bylaws. Aankondiging • Jan 26
Princeton Bancorp, Inc. Announces Declaration of Quarterly Cash Dividend, Payable on March 3, 2023 Princeton Bancorp, Inc. announced that its Board of Directors, at a meeting held on January 25, 2023, declared a cash dividend of $0.30 per share of the common stock of the company. This dividend will be paid on March 3, 2023 to shareholders of record at the close of business on February 10, 2023. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. President, CEO & Director Ed Dietzler was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Recent Insider Transactions • Oct 30
Vice Chairman of the Board recently sold €81k worth of stock On the 27th of October, Stephen Distler sold around 3k shares on-market at roughly €31.69 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Stephen's only on-market trade for the last 12 months. Upcoming Dividend • Oct 27
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 03 November 2022. Payment date: 25 November 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (6.5%). Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: US$1.11 (vs US$0.90 in 3Q 2021) Third quarter 2022 results: EPS: US$1.11 (up from US$0.90 in 3Q 2021). Revenue: US$19.2m (up 18% from 3Q 2021). Net income: US$6.98m (up 18% from 3Q 2021). Profit margin: 36% (in line with 3Q 2021). Revenue is expected to decline by 1.6% p.a. on average during the next 2 years, while revenues in the Banks industry in Europe are expected to grow by 5.4%. Aankondiging • Oct 20
The Bank of Princeton Announces Declaration Quarterly Cash Dividend, to Be Paid on November 25, 2022 The Bank of Princeton announced that its Board of Directors, at a meeting held on October 19, 2022, declared a cash dividend of $0.25 per share of the common stock of the Bank. This dividend will be paid on November 25, 2022 to shareholders of record at the close of business on November 4, 2022. The paying of cash dividends on a quarterly basis is subject to a determination and declaration each quarter by its Board of Directors, which will take into account a number of factors, including the financial condition of the Bank, and any applicable legal and regulatory restrictions on the payment of dividends by the Bank. If paid, such dividends may be reduced or eliminated in future periods. Reported Earnings • Jul 23
Second quarter 2022 earnings released: EPS: US$1.00 (vs US$0.82 in 2Q 2021) Second quarter 2022 results: EPS: US$1.00 (up from US$0.82 in 2Q 2021). Revenue: US$17.4m (up 10% from 2Q 2021). Net income: US$6.33m (up 14% from 2Q 2021). Profit margin: 36% (up from 35% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 3.0% compared to a 14% growth forecast for the industry in Germany. Aankondiging • Jul 21
The Bank of Princeton Announces Declaration of Quarterly Cash Dividend, to Be Paid on August 26, 2022 The Bank of Princeton announced that its Board of Directors, at a meeting held on July 20, 2022, declared a cash dividend of $0.25 per share of the common stock of the Bank. This dividend will be paid on August 26, 2022 to shareholders of record at the close of business on August 5, 2022. Recent Insider Transactions • Jun 11
Executive VP & Chief Lending Officer recently sold €55k worth of stock On the 8th of June, Stephanie Adkins sold around 2k shares on-market at roughly €27.62 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €7.4k more than they sold in the last 12 months. Upcoming Dividend • Apr 28
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 05 May 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.0%). Lower than average of industry peers (6.5%). Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: US$0.93 (vs US$0.71 in 1Q 2021) First quarter 2022 results: EPS: US$0.93 (up from US$0.71 in 1Q 2021). Revenue: US$16.9m (up 17% from 1Q 2021). Net income: US$6.02m (up 24% from 1Q 2021). Profit margin: 36% (up from 34% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 3.5% compared to a 8.1% growth forecast for the industry in Germany. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. President, CEO & Director Ed Dietzler was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Apr 23
First quarter 2022 earnings released: EPS: US$0.93 (vs US$0.71 in 1Q 2021) First quarter 2022 results: EPS: US$0.93 (up from US$0.71 in 1Q 2021). Revenue: US$16.9m (up 17% from 1Q 2021). Net income: US$6.02m (up 24% from 1Q 2021). Profit margin: 36% (up from 34% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 5.5% compared to a 8.2% growth forecast for the industry in Germany. Aankondiging • Apr 21
The Bank of Princeton Announces Quarterly Cash Dividend, Payable on May 27, 2022 The Bank of Princeton announced that its Board of Directors, at a meeting held on April 20, 2022, declared a cash dividend of $0.25 per share of the common stock of the Bank. This dividend will be paid on May 27, 2022 to shareholders of record at the close of business on May 6, 2022. Reported Earnings • Jan 30
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$3.37 (up from US$2.04 in FY 2020). Revenue: US$63.6m (up 31% from FY 2020). Net income: US$22.5m (up 63% from FY 2020). Profit margin: 35% (up from 28% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Over the next year, revenue is expected to shrink by 9.6% compared to a 11% growth forecast for the banks industry in Germany. Aankondiging • Jan 27
The Bank of Princeton (NasdaqGS:BPRN) announces an Equity Buyback for 324,017 shares, representing 5% for $10.3 million. The Bank of Princeton (NasdaqGS:BPRN) announces a share repurchase program. Under the program, the company will repurchase up to 324,017 shares, representing 5% of its issued share capital for $10.3 million. The program is subject to approval of FDIC and New Jersey Department of Banking and Insurance. Upcoming Dividend • Oct 28
Upcoming dividend of US$0.18 per share Eligible shareholders must have bought the stock before 04 November 2021. Payment date: 26 November 2021. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.9%). Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS US$0.90 (vs US$0.52 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$16.2m (up 34% from 3Q 2020). Net income: US$5.93m (up 67% from 3Q 2020). Profit margin: 37% (up from 29% in 3Q 2020). The increase in margin was driven by higher revenue. Upcoming Dividend • Jul 29
Upcoming dividend of US$0.18 per share Eligible shareholders must have bought the stock before 05 August 2021. Payment date: 27 August 2021. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.7%). Reported Earnings • Jul 25
Second quarter 2021 earnings released: EPS US$0.82 (vs US$0.46 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$15.8m (up 33% from 2Q 2020). Net income: US$5.52m (up 77% from 2Q 2020). Profit margin: 35% (up from 26% in 2Q 2020). The increase in margin was driven by higher revenue. Recent Insider Transactions • May 09
Insider recently bought €72k worth of stock On the 6th of May, Martin Tuchman bought around 3k shares on-market at roughly €24.99 per share. In the last 3 months, they made an even bigger purchase worth €79k. Insiders have collectively bought €118k more in shares than they have sold in the last 12 months. Upcoming Dividend • Apr 29
Upcoming dividend of US$0.18 per share Eligible shareholders must have bought the stock before 06 May 2021. Payment date: 28 May 2021. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (3.2%). In line with average of industry peers (2.8%). Reported Earnings • Apr 24
First quarter 2021 earnings released: EPS US$0.71 (vs US$0.45 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$14.5m (up 28% from 1Q 2020). Net income: US$4.85m (up 60% from 1Q 2020). Profit margin: 34% (up from 27% in 1Q 2020). The increase in margin was driven by higher revenue. Recent Insider Transactions • Mar 07
Insider recently bought €79k worth of stock On the 2nd of March, Martin Tuchman bought around 4k shares on-market at roughly €22.57 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €132k more in shares than they have sold in the last 12 months. Is New 90 Day High Low • Mar 03
New 90-day high: €22.04 The company is up 15% from its price of €19.09 on 03 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €41.31 per share. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improved over the past week After last week's 15% share price gain to US$20.39, the stock is trading at a trailing P/E ratio of 12.2x, up from the previous P/E ratio of 10.6x. This compares to an average P/E of 12x in the Banks industry in Europe. Reported Earnings • Jan 30
Full year 2020 earnings released: EPS US$2.04 (vs US$1.51 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$48.4m (up 21% from FY 2019). Net income: US$13.8m (up 36% from FY 2019). Profit margin: 28% (up from 25% in FY 2019). The increase in margin was driven by higher revenue. Analyst Estimate Surprise Post Earnings • Jan 30
Revenue beats expectations Revenue exceeded analyst estimates by 0.2%. Over the next year, revenue is forecast to grow 4.6%, compared to a 23% growth forecast for the Banks industry in Germany. 
