Prudential Bancorp Inc (NASDAQ:PBIP) declared a quarterly dividend on Wednesday, August 19th, Zacks reports. Stockholders of record on Tuesday, September 8th will be given a dividend of 0.07 per share by the savings and loans company on Tuesday, September 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Friday, September 4th.
Prudential Bancorp has increased its dividend payment by 83.3% over the last three years and has increased its dividend every year for the last 1 years.
Prudential Bancorp stock traded down $0.06 during midday trading on Friday, reaching $11.28. 2,157 shares of the stock traded hands, compared to its average volume of 7,537. The company has a 50-day simple moving average of $11.51 and a two-hundred day simple moving average of $13.00. The firm has a market cap of $92.39 million, a PE ratio of 8.48 and a beta of -0.01. Prudential Bancorp has a 12-month low of $9.90 and a 12-month high of $18.59.
In other news, Director Raymond Vanaria purchased 5,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was bought at an average cost of $11.47 per share, for a total transaction of $57,350.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $57,350. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.20% of the stock is currently owned by insiders.
Separately, ValuEngine lowered Prudential Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd.
About Prudential Bancorp
Prudential Bancorp, Inc operates as the bank holding company for Prudential Bank that provides various banking products or services. The company accepts interest-bearing and non-interest-bearing checking, money market, savings, and certificates of deposit accounts. Its loan portfolio comprises single-family residential mortgage loans, construction and land development loans, non-residential or commercial real estate mortgage loans, home equity loans and lines of credit, and commercial business loans, as well as consumer loans, such as loans secured by deposit accounts and unsecured personal loans.
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