BCB Bancorp (NASDAQ:BCBP) Announces Quarterly Earnings Results

BCB Bancorp (NASDAQ:BCBP) issued its quarterly earnings data on Friday. The bank reported $0.36 EPS for the quarter, topping the consensus estimate of $0.32 by $0.04, Zacks reports. BCB Bancorp had a return on equity of 7.42% and a net margin of 10.67%. The business had revenue of $51.75 million for the quarter, compared to the consensus estimate of $25.29 million.

BCB Bancorp Trading Down 0.4 %

BCBP opened at $13.25 on Monday. The firm has a market capitalization of $224.68 million, a price-to-earnings ratio of 8.49 and a beta of 0.57. The company’s 50 day moving average price is $12.17 and its two-hundred day moving average price is $11.07. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.21 and a quick ratio of 1.19. BCB Bancorp has a fifty-two week low of $9.19 and a fifty-two week high of $13.90.

BCB Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.16 dividend. The ex-dividend date is Friday, November 1st. This represents a $0.64 dividend on an annualized basis and a yield of 4.83%. BCB Bancorp’s payout ratio is presently 41.03%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Keefe, Bruyette & Woods increased their target price on shares of BCB Bancorp from $12.00 to $13.00 and gave the stock a “market perform” rating in a report on Tuesday, July 23rd. Piper Sandler increased their price target on BCB Bancorp from $11.50 to $14.00 and gave the company a “neutral” rating in a research note on Monday, July 29th.

About BCB Bancorp

BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank that engages in the provision of banking products and services to businesses and individuals in the United States. The company offers insured deposit products, including savings and club accounts, interest and non-interest-bearing demand accounts, money market accounts, certificates of deposit, and individual retirement accounts.