BCB Bancorp (NASDAQ:BCBP) Announces Quarterly Earnings Results

BCB Bancorp (NASDAQ:BCBP) released its quarterly earnings results on Tuesday. The bank reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.13), Zacks reports. BCB Bancorp had a net margin of 10.59% and a return on equity of 7.31%.

BCB Bancorp Trading Up 0.4 %

Shares of BCBP stock opened at $11.78 on Thursday. The company has a market capitalization of $200.83 million, a PE ratio of 10.07 and a beta of 0.61. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.79. BCB Bancorp has a 12-month low of $9.19 and a 12-month high of $14.04. The firm has a 50 day moving average price of $12.16 and a two-hundred day moving average price of $12.20.

BCB Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Friday, February 7th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date of this dividend is Friday, February 7th. BCB Bancorp’s dividend payout ratio (DPR) is presently 65.31%.

Insider Buying and Selling

In other BCB Bancorp news, COO Ryan Blake sold 8,677 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $13.06, for a total value of $113,321.62. Following the transaction, the chief operating officer now directly owns 39,362 shares of the company’s stock, valued at $514,067.72. This trade represents a 18.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.86% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted their price objective on shares of BCB Bancorp from $13.25 to $13.50 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd.

BCB Bancorp Company Profile

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.