BCB Bancorp, Inc. (NASDAQ:BCBP – Get Free Report) announced a quarterly dividend on Friday, October 18th, Zacks reports. Investors of record on Friday, November 1st will be paid a dividend of 0.16 per share by the bank on Friday, November 15th. This represents a $0.64 annualized dividend and a dividend yield of 4.83%. The ex-dividend date is Friday, November 1st.
BCB Bancorp has increased its dividend by an average of 4.6% annually over the last three years. BCB Bancorp has a payout ratio of 41.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect BCB Bancorp to earn $1.56 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 41.0%.
BCB Bancorp Stock Performance
NASDAQ BCBP opened at $13.25 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $224.68 million, a P/E ratio of 8.49 and a beta of 0.57. BCB Bancorp has a 12-month low of $9.19 and a 12-month high of $13.90. The firm has a 50-day moving average price of $12.17 and a two-hundred day moving average price of $11.07.
Analyst Ratings Changes
A number of analysts have issued reports on BCBP shares. Keefe, Bruyette & Woods boosted their price objective on shares of BCB Bancorp from $12.00 to $13.00 and gave the company a “market perform” rating in a report on Tuesday, July 23rd. Piper Sandler boosted their price objective on shares of BCB Bancorp from $11.50 to $14.00 and gave the company a “neutral” rating in a report on Monday, July 29th.
Read Our Latest Report on BCBP
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.
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