BCB Bancorp (NASDAQ:BCBP) Posts Quarterly Earnings Results

BCB Bancorp (NASDAQ:BCBP) announced its quarterly earnings results on Tuesday. The bank reported ($0.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.74), Zacks reports. BCB Bancorp had a net margin of 9.46% and a return on equity of 6.33%.

BCB Bancorp Stock Performance

BCB Bancorp stock opened at $9.40 on Tuesday. BCB Bancorp has a fifty-two week low of $8.66 and a fifty-two week high of $14.04. The company has a market capitalization of $161.33 million, a price-to-earnings ratio of 9.59 and a beta of 0.57. The stock has a fifty day moving average of $9.81 and a two-hundred day moving average of $11.32. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.23 and a current ratio of 1.23.

BCB Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Friday, February 7th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 6.81%. The ex-dividend date of this dividend was Friday, February 7th. BCB Bancorp’s payout ratio is currently 65.31%.

Analyst Ratings Changes

BCBP has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods dropped their target price on shares of BCB Bancorp from $15.00 to $13.75 and set a “market perform” rating for the company in a report on Thursday, January 30th. Piper Sandler dropped their price target on BCB Bancorp from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th.

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.