BCB Bancorp, Inc. (NASDAQ:BCBP) to Issue $0.16 Quarterly Dividend

BCB Bancorp, Inc. (NASDAQ:BCBP) declared a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Investors of record on Friday, February 7th will be given a dividend of 0.16 per share by the bank on Monday, February 24th. 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 has increased its dividend by an average of 2.2% per year over the last three years. BCB Bancorp has a dividend payout ratio of 37.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect BCB Bancorp to earn $1.46 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 43.8%.

BCB Bancorp Stock Up 0.4 %

Shares of NASDAQ BCBP opened at $11.78 on Thursday. The firm has a market cap of $200.83 million, a price-to-earnings 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 52-week low of $9.19 and a 52-week high of $14.04. The business’s 50 day moving average is $12.16 and its two-hundred day moving average is $12.20.

BCB Bancorp (NASDAQ:BCBP) last announced its earnings results on Tuesday, January 28th. The bank reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.13). BCB Bancorp had a net margin of 10.59% and a return on equity of 7.31%. Research analysts predict that BCB Bancorp will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Transactions at BCB Bancorp

In related news, COO Ryan Blake sold 8,677 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $13.06, for a total transaction of $113,321.62. Following the completion of the transaction, the chief operating officer now owns 39,362 shares in the company, valued at approximately $514,067.72. The trade was a 18.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 15.86% of the company’s stock.

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.