BCB Bancorp (NASDAQ:BCBP) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

BCB Bancorp (NASDAQ:BCBP) released its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $25.29 million.

BCB Bancorp Trading Down 0.4 %

Shares of BCBP stock opened at $13.25 on Monday. The business’s fifty day moving average price is $12.17 and its 200 day moving average price is $11.07. BCB Bancorp has a 1-year low of $9.19 and a 1-year high of $13.90. The firm has a market capitalization of $224.68 million, a PE ratio of 8.49 and a beta of 0.57. 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 Announces Dividend

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

Analyst Ratings Changes

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

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.