BCB Bancorp (NASDAQ:BCBP) Releases Quarterly Earnings Results, Misses Expectations By $0.13 EPS

BCB Bancorp (NASDAQ:BCBP - Get Free Report) released its earnings results on Tuesday. The bank reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.13), Zacks reports. BCB Bancorp had a net margin of 9.46% and a return on equity of 6.33%.

BCB Bancorp Price Performance

Shares of BCBP stock traded up $0.25 during mid-day trading on Friday, reaching $10.87. The company's stock had a trading volume of 69,480 shares, compared to its average volume of 60,261. The firm's 50-day moving average is $12.11 and its two-hundred day moving average is $12.19. The company has a market cap of $185.33 million, a P/E ratio of 11.09 and a beta of 0.61. BCB Bancorp has a 1-year low of $9.19 and a 1-year high of $14.04. 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 firm also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, February 7th. This represents a $0.64 dividend on an annualized basis and a yield of 5.89%. BCB Bancorp's dividend payout ratio is currently 65.31%.

Insider Activity

In related news, COO Ryan Blake sold 8,677 shares of the stock in a transaction dated 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 sale, the chief operating officer now owns 39,362 shares in the company, valued at $514,067.72. This trade represents a 18.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 15.86% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BCBP shares. Keefe, Bruyette & Woods lowered their price objective on shares of BCB Bancorp from $15.00 to $13.75 and set a "market perform" rating on the stock in a research note on Thursday. Piper Sandler dropped their price objective on shares of BCB Bancorp from $14.00 to $13.00 and set a "neutral" rating on the stock in a report on Thursday.

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.