BCB Bancorp (NASDAQ:BCBP - Get Free Report) announced its earnings results on Tuesday. The bank reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. The business had revenue of $23.80 million for the quarter, compared to analyst estimates of $24.28 million.
BCB Bancorp Stock Performance
Shares of NASDAQ BCBP traded down $0.17 during midday trading on Friday, hitting $8.63. 8,048 shares of the company's stock were exchanged, compared to its average volume of 49,563. The stock's 50 day moving average price is $9.72 and its 200-day moving average price is $11.26. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market cap of $148.03 million, a P/E ratio of 8.84 and a beta of 0.57. BCB Bancorp has a twelve month low of $8.42 and a twelve month high of $14.04.
BCB Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.64 annualized dividend and a yield of 7.42%. BCB Bancorp's payout ratio is 426.67%.
Analysts Set New Price Targets
Several analysts recently commented on BCBP shares. Keefe, Bruyette & Woods dropped their price target on BCB Bancorp from $12.50 to $10.50 and set a "market perform" rating for the company in a research report on Thursday. Piper Sandler decreased their target price on BCB Bancorp from $14.00 to $13.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th.
View Our Latest Research Report on BCB Bancorp
About BCB Bancorp
(
Get Free Report)
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.
Recommended Stories
Before you consider BCB Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BCB Bancorp wasn't on the list.
While BCB Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
