DA Davidson Issues Negative Outlook for BCB Bancorp Earnings

BCB Bancorp, Inc. (NASDAQ:BCBP - Free Report) - Equities research analysts at DA Davidson cut their FY2025 EPS estimates for shares of BCB Bancorp in a research report issued to clients and investors on Thursday, April 24th. DA Davidson analyst M. Navas now expects that the bank will post earnings of $0.13 per share for the year, down from their previous estimate of $1.15. The consensus estimate for BCB Bancorp's current full-year earnings is $1.24 per share.

A number of other research analysts also recently commented on the stock. Piper Sandler dropped their price objective on shares of BCB Bancorp from $14.00 to $13.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. Keefe, Bruyette & Woods dropped their price target on shares of BCB Bancorp from $12.50 to $10.50 and set a "market perform" rating for the company in a research report on Thursday.

BCB Bancorp Price Performance

BCBP stock opened at $8.46 on Monday. The stock has a market capitalization of $145.20 million, a price-to-earnings ratio of 8.63 and a beta of 0.57. 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 $8.41 and a 52-week high of $14.04. The stock's fifty day simple moving average is $9.68 and its 200-day simple moving average is $11.23.

BCB Bancorp (NASDAQ:BCBP - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The bank reported ($0.51) earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.74). The firm had revenue of $23.80 million during the quarter, compared to analyst estimates of $24.28 million. BCB Bancorp had a net margin of 9.46% and a return on equity of 6.33%.

Institutional Investors Weigh In On BCB Bancorp

Hedge funds have recently modified their holdings of the stock. Voya Investment Management LLC grew its position in BCB Bancorp by 35.8% in the fourth quarter. Voya Investment Management LLC now owns 321,096 shares of the bank's stock valued at $3,802,000 after acquiring an additional 84,617 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in BCB Bancorp by 345.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 59,707 shares of the bank's stock valued at $737,000 after purchasing an additional 46,302 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in BCB Bancorp by 131.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,690 shares of the bank's stock valued at $790,000 after purchasing an additional 37,820 shares in the last quarter. Root Financial Partners LLC increased its stake in BCB Bancorp by 78.6% during the 1st quarter. Root Financial Partners LLC now owns 50,000 shares of the bank's stock worth $493,000 after buying an additional 22,000 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in BCB Bancorp by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 974,952 shares of the bank's stock worth $11,543,000 after buying an additional 21,826 shares in the last quarter. 36.00% of the stock is currently owned by hedge funds and other institutional investors.

BCB Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 7.57%. The ex-dividend date of this dividend is Wednesday, May 7th. BCB Bancorp's payout ratio is 426.67%.

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.

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