Brokers Issue Forecasts for BCB Bancorp, Inc.'s Q3 2024 Earnings (NASDAQ:BCBP)

BCB Bancorp, Inc. (NASDAQ:BCBP - Free Report) - Analysts at DA Davidson lowered their Q3 2024 earnings per share (EPS) estimates for BCB Bancorp in a research report issued to clients and investors on Thursday, October 3rd. DA Davidson analyst M. Navas now forecasts that the bank will post earnings per share of $0.30 for the quarter, down from their previous forecast of $0.32. The consensus estimate for BCB Bancorp's current full-year earnings is $1.32 per share. DA Davidson also issued estimates for BCB Bancorp's FY2025 earnings at $1.70 EPS.

A number of other analysts have also issued reports on the company. Piper Sandler lifted their target price on BCB Bancorp from $11.50 to $14.00 and gave the stock a "neutral" rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods lifted their price objective on BCB Bancorp from $12.00 to $13.00 and gave the stock a "market perform" rating in a report on Tuesday, July 23rd.

BCB Bancorp Stock Up 2.8 %

Shares of BCBP stock traded up $0.33 on Friday, hitting $12.11. The stock had a trading volume of 21,753 shares, compared to its average volume of 48,753. The stock's 50 day moving average is $12.02 and its 200-day moving average is $10.90. The firm has a market capitalization of $205.35 million, a price-to-earnings ratio of 7.77 and a beta of 0.58. BCB Bancorp has a 52-week low of $9.19 and a 52-week high of $13.90. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.19 and a current ratio of 1.21.

BCB Bancorp (NASDAQ:BCBP - Get Free Report) last released its quarterly earnings results on Friday, July 19th. The bank reported $0.14 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.16). BCB Bancorp had a return on equity of 7.42% and a net margin of 10.67%. The company had revenue of $20.41 million for the quarter, compared to analyst estimates of $24.65 million.

BCB Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.28%. BCB Bancorp's dividend payout ratio (DPR) is presently 41.03%.

Hedge Funds Weigh In On BCB Bancorp

A number of hedge funds have recently bought and sold shares of the company. CWM LLC lifted its holdings in BCB Bancorp by 1,232.6% during the 2nd quarter. CWM LLC now owns 2,492 shares of the bank's stock worth $26,000 after buying an additional 2,305 shares during the last quarter. Vanguard Group Inc. boosted its holdings in BCB Bancorp by 3.3% in the first quarter. Vanguard Group Inc. now owns 775,070 shares of the bank's stock worth $8,099,000 after purchasing an additional 25,064 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in BCB Bancorp during the second quarter valued at $119,000. BNP Paribas Financial Markets raised its holdings in shares of BCB Bancorp by 92.5% during the first quarter. BNP Paribas Financial Markets now owns 7,201 shares of the bank's stock worth $75,000 after purchasing an additional 3,460 shares during the period. Finally, Quadrature Capital Ltd lifted its position in shares of BCB Bancorp by 25.1% in the 1st quarter. Quadrature Capital Ltd now owns 17,348 shares of the bank's stock worth $181,000 after buying an additional 3,483 shares during the last quarter. 36.00% of the stock is currently owned by institutional investors and hedge funds.

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.