FY2024 EPS Estimates for BCB Bancorp Reduced by DA Davidson

BCB Bancorp, Inc. (NASDAQ:BCBP - Free Report) - DA Davidson cut their FY2024 earnings per share (EPS) estimates for shares of BCB Bancorp in a research note issued to investors on Tuesday, October 22nd. DA Davidson analyst M. Navas now forecasts that the bank will post earnings per share of $1.25 for the year, down from their previous estimate of $1.30. 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 Q4 2024 earnings at $0.27 EPS.

BCB Bancorp (NASDAQ:BCBP - Get Free Report) last posted its quarterly earnings results on Friday, October 18th. The bank reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.04. The firm had revenue of $51.75 million for the quarter, compared to the consensus estimate of $25.29 million. BCB Bancorp had a net margin of 10.67% and a return on equity of 7.42%.

Other research analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods raised their price target on shares of BCB Bancorp from $13.25 to $13.50 and gave the stock a "market perform" rating in a research note on Tuesday. Piper Sandler raised 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.

BCB Bancorp Price Performance

Shares of NASDAQ:BCBP traded up $0.02 during midday trading on Wednesday, reaching $11.94. 22,794 shares of the company's stock were exchanged, compared to its average volume of 48,274. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.19 and a current ratio of 1.21. The company's 50 day simple moving average is $12.20 and its two-hundred day simple moving average is $11.11. BCB Bancorp has a 12 month low of $9.19 and a 12 month high of $13.90. The firm has a market capitalization of $202.47 million, a PE ratio of 7.64 and a beta of 0.57.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in BCB Bancorp by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 775,070 shares of the bank's stock valued at $8,099,000 after purchasing an additional 25,064 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of BCB Bancorp by 8.1% in the first quarter. Empowered Funds LLC now owns 64,643 shares of the bank's stock valued at $676,000 after buying an additional 4,867 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in BCB Bancorp by 51.7% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 53,760 shares of the bank's stock worth $562,000 after buying an additional 18,327 shares in the last quarter. AQR Capital Management LLC acquired a new position in BCB Bancorp during the 2nd quarter worth about $334,000. Finally, Quadrature Capital Ltd grew its holdings in BCB Bancorp by 25.1% during the 1st quarter. Quadrature Capital Ltd now owns 17,348 shares of the bank's stock worth $181,000 after acquiring an additional 3,483 shares during the last quarter. Institutional investors own 36.00% of the company's stock.

BCB Bancorp Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 5.36%. The ex-dividend date of this dividend is Friday, November 1st. BCB Bancorp's dividend payout ratio is currently 41.03%.

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.