DA Davidson Has Negative View of BCB Bancorp FY2025 Earnings

BCB Bancorp, Inc. (NASDAQ:BCBP - Free Report) - Equities researchers at DA Davidson lowered their FY2025 earnings estimates for shares of BCB Bancorp in a research note issued on Tuesday, October 22nd. DA Davidson analyst M. Navas now anticipates that the bank will earn $1.65 per share for the year, down from their prior forecast of $1.70. The consensus estimate for BCB Bancorp's current full-year earnings is $1.32 per share.

A number of other equities analysts also recently commented on the stock. Keefe, Bruyette & Woods upped their target price 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 increased their price objective on shares of BCB Bancorp from $11.50 to $14.00 and gave the company a "neutral" rating in a research note on Monday, July 29th.

BCB Bancorp Trading Down 0.7 %

BCBP stock traded down $0.08 during mid-day trading on Thursday, reaching $11.86. The company had a trading volume of 27,694 shares, compared to its average volume of 48,174. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.21 and a quick ratio of 1.19. The company has a market capitalization of $201.11 million, a PE ratio of 7.65 and a beta of 0.57. The firm has a 50 day moving average of $12.22 and a 200 day moving average of $11.11. BCB Bancorp has a 12 month low of $9.19 and a 12 month high of $13.90.

BCB Bancorp (NASDAQ:BCBP - Get Free Report) last issued its earnings results on Friday, October 18th. The bank reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.04. The business 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%.

Hedge Funds Weigh In On BCB Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC boosted its stake in shares of BCB Bancorp by 105.3% during the third quarter. CWM LLC now owns 5,116 shares of the bank's stock valued at $63,000 after purchasing an additional 2,624 shares in the last quarter. AQR Capital Management LLC acquired a new stake in BCB Bancorp in the second quarter valued at approximately $334,000. Allspring Global Investments Holdings LLC acquired a new stake in BCB Bancorp in the second quarter valued at approximately $119,000. Jacobs Levy Equity Management Inc. boosted its stake in BCB Bancorp by 51.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 53,760 shares of the bank's stock valued at $562,000 after acquiring an additional 18,327 shares in the last quarter. Finally, Quadrature Capital Ltd boosted its stake in BCB Bancorp by 25.1% in the first quarter. Quadrature Capital Ltd now owns 17,348 shares of the bank's stock valued at $181,000 after acquiring an additional 3,483 shares in the last quarter. 36.00% of the stock is currently owned by institutional investors.

BCB Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, November 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.40%. BCB Bancorp's dividend payout ratio is presently 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.