BCB Bancorp (NASDAQ:BCBP) PT Raised to $13.50

BCB Bancorp (NASDAQ:BCBP - Free Report) had its price objective raised by Keefe, Bruyette & Woods from $13.25 to $13.50 in a research report report published on Tuesday, Benzinga reports. The brokerage currently has a market perform rating on the bank's stock.

Separately, 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 Trading Down 2.3 %

BCBP traded down $0.28 during trading on Tuesday, reaching $11.92. The company had a trading volume of 32,478 shares, compared to its average volume of 48,399. 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 has a 12-month low of $9.19 and a 12-month high of $13.90. The company has a market cap of $202.13 million, a price-to-earnings ratio of 7.78 and a beta of 0.57. The firm's 50-day simple moving average is $12.19 and its 200 day simple moving average is $11.09.

BCB Bancorp (NASDAQ:BCBP - Get Free Report) last released its quarterly earnings results on Friday, October 18th. The bank reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.04. BCB Bancorp had a net margin of 10.67% and a return on equity of 7.42%. The business had revenue of $51.75 million for the quarter, compared to analyst estimates of $25.29 million. Equities research analysts anticipate that BCB Bancorp will post 1.32 earnings per share for the current year.

BCB Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.16 dividend. The ex-dividend date is Friday, November 1st. This represents a $0.64 dividend on an annualized basis and a yield of 5.37%. BCB Bancorp's dividend payout ratio is currently 41.03%.

Institutional Trading of BCB Bancorp

A number of institutional investors have recently added to or reduced their stakes in BCBP. CWM LLC boosted its holdings in BCB Bancorp by 1,232.6% in the second quarter. CWM LLC now owns 2,492 shares of the bank's stock worth $26,000 after purchasing an additional 2,305 shares in the last quarter. Vanguard Group Inc. lifted its holdings in BCB Bancorp by 3.3% in the 1st 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 last quarter. Allspring Global Investments Holdings LLC bought a new stake in BCB Bancorp during the second quarter worth approximately $119,000. BNP Paribas Financial Markets grew its holdings in BCB Bancorp by 92.5% during the first quarter. BNP Paribas Financial Markets now owns 7,201 shares of the bank's stock valued at $75,000 after purchasing an additional 3,460 shares during the last quarter. Finally, Quadrature Capital Ltd raised its position in shares of 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 purchasing an additional 3,483 shares during the period. 36.00% of the stock is currently owned by institutional investors and hedge funds.

About BCB Bancorp

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.