BCB Bancorp, Inc. (NASDAQ:BCBP) to Issue $0.16 Quarterly Dividend

BCB Bancorp, Inc. (NASDAQ:BCBP - Get Free Report) announced a quarterly dividend on Friday, October 18th, Zacks reports. Investors of record on Friday, November 1st will be given a dividend of 0.16 per share by the bank on Friday, November 15th. This represents a $0.64 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend is Friday, November 1st.

BCB Bancorp has increased its dividend by an average of 4.6% per year over the last three years. BCB Bancorp has a payout ratio of 41.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect BCB Bancorp to earn $1.56 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 41.0%.

BCB Bancorp Price Performance

NASDAQ:BCBP traded down $0.05 on Friday, reaching $13.25. 60,366 shares of the company's stock traded hands, compared to its average volume of 48,523. The stock has a 50-day simple moving average of $12.17 and a 200-day simple moving average of $11.07. BCB Bancorp has a 12 month low of $9.19 and a 12 month high of $13.90. The firm has a market cap of $224.68 million, a PE ratio of 8.49 and a beta of 0.57. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 1.75.

BCB Bancorp (NASDAQ:BCBP - Get Free Report) last issued its earnings results on Friday, July 19th. The bank reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.16). BCB Bancorp had a net margin of 10.67% and a return on equity of 7.42%. The business had revenue of $20.41 million for the quarter, compared to the consensus estimate of $24.65 million. Equities research analysts forecast that BCB Bancorp will post 1.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.