BCB Bancorp (NASDAQ:BCBP - Get Free Report) released its quarterly earnings results on Friday. The bank reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.04, Zacks reports. BCB Bancorp had a net margin of 10.67% and a return on equity of 7.42%. The company had revenue of $51.75 million for the quarter, compared to analyst estimates of $25.29 million.
BCB Bancorp Stock Performance
Shares of BCB Bancorp stock traded down $1.05 on Monday, reaching $12.20. 39,466 shares of the company traded hands, compared to its average volume of 48,478. 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 firm has a market capitalization of $206.88 million, a PE ratio of 7.91 and a beta of 0.57. The company has a 50 day moving average of $12.17 and a 200 day moving average of $11.08. BCB Bancorp has a 52 week low of $9.19 and a 52 week high of $13.90.
BCB Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date of this dividend is Friday, November 1st. BCB Bancorp's payout ratio is 41.03%.
Analyst Upgrades and Downgrades
BCBP has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of BCB Bancorp from $12.00 to $13.00 and gave the stock a "market perform" rating in a research report on Tuesday, July 23rd. Piper Sandler lifted their price target on BCB Bancorp from $11.50 to $14.00 and gave the stock a "neutral" rating in a report on Monday, July 29th.
Read Our Latest Analysis on BCB Bancorp
BCB Bancorp Company Profile
(
Get Free Report)
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.
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