BCB Bancorp, Inc. Plans Quarterly Dividend of $0.16 (NASDAQ:BCBP)

BCB Bancorp, Inc. (NASDAQ:BCBP) declared a quarterly dividend on Friday, April 19th, Zacks reports. Stockholders of record on Friday, May 3rd will be paid a dividend of 0.16 per share by the bank on Friday, May 17th. This represents a $0.64 annualized dividend and a dividend yield of 6.77%. The ex-dividend date is Thursday, May 2nd.

BCB Bancorp has raised its dividend payment by an average of 4.6% per year over the last three years. BCB Bancorp has a payout ratio of 37.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect BCB Bancorp to earn $1.53 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 41.8%.

BCB Bancorp Trading Down 0.9 %

NASDAQ:BCBP traded down $0.09 on Tuesday, hitting $9.46. 2,070 shares of the stock were exchanged, compared to its average volume of 48,845. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.77. BCB Bancorp has a fifty-two week low of $9.19 and a fifty-two week high of $13.90. The stock has a market cap of $160.35 million, a PE ratio of 6.12 and a beta of 0.58. The stock has a fifty day moving average of $10.14 and a 200-day moving average of $11.22.

BCB Bancorp (NASDAQ:BCBP) last released its quarterly earnings results on Thursday, April 25th. The bank reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). BCB Bancorp had a net margin of 13.41% and a return on equity of 9.78%. The firm had revenue of $51.39 million for the quarter, compared to analyst estimates of $26.87 million. As a group, equities analysts expect that BCB Bancorp will post 1.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BCBP. TheStreet lowered BCB Bancorp from a “b-” rating to a “c+” rating in a research report on Tuesday, February 20th. Piper Sandler upped their price objective on shares of BCB Bancorp from $13.00 to $13.50 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods cut their price objective on BCB Bancorp from $14.00 to $12.00 and set a “market perform” rating for the company in a research report on Tuesday, April 23rd. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.75.

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.