BCB Bancorp (NASDAQ:BCBP) Announces Quarterly Earnings Results

BCB Bancorp (NASDAQ:BCBP) posted its earnings results on Friday. The bank reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04, Zacks reports. The company had revenue of $51.75 million for the quarter, compared to analyst estimates of $25.29 million. BCB Bancorp had a return on equity of 7.42% and a net margin of 10.67%.

BCB Bancorp Stock Performance

NASDAQ BCBP opened at $13.25 on Monday. The business’s 50-day moving average price is $12.17 and its 200 day moving average price is $11.07. BCB Bancorp has a twelve month low of $9.19 and a twelve month high of $13.90. The company has a market capitalization of $224.68 million, a PE ratio of 8.49 and a beta of 0.57. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 1.75.

BCB Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.64 annualized dividend and a yield of 4.83%. BCB Bancorp’s dividend payout ratio (DPR) is presently 41.03%.

Analysts Set New Price Targets

A number of analysts recently commented on BCBP shares. Keefe, Bruyette & Woods increased their price objective on BCB Bancorp from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Tuesday, July 23rd. Piper Sandler increased their price objective on 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 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.