BCB Bancorp (NASDAQ:BCBP) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS

BCB Bancorp (NASDAQ:BCBP) announced its earnings results on Friday. The bank reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04, Zacks reports. The business had revenue of $51.75 million during the quarter, compared to analysts’ expectations of $25.29 million. BCB Bancorp had a return on equity of 7.42% and a net margin of 10.67%.

BCB Bancorp Stock Down 0.4 %

Shares of NASDAQ:BCBP opened at $13.25 on Monday. BCB Bancorp has a 52-week low of $9.19 and a 52-week high of $13.90. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 1.75. The business has a fifty day moving average of $12.17 and a two-hundred day moving average of $11.07. The stock has a market cap of $224.68 million, a P/E ratio of 8.49 and a beta of 0.57.

BCB Bancorp Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 4.83%. BCB Bancorp’s payout ratio is 41.03%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Piper Sandler raised their price objective on BCB Bancorp from $11.50 to $14.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods raised their price target on shares of BCB Bancorp from $12.00 to $13.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 23rd.

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.