BCB Bancorp (NASDAQ:BCBP) Announces Earnings Results, Misses Estimates By $0.13 EPS

BCB Bancorp (NASDAQ:BCBP) issued its quarterly earnings results on Tuesday. The bank reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.13), Zacks reports. BCB Bancorp had a net margin of 10.59% and a return on equity of 7.31%.

BCB Bancorp Price Performance

Shares of NASDAQ:BCBP opened at $11.78 on Thursday. BCB Bancorp has a 1-year low of $9.19 and a 1-year high of $14.04. The stock has a market cap of $200.83 million, a PE ratio of 10.07 and a beta of 0.61. The stock’s fifty day simple moving average is $12.16 and its two-hundred day simple moving average is $12.20. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.79.

BCB Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date is Friday, February 7th. BCB Bancorp’s dividend payout ratio is currently 65.31%.

Insider Activity

In other BCB Bancorp news, COO Ryan Blake sold 8,677 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $13.06, for a total transaction of $113,321.62. Following the sale, the chief operating officer now owns 39,362 shares in the company, valued at $514,067.72. This represents a 18.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 15.86% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted their target price on BCB Bancorp from $13.25 to $13.50 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd.

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.