BCB Bancorp, Inc. (BCBP) To Go Ex-Dividend on February 7th

BCB Bancorp, Inc. (NASDAQ:BCBP) declared a quarterly dividend on Tuesday, January 28th,Wall Street Journal reports. Shareholders of record on Friday, February 7th will be given a dividend of 0.16 per share by the bank on Monday, February 24th. This represents a $0.64 annualized dividend and a yield of 6.03%. The ex-dividend date of this dividend is Friday, February 7th.

BCB Bancorp has raised its dividend payment by an average of 2.2% annually over the last three years. BCB Bancorp has a dividend payout ratio of 37.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect BCB Bancorp to earn $1.46 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 43.8%.

BCB Bancorp Price Performance

BCBP stock traded down $1.16 during trading hours on Thursday, hitting $10.62. 117,692 shares of the stock traded hands, compared to its average volume of 60,173. The stock has a 50-day simple moving average of $12.16 and a 200 day simple moving average of $12.20. The company has a market cap of $181.07 million, a P/E ratio of 9.08 and a beta of 0.61. 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 has a one year low of $9.19 and a one year high of $14.04.

BCB Bancorp (NASDAQ:BCBP) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.13). BCB Bancorp had a net margin of 10.59% and a return on equity of 7.31%. Equities analysts forecast that BCB Bancorp will post 1.27 earnings per share for the current year.

Insider Activity at BCB Bancorp

In related news, COO Ryan Blake sold 8,677 shares of the stock in a transaction that occurred 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 completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 15.86% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on BCBP. Keefe, Bruyette & Woods reduced their price objective on BCB Bancorp from $15.00 to $13.75 and set a “market perform” rating for the company in a research note on Thursday. Piper Sandler dropped their price target on shares of BCB Bancorp from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday.

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.