BCB Bancorp, Inc. (NASDAQ:BCBP) has been assigned an average broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.
Brokerages have set a 1 year consensus target price of $15.00 for the company and are forecasting that the company will post $0.29 EPS for the current quarter, according to Zacks. Zacks has also assigned BCB Bancorp an industry rank of 162 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded shares of BCB Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Monday, July 29th.
A number of institutional investors have recently added to or reduced their stakes in BCBP. Dimensional Fund Advisors LP boosted its position in BCB Bancorp by 14.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 527,207 shares of the bank’s stock worth $5,520,000 after purchasing an additional 66,351 shares in the last quarter. Deutsche Bank AG lifted its position in shares of BCB Bancorp by 64.4% during the 4th quarter. Deutsche Bank AG now owns 69,813 shares of the bank’s stock valued at $729,000 after buying an additional 27,343 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of BCB Bancorp by 43.0% during the 1st quarter. Acadian Asset Management LLC now owns 89,112 shares of the bank’s stock valued at $1,194,000 after buying an additional 26,804 shares in the last quarter. Millennium Management LLC lifted its position in shares of BCB Bancorp by 247.7% during the 4th quarter. Millennium Management LLC now owns 35,305 shares of the bank’s stock valued at $370,000 after buying an additional 25,150 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of BCB Bancorp by 2.6% during the 4th quarter. BlackRock Inc. now owns 742,130 shares of the bank’s stock valued at $7,770,000 after buying an additional 18,779 shares in the last quarter. Institutional investors and hedge funds own 28.24% of the company’s stock.
NASDAQ:BCBP traded down $0.24 during midday trading on Tuesday, hitting $11.98. The company’s stock had a trading volume of 24,582 shares, compared to its average volume of 18,794. BCB Bancorp has a fifty-two week low of $10.12 and a fifty-two week high of $15.10. The company’s 50 day simple moving average is $12.78. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market capitalization of $201.15 million, a price-to-earnings ratio of 11.86, a P/E/G ratio of 1.03 and a beta of 0.76.
BCB Bancorp (NASDAQ:BCBP) last issued its quarterly earnings results on Friday, July 19th. The bank reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.02. BCB Bancorp had a net margin of 16.31% and a return on equity of 11.26%. The company had revenue of $22.19 million for the quarter, compared to the consensus estimate of $22.73 million. On average, sell-side analysts anticipate that BCB Bancorp will post 1.19 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.56 annualized dividend and a yield of 4.67%. BCB Bancorp’s dividend payout ratio is presently 55.45%.
About BCB Bancorp
BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank, a state-chartered commercial bank that provides banking products and services to businesses and individuals in the United States. The company offers deposit products, including interest and non-interest bearing demand, NOW, savings and club, money market, term certificate, interest bearing checking, and individual retirement accounts.
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