BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) to Issue Quarterly Dividend of $0.08

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) announced a quarterly dividend on Wednesday, January 28th. Shareholders of record on Wednesday, February 11th will be paid a dividend of 0.08 per share by the bank on Thursday, February 26th. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, February 11th.

BCB Bancorp, Inc. (NJ) has increased its dividend payment by an average of 0.0%per year over the last three years. BCB Bancorp, Inc. (NJ) has a dividend payout ratio of 23.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect BCB Bancorp, Inc. (NJ) to earn $1.56 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 20.5%.

BCB Bancorp, Inc. (NJ) Stock Performance

NASDAQ BCBP opened at $8.28 on Monday. The business’s 50 day moving average price is $8.09 and its 200-day moving average price is $8.25. BCB Bancorp, Inc. has a fifty-two week low of $7.31 and a fifty-two week high of $10.83. The company has a market cap of $142.66 million, a P/E ratio of -9.86 and a beta of 0.77. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.14 and a current ratio of 1.14.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last posted its quarterly earnings data on Friday, January 30th. The bank reported ($0.73) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.87). BCB Bancorp, Inc. (NJ) had a negative return on equity of 4.30% and a negative net margin of 6.90%.The firm had revenue of $26.17 million for the quarter, compared to analysts’ expectations of $25.22 million. Sell-side analysts predict that BCB Bancorp, Inc. will post 1.24 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on BCBP. Keefe, Bruyette & Woods cut their price target on shares of BCB Bancorp, Inc. (NJ) from $9.50 to $9.00 and set a “market perform” rating on the stock in a report on Tuesday, October 28th. Wall Street Zen upgraded shares of BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a report on Saturday, January 31st. Weiss Ratings reiterated a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a report on Monday, December 29th. Finally, Zacks Research cut shares of BCB Bancorp, Inc. (NJ) from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, BCB Bancorp, Inc. (NJ) has a consensus rating of “Reduce” and a consensus target price of $9.25.

BCB Bancorp, Inc. (NJ) Company Profile

BCB Bancorp, Inc is a bank holding company incorporated in New Jersey and traded on the NASDAQ under the symbol BCBP. Its primary subsidiary, Bergen Commercial Bank, operates as a full-service community bank focused on serving the financial needs of individuals and businesses in the New York metropolitan area. Headquartered in Clifton, New Jersey, the company has built its reputation on personalized banking relationships and local decision-making.

BCB Bancorp offers a comprehensive suite of deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit.