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

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

BCB Bancorp Price Performance

Shares of BCB Bancorp stock opened at $13.25 on Monday. The firm has a market cap of $224.68 million, a PE ratio of 8.49 and a beta of 0.57. The business has a 50-day moving average price of $12.17 and a 200 day moving average price of $11.07. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 1.75. BCB Bancorp has a twelve month low of $9.19 and a twelve month high of $13.90.

BCB Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.16 dividend. The ex-dividend date is Friday, November 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.83%. BCB Bancorp’s dividend payout ratio (DPR) is currently 41.03%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BCBP. 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 report on Tuesday, July 23rd. Piper Sandler lifted their price objective on BCB Bancorp from $11.50 to $14.00 and gave the company a “neutral” rating in a research note on Monday, July 29th.

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.