BCB Bancorp, Inc. (NASDAQ:BCBP) Announces $0.16 Quarterly Dividend

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 5.89%. The ex-dividend date of this dividend is Friday, February 7th.

BCB Bancorp has raised its dividend by an average of 2.2% per year over the last three years. BCB Bancorp has a payout ratio of 38.1% meaning its dividend is sufficiently covered by earnings. Analysts expect BCB Bancorp to earn $1.54 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 41.6%.

BCB Bancorp Stock Performance

BCBP opened at $10.87 on Wednesday. BCB Bancorp has a 52-week low of $9.19 and a 52-week high of $14.04. The firm’s 50-day moving average price is $11.95 and its 200-day moving average price is $12.17. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.79. The company has a market cap of $185.33 million, a P/E ratio of 10.96 and a beta of 0.60.

BCB Bancorp (NASDAQ:BCBP) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $0.16 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.13). BCB Bancorp had a net margin of 9.46% and a return on equity of 6.33%. As a group, equities analysts anticipate that BCB Bancorp will post 1.38 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Ryan Blake sold 8,677 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 39,362 shares of the company’s stock, valued at approximately $514,067.72. This represents a 18.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 28.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BCBP shares. Keefe, Bruyette & Woods dropped their price objective on shares of BCB Bancorp from $15.00 to $13.75 and set a “market perform” rating for the company in a research note on Thursday, January 30th. Piper Sandler reduced 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, January 30th.

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.