BCB Bancorp, Inc. to Issue Quarterly Dividend of $0.16 (NASDAQ:BCBP)

by · The Cerbat Gem

BCB Bancorp, Inc. (NASDAQ:BCBP – Get Free Report) declared a quarterly dividend on Friday, October 18th, Zacks reports. Stockholders of record on Friday, November 1st will be given a dividend of 0.16 per share by the bank on Friday, November 15th. This represents a $0.64 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend is Friday, November 1st.

BCB Bancorp has increased its dividend payment by an average of 4.6% annually over the last three years. BCB Bancorp has a payout ratio of 41.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect BCB Bancorp to earn $1.56 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 41.0%.

BCB Bancorp Stock Down 0.4 %

BCB Bancorp stock opened at $13.25 on Friday. The firm has a market capitalization of $224.68 million, a PE ratio of 8.49 and a beta of 0.57. The company’s 50-day moving average is $12.17 and its 200-day moving average is $11.07. BCB Bancorp has a fifty-two week low of $9.19 and a fifty-two week high of $13.90. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.21 and a quick ratio of 1.19.

BCB Bancorp (NASDAQ:BCBP – Get Free Report) last released its quarterly earnings data on Friday, July 19th. The bank reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.16). The firm had revenue of $20.41 million for the quarter, compared to analyst estimates of $24.65 million. BCB Bancorp had a return on equity of 7.42% and a net margin of 10.67%. Sell-side analysts anticipate that BCB Bancorp will post 1.32 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of BCB Bancorp from $12.00 to $13.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 23rd. Piper Sandler lifted their target price on shares of BCB Bancorp from $11.50 to $14.00 and gave the stock a “neutral” rating in a report on Monday, July 29th.

Read Our Latest Research Report on BCBP

About BCB Bancorp

(Get Free Report)

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.

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