Shares of BCB Bancorp, Inc. (NASDAQ:BCBP) have earned a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. BCB Bancorp’s rating score has declined by 33.3% from three months ago as a result of various analysts’ upgrades and downgrades.
Analysts have set a one year consensus target price of $15.50 for the company and are expecting that the company will post $0.26 EPS for the current quarter, according to Zacks. Zacks has also given BCB Bancorp an industry rank of 124 out of 265 based on the ratings given to related companies.
BCBP has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of BCB Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Keefe, Bruyette & Woods downgraded shares of BCB Bancorp from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 27th.
BCB Bancorp (NASDAQ:BCBP) opened at $15.75 on Tuesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.13 and a quick ratio of 1.11. BCB Bancorp has a 1-year low of $12.05 and a 1-year high of $16.75. The company has a market cap of $238.42, a PE ratio of 18.75, a P/E/G ratio of 1.32 and a beta of 0.44.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Monday, February 5th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.56%. The ex-dividend date was Friday, February 2nd. BCB Bancorp’s payout ratio is currently 66.67%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. TIAA CREF Investment Management LLC bought a new stake in BCB Bancorp in the second quarter worth about $394,000. OxFORD Asset Management LLP bought a new stake in BCB Bancorp in the third quarter worth about $338,000. Dimensional Fund Advisors LP lifted its stake in BCB Bancorp by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 265,111 shares of the bank’s stock worth $4,056,000 after purchasing an additional 12,636 shares during the last quarter. Northern Trust Corp lifted its stake in BCB Bancorp by 334.4% in the second quarter. Northern Trust Corp now owns 106,720 shares of the bank’s stock worth $1,633,000 after purchasing an additional 82,153 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in BCB Bancorp by 21.4% in the second quarter. Vanguard Group Inc. now owns 303,932 shares of the bank’s stock worth $4,650,000 after purchasing an additional 53,474 shares during the last quarter. 32.21% of the stock is owned by institutional investors and hedge funds.
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About BCB Bancorp
BCB Bancorp, Inc is the holding company parent of BCB Community Bank (the Bank). The Bank is a community-oriented financial institution. Its business is to offer Federal Deposit Insurance Corporation (FDIC)-insured deposit products and to invest funds held in deposit accounts at the Bank, together with funds generated from operations, in loans and investment securities.
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