Shares of BCB Bancorp, Inc. (NASDAQ:BCBP) have received an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokers have set a 12-month consensus target price of $15.00 for the company and are forecasting that the company will post $0.31 earnings per share for the current quarter, according to Zacks. Zacks has also given BCB Bancorp an industry rank of 87 out of 257 based on the ratings given to its competitors.
A number of research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of BCB Bancorp from a “hold” rating to a “strong sell” rating in a research note on Friday, October 26th. ValuEngine downgraded shares of BCB Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Finally, TheStreet downgraded shares of BCB Bancorp from a “b” rating to a “c+” rating in a research report on Thursday, December 6th.
NASDAQ BCBP opened at $11.26 on Friday. BCB Bancorp has a 12 month low of $11.05 and a 12 month high of $16.10. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $177.93 million, a PE ratio of 12.24, a P/E/G ratio of 1.11 and a beta of 0.51.
BCB Bancorp (NASDAQ:BCBP) last posted its quarterly earnings data on Friday, October 19th. The bank reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). BCB Bancorp had a net margin of 12.44% and a return on equity of 9.88%. The company had revenue of $21.93 million for the quarter, compared to analyst estimates of $22.94 million. On average, analysts expect that BCB Bancorp will post 1.01 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 16th. Investors of record on Friday, November 2nd were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date was Thursday, November 1st. BCB Bancorp’s dividend payout ratio (DPR) is presently 60.87%.
A number of institutional investors and hedge funds have recently bought and sold shares of BCBP. Private Advisor Group LLC acquired a new stake in BCB Bancorp during the 3rd quarter worth approximately $148,000. Rhumbline Advisers acquired a new stake in BCB Bancorp during the 2nd quarter worth approximately $191,000. Wells Fargo & Company MN increased its position in BCB Bancorp by 43.2% during the 3rd quarter. Wells Fargo & Company MN now owns 41,955 shares of the bank’s stock worth $581,000 after purchasing an additional 12,649 shares in the last quarter. Northern Trust Corp increased its position in BCB Bancorp by 6.9% during the 2nd quarter. Northern Trust Corp now owns 152,247 shares of the bank’s stock worth $2,284,000 after purchasing an additional 9,876 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in BCB Bancorp by 4.0% during the 3rd quarter. Renaissance Technologies LLC now owns 376,700 shares of the bank’s stock worth $5,217,000 after purchasing an additional 14,584 shares in the last quarter. 30.75% of the stock is owned by hedge funds and other institutional investors.
About BCB Bancorp
BCB Bancorp, Inc operates as the holding company for BCB Community Bank, a state chartered commercial bank that provides banking products and services to businesses and individuals in the United States. The company offers deposit products, including savings and club accounts, demand and NOW accounts, interest and non-interest bearing demand accounts, money market accounts, certificates of deposit, individual retirement accounts, and term certificate accounts.
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