BCB Bancorp (BCBP) Set to Announce Earnings on Tuesday

BCB Bancorp (NASDAQ:BCBP) is scheduled to be announcing its earnings results on Tuesday, April 16th.

BCB Bancorp (NASDAQ:BCBP) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). BCB Bancorp had a net margin of 15.32% and a return on equity of 11.46%. The business had revenue of $27.15 million during the quarter, compared to analyst estimates of $27.33 million. On average, analysts expect BCB Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

BCB Bancorp Trading Down 1.3 %

Shares of BCBP stock opened at $9.78 on Monday. BCB Bancorp has a 52-week low of $9.40 and a 52-week high of $13.90. The stock has a market cap of $165.77 million, a price-to-earnings ratio of 5.75 and a beta of 0.58. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a fifty day moving average of $10.49 and a 200-day moving average of $11.34.

BCB Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Monday, February 5th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.54%. The ex-dividend date of this dividend was Friday, February 2nd. BCB Bancorp’s dividend payout ratio (DPR) is currently 37.65%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BCBP shares. TheStreet lowered shares of BCB Bancorp from a “b-” rating to a “c+” rating in a report on Tuesday, February 20th. Piper Sandler increased their price target on shares of BCB Bancorp from $13.00 to $13.50 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $15.00.

Institutional Trading of BCB Bancorp

Hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its stake in BCB Bancorp by 113.6% in the third quarter. Tower Research Capital LLC TRC now owns 2,303 shares of the bank’s stock valued at $26,000 after purchasing an additional 1,225 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in BCB Bancorp by 139.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 1,756 shares of the bank’s stock valued at $31,000 after purchasing an additional 1,023 shares in the last quarter. FMR LLC raised its stake in BCB Bancorp by 36.2% in the first quarter. FMR LLC now owns 3,716 shares of the bank’s stock valued at $49,000 after purchasing an additional 988 shares in the last quarter. UBS Group AG raised its stake in BCB Bancorp by 188.9% in the third quarter. UBS Group AG now owns 2,932 shares of the bank’s stock valued at $50,000 after purchasing an additional 1,917 shares in the last quarter. Finally, Citigroup Inc. acquired a new position in BCB Bancorp in the second quarter valued at about $57,000. 36.00% of the stock is currently owned by institutional investors and hedge funds.

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.