FY2024 EPS Estimates for BCB Bancorp Lowered by DA Davidson

BCB Bancorp, Inc. (NASDAQ:BCBP) – Investment analysts at DA Davidson lowered their FY2024 earnings per share estimates for shares of BCB Bancorp in a research report issued to clients and investors on Tuesday, October 22nd. DA Davidson analyst M. Navas now forecasts that the bank will post earnings per share of $1.25 for the year, down from their prior forecast of $1.30. The consensus estimate for BCB Bancorp’s current full-year earnings is $1.32 per share. DA Davidson also issued estimates for BCB Bancorp’s Q4 2024 earnings at $0.27 EPS.

Several other equities research analysts also recently weighed in on the stock. Piper Sandler increased their target price on shares of BCB Bancorp from $11.50 to $14.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods lifted their target price on BCB Bancorp from $13.25 to $13.50 and gave the company a “market perform” rating in a research note on Tuesday.

BCB Bancorp Trading Up 0.2 %

Shares of BCB Bancorp stock opened at $11.94 on Wednesday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.19 and a current ratio of 1.21. The company has a market capitalization of $202.47 million, a P/E ratio of 7.65 and a beta of 0.57. BCB Bancorp has a 1 year low of $9.19 and a 1 year high of $13.90. The company’s fifty day moving average is $12.20 and its two-hundred day moving average is $11.11.

BCB Bancorp (NASDAQ:BCBP) last announced its earnings results on Friday, October 18th. The bank reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The business had revenue of $51.75 million for the quarter, compared to analyst estimates of $25.29 million. BCB Bancorp had a net margin of 10.67% and a return on equity of 7.42%.

Institutional Investors Weigh In On BCB Bancorp

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in BCB Bancorp by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 775,070 shares of the bank’s stock worth $8,099,000 after purchasing an additional 25,064 shares during the period. Empowered Funds LLC boosted its stake in shares of BCB Bancorp by 8.1% in the first quarter. Empowered Funds LLC now owns 64,643 shares of the bank’s stock valued at $676,000 after buying an additional 4,867 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in BCB Bancorp by 51.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 53,760 shares of the bank’s stock worth $562,000 after acquiring an additional 18,327 shares during the period. AQR Capital Management LLC purchased a new position in BCB Bancorp in the second quarter worth $334,000. Finally, Quadrature Capital Ltd lifted its holdings in BCB Bancorp by 25.1% in the first quarter. Quadrature Capital Ltd now owns 17,348 shares of the bank’s stock valued at $181,000 after acquiring an additional 3,483 shares during the period. Institutional investors and hedge funds own 36.00% of the company’s stock.

BCB Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.36%. BCB Bancorp’s dividend payout ratio (DPR) is 41.03%.

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.