BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Announces $0.16 Quarterly Dividend

Key Points

• BCB Bancorp, Inc. has declared a quarterly dividend of $0.16 per share, which equates to an annualized dividend of $0.64 and a yield of 7.60%, with the payment date set for August 25th.
• The company's dividend payout ratio stands at 46.4%, suggesting that the dividend is well-supported by earnings, with analysts forecasting earnings of $1.56 per share for the coming year.
• Shares of BCB Bancorp, Inc. fell 4.2% to $8.42, with analysts at Keefe, Bruyette & Woods lowering their price target for the stock from $10.50 to $9.50.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) declared a quarterly dividend on Wednesday, July 23rd, Wall Street Journal reports. Stockholders of record on Monday, August 11th will be given a dividend of 0.16 per share by the bank on Monday, August 25th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend is Monday, August 11th.

BCB Bancorp, Inc. (NJ) has a dividend payout ratio of 46.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect BCB Bancorp, Inc. (NJ) 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, Inc. (NJ) Stock Performance

Shares of BCBP traded down $0.26 during trading hours on Friday, hitting $8.10. The stock had a trading volume of 90,434 shares, compared to its average volume of 73,030. The firm has a market capitalization of $139.00 million, a PE ratio of 42.63 and a beta of 0.76. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.19 and a quick ratio of 1.19. BCB Bancorp, Inc. has a 12 month low of $7.54 and a 12 month high of $14.04. The stock has a fifty day moving average price of $8.40 and a 200 day moving average price of $9.29.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The bank reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $25.18 million during the quarter, compared to analyst estimates of $24.51 million. BCB Bancorp, Inc. (NJ) had a net margin of 2.72% and a return on equity of 1.75%. Analysts anticipate that BCB Bancorp, Inc. will post 1.24 EPS for the current year.

Insider Activity

In other BCB Bancorp, Inc. (NJ) news, Director Mark D. Hogan purchased 10,000 shares of BCB Bancorp, Inc. (NJ) stock in a transaction that occurred on Friday, June 13th. The shares were bought at an average price of $7.74 per share, for a total transaction of $77,400.00. Following the completion of the transaction, the director owned 621,140 shares of the company's stock, valued at approximately $4,807,623.60. This trade represents a 1.64% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders purchased 23,880 shares of company stock worth $188,201. 15.86% of the stock is owned by corporate insiders.

Institutional Trading of BCB Bancorp, Inc. (NJ)

Large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio purchased a new stake in BCB Bancorp, Inc. (NJ) in the 4th quarter worth about $42,000. GAMMA Investing LLC lifted its holdings in shares of BCB Bancorp, Inc. (NJ) by 1,513.7% in the 1st quarter. GAMMA Investing LLC now owns 4,486 shares of the bank's stock worth $455,000 after buying an additional 4,208 shares during the period. Wells Fargo & Company MN raised its holdings in shares of BCB Bancorp, Inc. (NJ) by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 8,763 shares of the bank's stock valued at $104,000 after purchasing an additional 1,907 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of BCB Bancorp, Inc. (NJ) in the 4th quarter worth approximately $127,000. Finally, Private Advisor Group LLC bought a new position in shares of BCB Bancorp, Inc. (NJ) during the first quarter valued at approximately $122,000. 36.00% of the stock is currently owned by institutional investors.

About BCB Bancorp, Inc. (NJ)

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.