BCB Bancorp (NASDAQ:BCBP) Releases Earnings Results, Misses Estimates By $0.74 EPS

BCB Bancorp (NASDAQ:BCBP - Get Free Report) released its quarterly earnings results on Tuesday. The bank reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.74), Zacks reports. BCB Bancorp had a return on equity of 6.33% and a net margin of 9.46%. The firm had revenue of $23.80 million for the quarter, compared to the consensus estimate of $24.28 million.

BCB Bancorp Stock Down 3.8 %

Shares of BCB Bancorp stock traded down $0.33 during trading on Friday, reaching $8.46. 158,413 shares of the company traded hands, compared to its average volume of 50,119. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market capitalization of $145.20 million, a PE ratio of 8.63 and a beta of 0.57. The company has a 50 day moving average price of $9.68 and a 200-day moving average price of $11.23. BCB Bancorp has a 1-year low of $8.41 and a 1-year high of $14.04.

BCB Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be paid a $0.16 dividend. The ex-dividend date is Wednesday, May 7th. This represents a $0.64 annualized dividend and a dividend yield of 7.57%. BCB Bancorp's dividend payout ratio is currently 426.67%.

Analyst Ratings Changes

Several research firms have recently weighed in on BCBP. Keefe, Bruyette & Woods decreased their price objective on shares of BCB Bancorp from $12.50 to $10.50 and set a "market perform" rating for the company in a research report on Thursday. Piper Sandler decreased their price target on BCB Bancorp from $14.00 to $13.00 and set a "neutral" rating for the company in a report on Thursday, January 30th.

BCB Bancorp Company Profile

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.