DA Davidson Has Negative Outlook of BCBP FY2025 Earnings

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Free Report) - Research analysts at DA Davidson reduced their FY2025 earnings estimates for shares of BCB Bancorp, Inc. (NJ) in a research note issued to investors on Tuesday, July 1st. DA Davidson analyst M. Navas now expects that the bank will earn $0.12 per share for the year, down from their previous forecast of $0.13. The consensus estimate for BCB Bancorp, Inc. (NJ)'s current full-year earnings is $1.24 per share. DA Davidson also issued estimates for BCB Bancorp, Inc. (NJ)'s FY2026 earnings at $1.45 EPS.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The bank reported ($0.51) EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.74). BCB Bancorp, Inc. (NJ) had a net margin of 2.31% and a return on equity of 1.50%. The business had revenue of $23.80 million during the quarter, compared to analysts' expectations of $24.28 million.

Separately, Keefe, Bruyette & Woods reduced their target price on shares of BCB Bancorp, Inc. (NJ) from $12.50 to $10.50 and set a "market perform" rating for the company in a research note on Thursday, April 24th.

BCB Bancorp, Inc. (NJ) Stock Performance

BCBP stock traded up $0.14 during trading on Wednesday, hitting $9.25. The company had a trading volume of 76,702 shares, compared to its average volume of 56,989. The firm has a 50-day moving average price of $8.21 and a 200-day moving average price of $9.70. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.55. The firm has a market cap of $158.73 million, a PE ratio of 61.67 and a beta of 0.71. BCB Bancorp, Inc. has a 1-year low of $7.54 and a 1-year high of $14.04.

BCB Bancorp, Inc. (NJ) Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 6.92%. The ex-dividend date was Wednesday, May 7th. BCB Bancorp, Inc. (NJ)'s dividend payout ratio (DPR) is 426.67%.

Insiders Place Their Bets

In other news, Director Mark D. Hogan bought 10,000 shares of the stock in a transaction on Friday, June 13th. The shares were bought at an average price of $7.74 per share, with a total value of $77,400.00. Following the completion of the acquisition, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders purchased 23,880 shares of company stock valued at $188,201. Company insiders own 15.86% of the company's stock.

Hedge Funds Weigh In On BCB Bancorp, Inc. (NJ)

Several hedge funds have recently added to or reduced their stakes in BCBP. Bank of New York Mellon Corp grew its position in shares of BCB Bancorp, Inc. (NJ) by 9.8% in the fourth quarter. Bank of New York Mellon Corp now owns 82,148 shares of the bank's stock valued at $973,000 after purchasing an additional 7,348 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in BCB Bancorp, Inc. (NJ) by 6.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 43,673 shares of the bank's stock valued at $517,000 after buying an additional 2,631 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in BCB Bancorp, Inc. (NJ) by 131.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,690 shares of the bank's stock valued at $790,000 after buying an additional 37,820 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in BCB Bancorp, Inc. (NJ) by 66.2% during the 4th quarter. JPMorgan Chase & Co. now owns 99,240 shares of the bank's stock valued at $1,175,000 after buying an additional 39,533 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in BCB Bancorp, Inc. (NJ) by 64.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 23,792 shares of the bank's stock worth $282,000 after buying an additional 9,332 shares in the last quarter. 36.00% of the stock is currently owned by hedge funds and other 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.