BCB Bancorp, Inc. to Post Q2 2024 Earnings of $0.30 Per Share, DA Davidson Forecasts (NASDAQ:BCBP)

BCB Bancorp, Inc. (NASDAQ:BCBP - Free Report) - Equities researchers at DA Davidson issued their Q2 2024 earnings estimates for BCB Bancorp in a report released on Tuesday, April 23rd. DA Davidson analyst M. Navas expects that the bank will post earnings per share of $0.30 for the quarter. The consensus estimate for BCB Bancorp's current full-year earnings is $1.48 per share. DA Davidson also issued estimates for BCB Bancorp's FY2024 earnings at $1.25 EPS and FY2025 earnings at $1.55 EPS.

BCBP has been the topic of a number of other research reports. TheStreet lowered shares of BCB Bancorp from a "b-" rating to a "c+" rating in a research note on Tuesday, February 20th. Keefe, Bruyette & Woods reduced their target price on BCB Bancorp from $14.00 to $12.00 and set a "market perform" rating on the stock in a report on Tuesday. Finally, Piper Sandler boosted their price target on BCB Bancorp from $13.00 to $13.50 and gave the company a "neutral" rating in a report on Tuesday, January 30th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, BCB Bancorp presently has a consensus rating of "Hold" and an average target price of $12.75.

BCB Bancorp Stock Up 1.5 %

BCBP traded up $0.14 during trading on Wednesday, hitting $9.75. The company had a trading volume of 40,525 shares, compared to its average volume of 49,305. BCB Bancorp has a 1-year low of $9.19 and a 1-year high of $13.90. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market cap of $165.26 million, a PE ratio of 6.25 and a beta of 0.58. The business has a 50-day moving average of $10.26 and a 200-day moving average of $11.26.

BCB Bancorp (NASDAQ:BCBP - Get Free Report) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.02). BCB Bancorp had a net margin of 13.41% and a return on equity of 9.78%. The firm had revenue of $27.15 million for the quarter, compared to analyst estimates of $27.33 million.

BCB Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.64 annualized dividend and a dividend yield of 6.56%. BCB Bancorp's dividend payout ratio is currently 41.03%.

Hedge Funds Weigh In On BCB Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the business. New York State Common Retirement Fund raised its stake in BCB Bancorp by 91.1% during the 4th quarter. New York State Common Retirement Fund now owns 2,727 shares of the bank's stock valued at $35,000 after acquiring an additional 1,300 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of BCB Bancorp during the fourth quarter valued at $106,000. RMR Wealth Builders bought a new stake in shares of BCB Bancorp during the fourth quarter valued at about $164,000. Quadrature Capital Ltd bought a new stake in shares of BCB Bancorp during the fourth quarter valued at about $178,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in BCB Bancorp in the third quarter worth about $184,000. 36.00% of the stock is currently owned by institutional investors and hedge funds.

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.