BCB Bancorp, Inc. (NASDAQ:BCBP – Free Report) – Stock analysts at DA Davidson issued their Q1 2024 earnings per share (EPS) estimates for BCB Bancorp in a report released on Tuesday, January 30th. DA Davidson analyst M. Navas expects that the bank will earn $0.35 per share for the quarter. The consensus estimate for BCB Bancorp’s current full-year earnings is $1.58 per share. DA Davidson also issued estimates for BCB Bancorp’s FY2025 earnings at $1.65 EPS.
A number of other equities research analysts have also commented on the company. Piper Sandler raised their price target on BCB Bancorp from $13.00 to $13.50 and gave the stock a “neutral” rating in a research report on Tuesday. StockNews.com assumed coverage on BCB Bancorp in a research report on Thursday, October 5th. They set a “hold” rating on the stock.
BCB Bancorp Trading Down 5.0 %
NASDAQ:BCBP opened at $12.94 on Wednesday. BCB Bancorp has a 1-year low of $9.40 and a 1-year high of $18.15. The business’s 50-day moving average price is $12.53 and its two-hundred day moving average price is $11.85. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.33. The firm has a market capitalization of $218.04 million, a price-to-earnings ratio of 7.61 and a beta of 0.66.
Institutional Investors Weigh In On BCB Bancorp
Hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its position in BCB Bancorp by 113.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,303 shares of the bank’s stock valued at $26,000 after buying an additional 1,225 shares during the last quarter. Advisor Group Holdings Inc. grew its stake in BCB Bancorp by 139.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 1,756 shares of the bank’s stock valued at $31,000 after purchasing an additional 1,023 shares in the last quarter. FMR LLC grew its stake in BCB Bancorp by 36.2% in the first quarter. FMR LLC now owns 3,716 shares of the bank’s stock valued at $49,000 after purchasing an additional 988 shares in the last quarter. UBS Group AG grew its stake in BCB Bancorp by 188.9% in the third quarter. UBS Group AG now owns 2,932 shares of the bank’s stock valued at $50,000 after purchasing an additional 1,917 shares in the last quarter. Finally, Citigroup Inc. bought a new position in BCB Bancorp in the second quarter valued at approximately $57,000. Institutional investors and hedge funds own 37.45% of the company’s stock.
BCB Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, February 16th. Investors of record on Monday, February 5th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend is Friday, February 2nd. BCB Bancorp’s dividend payout ratio is presently 37.65%.
About BCB Bancorp
BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank that provides 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; and money market accounts, certificates of deposit, and individual retirement accounts.
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