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

BCB Bancorp (NASDAQ:BCBP) released its 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 net margin of 9.46% and a return on equity of 6.33%.

BCB Bancorp Stock Performance

BCB Bancorp stock opened at $8.96 on Tuesday. The firm has a market capitalization of $153.78 million, a PE ratio of 9.21 and a beta of 0.57. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.79. The firm’s 50 day simple moving average is $9.81 and its 200 day simple moving average is $11.32. BCB Bancorp has a 1-year low of $8.66 and a 1-year high of $14.04.

BCB Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Friday, February 7th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 7.14%. The ex-dividend date was Friday, February 7th. BCB Bancorp’s dividend payout ratio (DPR) is presently 65.31%.

Analysts Set New Price Targets

BCBP has been the topic of a number of recent research reports. Piper Sandler cut their target price on BCB Bancorp from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Keefe, Bruyette & Woods dropped their price target on shares of BCB Bancorp from $15.00 to $13.75 and set a “market perform” rating on the stock in a research report on Thursday, January 30th.

About BCB Bancorp

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.