Zacks: BCB Bancorp, Inc. (BCBP) Given $16.00 Average Target Price by Brokerages

BCB Bancorp, Inc. (NASDAQ:BCBP) has earned an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Brokerages have set a 12-month consensus price target of $16.00 for the company and are predicting that the company will post $0.23 earnings per share for the current quarter, according to Zacks. Zacks has also given BCB Bancorp an industry rank of 103 out of 255 based on the ratings given to its competitors.

Several equities research analysts recently weighed in on the company. Zacks Investment Research cut BCB Bancorp from a “hold” rating to a “strong sell” rating in a research note on Monday, April 30th. Keefe, Bruyette & Woods downgraded BCB Bancorp from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 27th.

Shares of BCBP traded down $0.23 during trading hours on Friday, reaching $14.62. 3,803 shares of the company’s stock traded hands, compared to its average volume of 23,122. The company has a market cap of $230.35 million, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.38 and a beta of 0.42. BCB Bancorp has a 12 month low of $12.05 and a 12 month high of $16.10. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.24.

BCB Bancorp (NASDAQ:BCBP) last announced its quarterly earnings results on Monday, April 23rd. The bank reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.03. The business had revenue of $19.83 million for the quarter, compared to analysts’ expectations of $19.88 million. BCB Bancorp had a return on equity of 9.48% and a net margin of 13.86%. analysts predict that BCB Bancorp will post 1.11 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 18th. Investors of record on Friday, May 4th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend was Thursday, May 3rd. BCB Bancorp’s dividend payout ratio is currently 60.87%.

Several large investors have recently added to or reduced their stakes in BCBP. Wells Fargo & Company MN boosted its stake in BCB Bancorp by 2,369.8% during the third quarter. Wells Fargo & Company MN now owns 9,904 shares of the bank’s stock valued at $139,000 after buying an additional 9,503 shares during the last quarter. QS Investors LLC bought a new stake in shares of BCB Bancorp in the 4th quarter valued at approximately $166,000. The Manufacturers Life Insurance Company lifted its stake in shares of BCB Bancorp by 16,145.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 11,697 shares of the bank’s stock worth $170,000 after acquiring an additional 11,625 shares during the last quarter. Mackay Shields LLC bought a new stake in shares of BCB Bancorp during the 1st quarter worth approximately $211,000. Finally, California State Teachers Retirement System lifted its stake in shares of BCB Bancorp by 34.1% during the 4th quarter. California State Teachers Retirement System now owns 19,886 shares of the bank’s stock worth $288,000 after acquiring an additional 5,062 shares during the last quarter. Hedge funds and other institutional investors own 32.89% of the company’s stock.

BCB Bancorp Company Profile

BCB Bancorp, Inc operates as the holding company for BCB Community Bank, a state chartered commercial bank that provides banking products and services to businesses and individuals in the United States. The company offers deposit products, including savings and club accounts, demand and NOW accounts, interest and non-interest bearing demand accounts, money market accounts, certificates of deposit, individual retirement accounts, and term certificate accounts.

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