BCB Bancorp, Inc. (NASDAQ:BCBP) Given $15.00 Average Target Price by Brokerages

BCB Bancorp, Inc. (NASDAQ:BCBP) has received a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Analysts have set a 1-year consensus price target of $15.00 for the company and are expecting that the company will post $0.28 EPS for the current quarter, according to Zacks. Zacks has also given BCB Bancorp an industry rank of 182 out of 256 based on the ratings given to related companies.

BCBP has been the subject of several research reports. TheStreet upgraded shares of BCB Bancorp from a “c+” rating to a “b” rating in a research report on Wednesday, February 27th. Zacks Investment Research upgraded shares of BCB Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, June 6th.

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in BCB Bancorp by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 561,640 shares of the bank’s stock valued at $7,779,000 after buying an additional 11,326 shares in the last quarter. Whittier Trust Co. purchased a new position in shares of BCB Bancorp in the 4th quarter worth approximately $31,000. Bank of New York Mellon Corp lifted its stake in shares of BCB Bancorp by 16.7% during the 4th quarter. Bank of New York Mellon Corp now owns 110,748 shares of the bank’s stock worth $1,160,000 after acquiring an additional 15,853 shares during the last quarter. Vanguard Group Inc raised its position in BCB Bancorp by 2.1% during the 3rd quarter. Vanguard Group Inc now owns 561,640 shares of the bank’s stock valued at $7,779,000 after purchasing an additional 11,326 shares in the last quarter. Finally, Strs Ohio raised its position in BCB Bancorp by 32.1% during the 4th quarter. Strs Ohio now owns 18,100 shares of the bank’s stock valued at $189,000 after purchasing an additional 4,400 shares in the last quarter. Hedge funds and other institutional investors own 28.20% of the company’s stock.

BCBP stock traded up $0.04 during trading on Thursday, hitting $12.53. 17,000 shares of the stock traded hands, compared to its average volume of 23,646. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $207.11 million, a P/E ratio of 12.41, a P/E/G ratio of 1.08 and a beta of 0.70. BCB Bancorp has a one year low of $10.12 and a one year high of $15.70.

BCB Bancorp (NASDAQ:BCBP) last posted its quarterly earnings data on Thursday, April 18th. The bank reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. The firm had revenue of $22.56 million during the quarter, compared to analysts’ expectations of $23.42 million. BCB Bancorp had a net margin of 14.55% and a return on equity of 10.65%. As a group, research analysts expect that BCB Bancorp will post 1.17 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 4.47%. The ex-dividend date was Thursday, May 9th. BCB Bancorp’s payout ratio is presently 55.45%.

BCB Bancorp Company Profile

BCB Bancorp, Inc operates as a bank 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 interest and non-interest bearing demand, NOW, savings and club, money market, term certificate, interest bearing checking, and individual retirement accounts.

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