BCB Bancorp, Inc. Declares Quarterly Dividend of $0.16 (NASDAQ:BCBP)

BCB Bancorp, Inc. (NASDAQ:BCBP) declared a quarterly dividend on Friday, April 19th, Zacks reports. Stockholders of record on Friday, May 3rd will be given a dividend of 0.16 per share by the bank on Friday, May 17th. This represents a $0.64 annualized dividend and a dividend yield of 6.70%. The ex-dividend date of this dividend is Thursday, May 2nd.

BCB Bancorp has increased its dividend by an average of 4.6% annually over the last three years. BCB Bancorp has a dividend payout ratio of 37.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect BCB Bancorp to earn $1.53 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 41.8%.

BCB Bancorp Stock Up 1.0 %

BCBP opened at $9.55 on Tuesday. BCB Bancorp has a 1 year low of $9.19 and a 1 year high of $13.90. The firm has a 50 day moving average price of $10.14 and a 200 day moving average price of $11.22. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $161.87 million, a PE ratio of 6.12 and a beta of 0.58.

BCB Bancorp (NASDAQ:BCBP) last released its quarterly earnings data on Thursday, April 25th. The bank reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.04). BCB Bancorp had a return on equity of 9.78% and a net margin of 13.41%. The business had revenue of $51.39 million during the quarter, compared to analyst estimates of $26.87 million. Sell-side analysts expect that BCB Bancorp will post 1.4 earnings per share for the current year.

Analysts Set New Price Targets

BCBP has been the subject of several recent research reports. TheStreet lowered BCB Bancorp from a “b-” rating to a “c+” rating in a research report on Tuesday, February 20th. Piper Sandler increased their target price on BCB Bancorp from $13.00 to $13.50 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods reduced their price target on BCB Bancorp from $14.00 to $12.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 23rd. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $12.75.

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.