BCB Bancorp, Inc. (NASDAQ:BCBP) Forecasted to Post Q2 2024 Earnings of $0.30 Per Share

BCB Bancorp, Inc. (NASDAQ:BCBP) – DA Davidson issued their Q2 2024 EPS estimates for shares of BCB Bancorp in a research report issued on Tuesday, April 23rd. DA Davidson analyst M. Navas forecasts that the bank will post earnings of $0.30 per share for the quarter. The consensus estimate for BCB Bancorp’s current full-year earnings is $1.40 per share. DA Davidson also issued estimates for BCB Bancorp’s FY2024 earnings at $1.25 EPS and FY2025 earnings at $1.55 EPS.

Other analysts also recently issued research reports about the stock. TheStreet downgraded shares of BCB Bancorp from a “b-” rating to a “c+” rating in a research report on Tuesday, February 20th. Keefe, Bruyette & Woods reduced their price target on shares of BCB Bancorp from $14.00 to $12.00 and set a “market perform” rating for the company in a research report on Tuesday. Finally, Piper Sandler upped their price target on shares of BCB Bancorp from $13.00 to $13.50 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $12.75.

BCB Bancorp Stock Down 3.2 %

Shares of NASDAQ:BCBP opened at $9.44 on Wednesday. The firm has a 50 day simple moving average of $10.22 and a 200-day simple moving average of $11.25. BCB Bancorp has a twelve month low of $9.19 and a twelve month high of $13.90. The company has a market capitalization of $160.01 million, a PE ratio of 6.05 and a beta of 0.58. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.77.

BCB Bancorp (NASDAQ:BCBP) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). The company had revenue of $27.15 million for the quarter, compared to analysts’ expectations of $27.33 million. BCB Bancorp had a return on equity of 9.78% and a net margin of 13.41%.

BCB Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.64 annualized dividend and a yield of 6.78%. BCB Bancorp’s dividend payout ratio is currently 41.03%.

Hedge Funds Weigh In On BCB Bancorp

Several institutional investors have recently bought and sold shares of BCBP. Bailard Inc. acquired a new position in BCB Bancorp in the 3rd quarter valued at $267,000. Strs Ohio increased its stake in BCB Bancorp by 407.9% in the 3rd quarter. Strs Ohio now owns 38,600 shares of the bank’s stock valued at $430,000 after buying an additional 31,000 shares during the period. LSV Asset Management increased its stake in BCB Bancorp by 10.2% in the 3rd quarter. LSV Asset Management now owns 146,391 shares of the bank’s stock valued at $1,631,000 after buying an additional 13,500 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in BCB Bancorp in the 3rd quarter valued at $184,000. Finally, SG Americas Securities LLC acquired a new position in BCB Bancorp in the 4th quarter valued at $106,000. 36.00% of the stock is owned by institutional investors and hedge funds.

BCB Bancorp Company Profile

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.