BCB Bancorp, Inc. (BCBP) To Go Ex-Dividend on May 2nd

BCB Bancorp, Inc. (NASDAQ:BCBP) announced a quarterly dividend on Friday, April 19th, Zacks reports. Investors of record on Friday, May 3rd will be paid a dividend of 0.16 per share by the bank on Friday, May 17th. This represents a $0.64 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date is Thursday, May 2nd.

BCB Bancorp has raised its dividend payment by an average of 4.6% annually over the last three years. BCB Bancorp has a dividend payout ratio of 37.0% indicating that its dividend is sufficiently covered by earnings. 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 Performance

Shares of BCBP traded down $0.14 during mid-day trading on Tuesday, hitting $9.41. The stock had a trading volume of 3,771 shares, compared to its average volume of 48,875. The company has a market cap of $159.50 million, a PE ratio of 6.12 and a beta of 0.58. The company’s fifty day simple moving average is $10.14 and its two-hundred day simple moving average is $11.22. BCB Bancorp has a fifty-two week low of $9.19 and a fifty-two week high of $13.90. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.77.

BCB Bancorp (NASDAQ:BCBP) last posted 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). The company had revenue of $51.39 million for the quarter, compared to analyst estimates of $26.87 million. BCB Bancorp had a return on equity of 9.78% and a net margin of 13.41%. On average, equities analysts expect that BCB Bancorp will post 1.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Piper Sandler lifted their target price on BCB Bancorp from $13.00 to $13.50 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Keefe, Bruyette & Woods decreased their price objective on BCB Bancorp from $14.00 to $12.00 and set a “market perform” rating for the company in a report on Tuesday, April 23rd. Finally, TheStreet lowered BCB Bancorp from a “b-” rating to a “c+” rating in a research note on Tuesday, February 20th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.