BCB Bancorp (NASDAQ:BCBP) Price Target Increased to $13.50 by Analysts at Keefe, Bruyette & Woods

BCB Bancorp (NASDAQ:BCBP) had its price objective raised by Keefe, Bruyette & Woods from $13.25 to $13.50 in a research report report published on Tuesday, Benzinga reports. The brokerage currently has a market perform rating on the bank’s stock.

Separately, Piper Sandler raised their price objective on BCB Bancorp from $11.50 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th.

BCB Bancorp Stock Down 1.9 %

NASDAQ:BCBP opened at $11.63 on Tuesday. The firm has a market capitalization of $197.21 million, a price-to-earnings ratio of 7.46 and a beta of 0.57. BCB Bancorp has a 1-year low of $9.19 and a 1-year high of $13.90. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 1.75. The business’s fifty day moving average price is $12.22 and its 200 day moving average price is $11.13.

BCB Bancorp (NASDAQ:BCBP) last released its quarterly earnings results on Friday, October 18th. The bank reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.04. The company had revenue of $51.75 million during the quarter, compared to the consensus estimate of $25.29 million. BCB Bancorp had a return on equity of 7.42% and a net margin of 10.67%. On average, sell-side analysts forecast that BCB Bancorp will post 1.32 earnings per share for the current fiscal year.

BCB Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.16 dividend. The ex-dividend date is Friday, November 1st. This represents a $0.64 dividend on an annualized basis and a yield of 5.50%. BCB Bancorp’s payout ratio is 41.03%.

Hedge Funds Weigh In On BCB Bancorp

Institutional investors have recently modified their holdings of the business. Quadrature Capital Ltd bought a new position in shares of BCB Bancorp in the fourth quarter valued at about $178,000. BNP Paribas Financial Markets lifted its position in shares of BCB Bancorp by 92.5% in the 1st quarter. BNP Paribas Financial Markets now owns 7,201 shares of the bank’s stock worth $75,000 after purchasing an additional 3,460 shares during the period. Empowered Funds LLC increased its stake in shares of BCB Bancorp by 8.1% in the 1st quarter. Empowered Funds LLC now owns 64,643 shares of the bank’s stock valued at $676,000 after acquiring an additional 4,867 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of BCB Bancorp by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 775,070 shares of the bank’s stock valued at $8,099,000 after acquiring an additional 25,064 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of BCB Bancorp by 51.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 53,760 shares of the bank’s stock valued at $562,000 after acquiring an additional 18,327 shares in the last quarter. Institutional investors own 36.00% of the company’s stock.

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.