BCB Bancorp, Inc. (BCBP) Plans $0.14 Quarterly Dividend

BCB Bancorp, Inc. (NASDAQ:BCBP) declared a quarterly dividend on Tuesday, October 16th, Wall Street Journal reports. Shareholders of record on Friday, November 2nd will be paid a dividend of 0.14 per share by the bank on Friday, November 16th. This represents a $0.56 annualized dividend and a yield of 4.42%. The ex-dividend date is Thursday, November 1st.

BCB Bancorp has raised its dividend payment by an average of 1.2% annually over the last three years. BCB Bancorp has a payout ratio of 54.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect BCB Bancorp to earn $1.25 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 44.8%.

Shares of BCBP stock opened at $12.66 on Wednesday. BCB Bancorp has a 12 month low of $12.01 and a 12 month high of $16.10. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $193.02 million, a price-to-earnings ratio of 13.76, a P/E/G ratio of 1.24 and a beta of 0.48.

BCB Bancorp (NASDAQ:BCBP) last announced its quarterly earnings results on Friday, October 19th. The bank reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). BCB Bancorp had a net margin of 12.44% and a return on equity of 10.01%. The company had revenue of $21.93 million for the quarter, compared to analyst estimates of $22.94 million. On average, sell-side analysts anticipate that BCB Bancorp will post 1.01 earnings per share for the current fiscal year.

Several equities analysts have commented on BCBP shares. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $17.00 price target on shares of BCB Bancorp in a report on Friday, July 13th. ValuEngine downgraded BCB Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Finally, Zacks Investment Research downgraded BCB Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd.

BCB Bancorp Company Profile

BCB Bancorp, Inc operates as the 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 savings and club accounts, demand and NOW accounts, interest and non-interest bearing demand accounts, money market accounts, certificates of deposit, individual retirement accounts, and term certificate accounts.

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Dividend History for BCB Bancorp (NASDAQ:BCBP)

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