BCB Bancorp, Inc. to Issue Quarterly Dividend of $0.14 (BCBP)

BCB Bancorp, Inc. (NASDAQ:BCBP) announced a quarterly dividend on Monday, April 15th, Wall Street Journal reports. Investors of record on Friday, May 10th will be paid a dividend of 0.14 per share by the bank on Friday, May 24th. This represents a $0.56 annualized dividend and a yield of 4.29%. The ex-dividend date is Thursday, May 9th.

BCB Bancorp has a payout ratio of 54.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect BCB Bancorp to earn $1.30 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 43.1%.

Shares of BCBP traded down $0.09 on Monday, reaching $13.06. The company’s stock had a trading volume of 7,985 shares, compared to its average volume of 22,975. BCB Bancorp has a 12-month low of $10.12 and a 12-month high of $15.95. The company has a market cap of $215.66 million, a price-to-earnings ratio of 12.93, a PEG ratio of 1.09 and a beta of 0.70. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.56.

BCB Bancorp (NASDAQ:BCBP) last issued its earnings results on Thursday, January 31st. The bank reported $0.31 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.31. The firm had revenue of $22.33 million during the quarter, compared to analyst estimates of $23.43 million. BCB Bancorp had a net margin of 14.83% and a return on equity of 10.60%. As a group, analysts predict that BCB Bancorp will post 1.2 EPS for the current fiscal year.

In other BCB Bancorp news, COO Michael Lesler purchased 3,955 shares of the stock in a transaction dated Monday, February 25th. The shares were bought at an average cost of $12.64 per share, with a total value of $49,991.20. Following the completion of the transaction, the chief operating officer now owns 15,056 shares in the company, valued at approximately $190,307.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Vincent Didomenico, Jr. bought 100,000 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The shares were purchased at an average cost of $12.64 per share, for a total transaction of $1,264,000.00. Following the completion of the transaction, the director now owns 159,530 shares of the company’s stock, valued at $2,016,459.20. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 109,655 shares of company stock valued at $1,386,396. Corporate insiders own 15.68% of the company’s stock.

An institutional investor recently raised its position in BCB Bancorp stock. Geode Capital Management LLC grew its position in BCB Bancorp, Inc. (NASDAQ:BCBP) by 2.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 129,287 shares of the bank’s stock after buying an additional 2,665 shares during the period. Geode Capital Management LLC owned approximately 0.82% of BCB Bancorp worth $1,353,000 at the end of the most recent quarter. 29.38% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently weighed in on BCBP shares. TheStreet upgraded BCB Bancorp from a “c+” rating to a “b” rating in a report on Wednesday, February 27th. Zacks Investment Research lowered BCB Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Finally, Sandler O’Neill assumed coverage on BCB Bancorp in a research note on Monday, January 14th. They issued a “hold” rating and a $12.00 target price on the stock. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $14.00.

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BCB Bancorp Company Profile

BCB Bancorp, Inc is a holding company of BCB Community Bank. Its primary business is the ownership and operation of the Bank. The company offers loans, including commercial and multi-family real estate loans, one to four-family mortgage loans, home equity loans, construction loans, consumer loans and commercial business loans.

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Dividend History for BCB Bancorp (NASDAQ:BCBP)

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