DA Davidson Weighs in on BCB Bancorp, Inc.’s Q2 2024 Earnings (NASDAQ:BCBP)

BCB Bancorp, Inc. (NASDAQ:BCBP) – Research analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of BCB Bancorp in a research report issued to clients and investors on Tuesday, April 23rd. DA Davidson analyst M. Navas anticipates that the bank will post earnings per share of $0.30 for the quarter. The consensus estimate for BCB Bancorp’s current full-year earnings is $1.48 per share. DA Davidson also issued estimates for BCB Bancorp’s FY2024 earnings at $1.25 EPS and FY2025 earnings at $1.55 EPS.

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

BCBP has been the subject of a number of other reports. TheStreet lowered BCB Bancorp from a “b-” rating to a “c+” rating in a research report on Tuesday, February 20th. 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 research report on Tuesday. Finally, Piper Sandler raised their price objective on BCB Bancorp from $13.00 to $13.50 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, BCB Bancorp presently has a consensus rating of “Hold” and a consensus price target of $12.75.

BCB Bancorp Trading Down 0.1 %

Shares of NASDAQ BCBP opened at $9.61 on Wednesday. BCB Bancorp has a one year low of $9.19 and a one year high of $13.90. The firm has a market capitalization of $162.89 million, a PE ratio of 6.16 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. The business has a 50-day moving average price of $10.29 and a two-hundred day moving average price of $11.27.

BCB Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be issued a dividend of $0.16 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.64 annualized dividend and a dividend yield of 6.66%. BCB Bancorp’s dividend payout ratio is 41.03%.

Institutional Investors Weigh In On BCB Bancorp

Several institutional investors have recently made changes to their positions in the company. LSV Asset Management lifted its holdings in shares of BCB Bancorp by 21.0% during the 4th quarter. LSV Asset Management now owns 177,191 shares of the bank’s stock valued at $2,277,000 after buying an additional 30,800 shares during the last quarter. Strs Ohio lifted its holdings in shares of BCB Bancorp by 13.0% during the 4th quarter. Strs Ohio now owns 43,600 shares of the bank’s stock valued at $560,000 after buying an additional 5,000 shares during the last quarter. Bailard Inc. acquired a new stake in shares of BCB Bancorp during the 3rd quarter valued at about $267,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of BCB Bancorp in the 3rd quarter valued at approximately $184,000. Finally, Quadrature Capital Ltd bought a new position in shares of BCB Bancorp in the 4th quarter valued at approximately $178,000. 36.00% of the stock is currently 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.