BCB Bancorp, Inc. Plans Quarterly Dividend of $0.16 (NASDAQ:BCBP)

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

BCB Bancorp has increased its dividend payment by an average of 4.6% annually over the last three years. BCB Bancorp has a payout ratio of 37.0% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 1.5 %

BCB Bancorp stock traded down $0.14 during mid-day trading on Tuesday, hitting $9.41. The company’s stock had a trading volume of 3,771 shares, compared to its average volume of 48,875. 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 stock’s fifty day moving average is $10.14 and its two-hundred day moving average is $11.22. BCB Bancorp has a 1 year low of $9.19 and a 1 year high of $13.90. The firm has a market capitalization of $159.50 million, a PE ratio of 6.12 and a beta of 0.58.

BCB Bancorp (NASDAQ:BCBP) last announced 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 during the quarter, compared to analysts’ expectations of $26.87 million. BCB Bancorp had a net margin of 13.41% and a return on equity of 9.78%. On average, analysts anticipate that BCB Bancorp will post 1.4 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on BCBP. Piper Sandler boosted their target price on BCB Bancorp from $13.00 to $13.50 and gave the company a “neutral” rating in a report on Tuesday, January 30th. TheStreet lowered BCB Bancorp from a “b-” rating to a “c+” rating in a research note on Tuesday, February 20th. Finally, Keefe, Bruyette & Woods decreased their target price on BCB Bancorp from $14.00 to $12.00 and set a “market perform” rating for the company in a research report on Tuesday, April 23rd. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, BCB Bancorp has an average rating of “Hold” and a consensus price target 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.