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

BCB Bancorp, Inc. (NASDAQ:BCBP) declared a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Stockholders of record on Friday, February 7th will be paid a dividend of 0.16 per share by the bank on Monday, February 24th. This represents a $0.64 annualized dividend and a dividend yield of 5.43%. The ex-dividend date of this dividend is Friday, February 7th.

BCB Bancorp has increased its dividend by an average of 2.2% annually over the last three years. BCB Bancorp has a dividend payout ratio of 37.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect BCB Bancorp to earn $1.46 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 43.8%.

BCB Bancorp Price Performance

Shares of BCB Bancorp stock traded up $0.05 during midday trading on Wednesday, hitting $11.78. 69,611 shares of the company traded hands, compared to its average volume of 56,978. The stock has a market cap of $200.83 million, a price-to-earnings ratio of 10.07 and a beta of 0.61. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.23 and a current ratio of 1.23. The firm’s fifty day moving average price is $12.19 and its 200-day moving average price is $12.21. BCB Bancorp has a 12 month low of $9.19 and a 12 month high of $14.04.

BCB Bancorp (NASDAQ:BCBP) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.13). BCB Bancorp had a return on equity of 7.31% and a net margin of 10.59%. As a group, sell-side analysts forecast that BCB Bancorp will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods boosted their target price on shares of BCB Bancorp from $13.25 to $13.50 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd.

Insider Transactions at BCB Bancorp

In related news, COO Ryan Blake sold 8,677 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $13.06, for a total transaction of $113,321.62. Following the completion of the transaction, the chief operating officer now owns 39,362 shares in the company, valued at approximately $514,067.72. This represents a 18.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 15.86% of the company’s stock.

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.