BCB Bancorp, Inc. Expected to Post Q1 2024 Earnings of $0.35 Per Share (NASDAQ:BCBP)

BCB Bancorp, Inc. (NASDAQ:BCBPFree Report) – Equities researchers at DA Davidson issued their Q1 2024 EPS estimates for BCB Bancorp in a note issued to investors on Tuesday, January 30th. DA Davidson analyst M. Navas expects that the bank will post earnings per share of $0.35 for the quarter. The consensus estimate for BCB Bancorp’s current full-year earnings is $1.58 per share. DA Davidson also issued estimates for BCB Bancorp’s FY2025 earnings at $1.65 EPS.

Other analysts have also recently issued reports about the company. Piper Sandler boosted their price target on BCB Bancorp from $13.00 to $13.50 and gave the stock a “neutral” rating in a research report on Tuesday. StockNews.com assumed coverage on shares of BCB Bancorp in a report on Thursday, October 5th. They set a “hold” rating for the company.

View Our Latest Stock Analysis on BCBP

BCB Bancorp Trading Down 4.0 %

BCBP stock opened at $12.42 on Wednesday. BCB Bancorp has a 12-month low of $9.40 and a 12-month high of $18.15. The business’s 50-day moving average is $12.55 and its 200 day moving average is $11.85. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.33. The stock has a market cap of $209.28 million, a price-to-earnings ratio of 7.31 and a beta of 0.66.

Institutional Trading of BCB Bancorp

Several institutional investors have recently made changes to their positions in the company. Strs Ohio acquired a new stake in BCB Bancorp during the second quarter worth $89,000. LSV Asset Management raised its holdings in BCB Bancorp by 10.2% in the 3rd quarter. LSV Asset Management now owns 146,391 shares of the bank’s stock valued at $1,631,000 after buying an additional 13,500 shares during the period. Bailard Inc. acquired a new position in BCB Bancorp in the third quarter valued at about $267,000. Trexquant Investment LP boosted its stake in BCB Bancorp by 23.8% during the second quarter. Trexquant Investment LP now owns 47,366 shares of the bank’s stock worth $556,000 after buying an additional 9,102 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in shares of BCB Bancorp by 37.9% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 212,210 shares of the bank’s stock valued at $2,491,000 after acquiring an additional 58,370 shares during the period. Hedge funds and other institutional investors own 37.45% of the company’s stock.

BCB Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Monday, February 5th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date is Friday, February 2nd. BCB Bancorp’s dividend payout ratio (DPR) is presently 37.65%.

BCB Bancorp Company Profile

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BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank that provides 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; and money market accounts, certificates of deposit, and individual retirement accounts.

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