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

BCB Bancorp, Inc. (NASDAQ:BCBPGet Rating) declared a quarterly dividend on Friday, April 22nd, Wall Street Journal reports. Investors of record on Monday, May 2nd will be paid a dividend of 0.16 per share by the bank on Monday, May 16th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Friday, April 29th.

BCB Bancorp has a payout ratio of 32.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect BCB Bancorp to earn $2.03 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 31.5%.

Shares of BCBP stock traded up $1.25 during trading on Friday, reaching $20.20. The company had a trading volume of 4,130 shares, compared to its average volume of 47,305. The firm’s 50 day simple moving average is $18.11 and its two-hundred day simple moving average is $16.50. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.06 and a quick ratio of 1.06. BCB Bancorp has a one year low of $12.89 and a one year high of $19.24. The company has a market capitalization of $343.10 million, a PE ratio of 10.44 and a beta of 0.52.

BCB Bancorp (NASDAQ:BCBPGet Rating) last released its earnings results on Thursday, April 21st. The bank reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.06. BCB Bancorp had a return on equity of 14.52% and a net margin of 28.24%. Analysts forecast that BCB Bancorp will post 2.01 earnings per share for the current year.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of BCB Bancorp by 9.6% during the 4th quarter. BlackRock Inc. now owns 83,161 shares of the bank’s stock worth $1,283,000 after purchasing an additional 7,286 shares in the last quarter. Susquehanna International Group LLP boosted its stake in BCB Bancorp by 113.8% in the 4th quarter. Susquehanna International Group LLP now owns 90,130 shares of the bank’s stock valued at $1,391,000 after buying an additional 47,974 shares in the last quarter. Geode Capital Management LLC boosted its stake in BCB Bancorp by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 150,412 shares of the bank’s stock valued at $2,320,000 after buying an additional 572 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in BCB Bancorp by 119.7% in the 4th quarter. JPMorgan Chase & Co. now owns 5,510 shares of the bank’s stock valued at $85,000 after buying an additional 3,002 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in BCB Bancorp by 23.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 95,971 shares of the bank’s stock valued at $1,417,000 after buying an additional 18,331 shares in the last quarter. 32.42% of the stock is currently owned by institutional investors.

BCBP has been the topic of a number of research analyst reports. StockNews.com lowered BCB Bancorp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 5th. Zacks Investment Research raised BCB Bancorp from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective on the stock in a report on Tuesday, February 1st.

About BCB Bancorp (Get Rating)

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 deposit products, including savings and club accounts, interest and non-interest-bearing demand accounts, money market accounts, certificates of deposit, and individual retirement accounts.

Featured Stories

Dividend History for BCB Bancorp (NASDAQ:BCBP)

Receive News & Ratings for BCB Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCB Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.