FY2022 EPS Estimates for BCB Bancorp, Inc. Boosted by Analyst (NASDAQ:BCBP)

BCB Bancorp, Inc. (NASDAQ:BCBPGet Rating) – Equities researchers at DA Davidson lifted their FY2022 earnings estimates for BCB Bancorp in a research report issued to clients and investors on Monday, April 25th. DA Davidson analyst R. Gunther now forecasts that the bank will earn $2.30 per share for the year, up from their previous forecast of $1.97.

A number of other equities analysts have also weighed in on the stock. StockNews.com lowered shares of BCB Bancorp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 5th. Zacks Investment Research raised shares of BCB Bancorp from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a research report on Tuesday, February 1st.

Shares of BCBP opened at $20.09 on Wednesday. BCB Bancorp has a 52 week low of $12.89 and a 52 week high of $20.71. The stock has a market cap of $341.23 million, a P/E ratio of 9.61 and a beta of 0.52. The business’s 50 day moving average price is $18.20 and its 200-day moving average price is $16.62. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.44.

BCB Bancorp (NASDAQ:BCBPGet Rating) last posted its quarterly earnings data on Thursday, April 21st. The bank reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.06. BCB Bancorp had a return on equity of 15.55% and a net margin of 31.32%.

A number of institutional investors have recently modified their holdings of the stock. FNY Investment Advisers LLC bought a new position in BCB Bancorp in the 1st quarter worth $54,000. BlackRock Inc. boosted its holdings in BCB Bancorp by 9.6% in the 4th quarter. BlackRock Inc. now owns 83,161 shares of the bank’s stock worth $1,283,000 after buying an additional 7,286 shares during the period. Wellington Shields & Co. LLC bought a new position in BCB Bancorp in the 4th quarter worth $154,000. Wellington Shields Capital Management LLC bought a new position in BCB Bancorp in the 4th quarter worth $154,000. Finally, Susquehanna International Group LLP boosted its holdings in BCB Bancorp by 113.8% in the 4th quarter. Susquehanna International Group LLP now owns 90,130 shares of the bank’s stock worth $1,391,000 after buying an additional 47,974 shares during the period. 32.42% of the stock is owned by institutional investors.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 16th. Investors of record on Monday, May 2nd will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Friday, April 29th. BCB Bancorp’s dividend payout ratio is currently 30.62%.

BCB Bancorp Company Profile (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.

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