DA Davidson Comments on BCB Bancorp, Inc.’s Q3 2022 Earnings (NASDAQ:BCBP)

BCB Bancorp, Inc. (NASDAQ:BCBPGet Rating) – DA Davidson issued their Q3 2022 earnings per share estimates for BCB Bancorp in a research note issued on Monday, July 25th. DA Davidson analyst R. Gunther expects that the bank will post earnings of $0.67 per share for the quarter. The consensus estimate for BCB Bancorp’s current full-year earnings is $2.25 per share.

Separately, StockNews.com downgraded BCB Bancorp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 5th.

BCB Bancorp Stock Performance

Shares of BCBP stock opened at $19.07 on Tuesday. BCB Bancorp has a 1-year low of $14.15 and a 1-year high of $20.71. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $324.02 million, a price-to-earnings ratio of 8.59 and a beta of 0.53. The stock’s fifty day simple moving average is $18.21 and its 200-day simple moving average is $18.07.

BCB Bancorp (NASDAQ:BCBPGet Rating) last issued its quarterly earnings results on Thursday, July 21st. The bank reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. BCB Bancorp had a return on equity of 16.05% and a net margin of 33.30%.

BCB Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, August 1st will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, July 29th. This represents a $0.64 dividend on an annualized basis and a yield of 3.36%. BCB Bancorp’s dividend payout ratio (DPR) is currently 28.83%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BCBP. Jane Street Group LLC purchased a new position in BCB Bancorp in the first quarter valued at about $588,000. Dimensional Fund Advisors LP grew its stake in BCB Bancorp by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 839,823 shares of the bank’s stock valued at $15,327,000 after purchasing an additional 27,577 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in BCB Bancorp in the first quarter valued at about $447,000. Ellsworth Advisors LLC purchased a new position in BCB Bancorp in the second quarter valued at about $346,000. Finally, Goldman Sachs Group Inc. grew its stake in BCB Bancorp by 135.6% in the first quarter. Goldman Sachs Group Inc. now owns 34,928 shares of the bank’s stock valued at $637,000 after purchasing an additional 20,101 shares in the last quarter. Hedge funds and other institutional investors own 31.42% of the company’s stock.

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.

Further Reading

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