Keefe, Bruyette & Woods Trims BCB Bancorp (NASDAQ:BCBP) Target Price to $12.00

BCB Bancorp (NASDAQ:BCBP) had its price objective decreased by Keefe, Bruyette & Woods from $14.00 to $12.00 in a research report released on Tuesday, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank’s stock.

A number of other brokerages have also commented on BCBP. TheStreet lowered shares of BCB Bancorp from a b- rating to a c+ rating in a research note on Tuesday, February 20th. Piper Sandler lifted their price target on shares of BCB Bancorp from $13.00 to $13.50 and gave the stock a neutral rating in a research note on Tuesday, January 30th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, BCB Bancorp presently has an average rating of Hold and a consensus target price of $12.75.

BCB Bancorp Stock Down 0.1 %

NASDAQ:BCBP opened at $9.61 on Tuesday. The firm has a 50-day simple moving average of $10.29 and a two-hundred day simple moving average of $11.27. BCB Bancorp has a fifty-two week low of $9.19 and a fifty-two week high of $13.90. The firm has a market cap of $162.89 million, a P/E ratio of 6.16 and a beta of 0.58. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.20 and a current ratio of 1.20.

BCB Bancorp (NASDAQ:BCBP) last announced its quarterly earnings results on Thursday, January 25th. The bank reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). BCB Bancorp had a return on equity of 9.78% and a net margin of 13.41%. The company had revenue of $27.15 million during the quarter, compared to the consensus estimate of $27.33 million. Analysts predict that BCB Bancorp will post 1.48 earnings per share for the current fiscal year.

BCB Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.64 annualized dividend and a yield of 6.66%. BCB Bancorp’s dividend payout ratio (DPR) is 41.03%.

Institutional Trading of BCB Bancorp

Several large investors have recently added to or reduced their stakes in the business. LSV Asset Management grew its position in BCB Bancorp by 21.0% during the fourth quarter. LSV Asset Management now owns 177,191 shares of the bank’s stock valued at $2,277,000 after buying an additional 30,800 shares during the period. Strs Ohio grew its position in BCB Bancorp by 13.0% during the fourth quarter. Strs Ohio now owns 43,600 shares of the bank’s stock valued at $560,000 after buying an additional 5,000 shares during the period. Bailard Inc. bought a new stake in BCB Bancorp during the third quarter valued at approximately $267,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in BCB Bancorp during the third quarter valued at approximately $184,000. Finally, Quadrature Capital Ltd bought a new stake in BCB Bancorp during the fourth quarter valued at approximately $178,000. 36.00% of the stock is currently owned by institutional investors.

About BCB Bancorp

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.