BCB Bancorp (BCBP) Set to Announce Earnings on Tuesday

BCB Bancorp (NASDAQ:BCBP) is scheduled to release its earnings data on Tuesday, April 16th.

BCB Bancorp (NASDAQ:BCBP) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). BCB Bancorp had a return on equity of 11.46% and a net margin of 15.32%. The firm had revenue of $27.15 million for the quarter, compared to the consensus estimate of $27.33 million. On average, analysts expect BCB Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

BCB Bancorp Stock Performance

Shares of BCBP opened at $9.78 on Monday. The business’s fifty day moving average price is $10.49 and its 200 day moving average price is $11.34. BCB Bancorp has a 12-month low of $9.40 and a 12-month high of $13.90. The stock has a market capitalization of $165.77 million, a PE ratio of 5.75 and a beta of 0.58. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.20 and a quick ratio of 1.20.

BCB Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Monday, February 5th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date was Friday, February 2nd. BCB Bancorp’s payout ratio is 37.65%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BCBP shares. Piper Sandler raised their target price on BCB Bancorp from $13.00 to $13.50 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. TheStreet cut BCB Bancorp from a “b-” rating to a “c+” rating in a research note on Tuesday, February 20th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $15.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BCBP. JPMorgan Chase & Co. grew its holdings in BCB Bancorp by 173.0% during the first quarter. JPMorgan Chase & Co. now owns 15,045 shares of the bank’s stock worth $275,000 after acquiring an additional 9,535 shares during the period. American Century Companies Inc. grew its holdings in BCB Bancorp by 29.7% during the first quarter. American Century Companies Inc. now owns 66,826 shares of the bank’s stock worth $1,220,000 after acquiring an additional 15,301 shares during the period. Citigroup Inc. acquired a new position in BCB Bancorp during the first quarter worth about $235,000. Dimensional Fund Advisors LP grew its holdings in BCB Bancorp by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 839,823 shares of the bank’s stock worth $15,327,000 after acquiring an additional 27,577 shares during the period. Finally, UBS Group AG grew its holdings in BCB Bancorp by 199.9% during the first quarter. UBS Group AG now owns 2,981 shares of the bank’s stock worth $54,000 after acquiring an additional 1,987 shares during the period. 36.00% of the stock is owned by institutional investors and hedge funds.

BCB Bancorp Company Profile

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.