BCB Bancorp, Inc. (NASDAQ:BCBP) Given Average Recommendation of “Buy” by Brokerages

Shares of BCB Bancorp, Inc. (NASDAQ:BCBP) have earned a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.

Analysts have set a 1-year consensus price target of $15.00 for the company and are predicting that the company will post $0.26 EPS for the current quarter, according to Zacks. Zacks has also assigned BCB Bancorp an industry rank of 105 out of 255 based on the ratings given to related companies.

Several equities analysts recently weighed in on the stock. ValuEngine lowered shares of BCB Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, October 24th. Zacks Investment Research lowered shares of BCB Bancorp from a “buy” rating to a “strong sell” rating in a report on Thursday, October 24th.

NASDAQ:BCBP traded up $0.06 on Wednesday, hitting $13.18. 767 shares of the stock were exchanged, compared to its average volume of 33,957. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.17 and a current ratio of 1.17. BCB Bancorp has a 52 week low of $10.12 and a 52 week high of $14.96. The stock has a market capitalization of $214.55 million, a price-to-earnings ratio of 13.04 and a beta of 0.80. The company’s 50-day moving average price is $12.92 and its 200 day moving average price is $12.72.

BCB Bancorp (NASDAQ:BCBP) last issued its earnings results on Friday, October 18th. The bank reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. The company had revenue of $22.14 million for the quarter. BCB Bancorp had a net margin of 16.17% and a return on equity of 10.84%. As a group, equities research analysts predict that BCB Bancorp will post 1.15 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.25%. BCB Bancorp’s dividend payout ratio (DPR) is presently 55.45%.

Several institutional investors have recently bought and sold shares of BCBP. Van Hulzen Asset Management LLC increased its stake in shares of BCB Bancorp by 6.7% in the 3rd quarter. Van Hulzen Asset Management LLC now owns 19,261 shares of the bank’s stock valued at $247,000 after acquiring an additional 1,201 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in BCB Bancorp by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 117,331 shares of the bank’s stock valued at $1,626,000 after purchasing an additional 1,287 shares during the period. Strs Ohio grew its holdings in BCB Bancorp by 7.6% during the second quarter. Strs Ohio now owns 21,300 shares of the bank’s stock valued at $295,000 after purchasing an additional 1,500 shares during the period. Rhumbline Advisers increased its stake in BCB Bancorp by 10.5% in the third quarter. Rhumbline Advisers now owns 22,065 shares of the bank’s stock valued at $283,000 after purchasing an additional 2,101 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in BCB Bancorp by 8.7% in the second quarter. Bessemer Group Inc. now owns 27,600 shares of the bank’s stock valued at $382,000 after purchasing an additional 2,200 shares in the last quarter. Institutional investors own 30.10% of the company’s stock.

BCB Bancorp Company Profile

BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank, a state-chartered commercial bank that provides banking products and services to businesses and individuals in the United States. The company offers deposit products, including interest and non-interest bearing demand, NOW, savings and club, money market, term certificate, interest bearing checking, and individual retirement accounts.

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