DA Davidson Weighs in on BCB Bancorp, Inc.’s Q2 2024 Earnings (NASDAQ:BCBP)

BCB Bancorp, Inc. (NASDAQ:BCBP) – Analysts at DA Davidson issued their Q2 2024 EPS estimates for shares of BCB Bancorp in a research report issued on Tuesday, April 23rd. DA Davidson analyst M. Navas expects that the bank will post earnings of $0.30 per share for the quarter. The consensus estimate for BCB Bancorp’s current full-year earnings is $1.48 per share. DA Davidson also issued estimates for BCB Bancorp’s FY2024 earnings at $1.25 EPS and FY2025 earnings at $1.55 EPS.

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). The firm had revenue of $27.15 million during the quarter, compared to analyst estimates of $27.33 million. BCB Bancorp had a net margin of 13.41% and a return on equity of 9.78%.

Several other brokerages have also recently issued reports on BCBP. Keefe, Bruyette & Woods dropped their price objective on shares of BCB Bancorp from $14.00 to $12.00 and set a “market perform” rating on the stock in a research note on Tuesday. TheStreet cut shares of BCB Bancorp from a “b-” rating to a “c+” rating in a research note on Tuesday, February 20th. Finally, Piper Sandler upped 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 equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $12.75.

BCB Bancorp Stock Performance

Shares of BCBP opened at $9.61 on Wednesday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market capitalization of $162.89 million, a P/E ratio of 6.16 and a beta of 0.58. The company’s fifty day moving average is $10.29 and its two-hundred day moving average is $11.27. BCB Bancorp has a 1 year low of $9.19 and a 1 year high of $13.90.

BCB Bancorp Dividend Announcement

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

Hedge Funds Weigh In On BCB Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the stock. LSV Asset Management grew its stake in shares of BCB Bancorp by 10.2% during the 3rd quarter. LSV Asset Management now owns 146,391 shares of the bank’s stock worth $1,631,000 after purchasing an additional 13,500 shares during the period. SG Americas Securities LLC purchased a new stake in shares of BCB Bancorp in the 4th quarter worth about $106,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of BCB Bancorp in the 3rd quarter worth about $184,000. Bailard Inc. purchased a new stake in shares of BCB Bancorp in the 3rd quarter worth about $267,000. Finally, Strs Ohio boosted its position in shares of BCB Bancorp by 407.9% in the 3rd quarter. Strs Ohio now owns 38,600 shares of the bank’s stock worth $430,000 after buying an additional 31,000 shares in the last quarter. 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.