BCB Bancorp, Inc. (NASDAQ:BCBP – Get Free Report) announced a quarterly dividend on Wednesday, October 16th, Zacks reports. Stockholders of record on Friday, November 1st will be paid a dividend of 0.16 per share by the bank on Friday, November 15th. This represents a $0.64 annualized dividend and a dividend yield of 5.18%. The ex-dividend date is Friday, November 1st.
BCB Bancorp has raised its dividend payment by an average of 4.6% annually over the last three years. BCB Bancorp has a payout ratio of 44.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect BCB Bancorp to earn $1.56 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 41.0%.
BCB Bancorp Stock Up 1.2 %
BCB Bancorp stock opened at $12.35 on Thursday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.19 and a current ratio of 1.21. The stock has a market cap of $209.42 million, a PE ratio of 7.92 and a beta of 0.57. BCB Bancorp has a fifty-two week low of $9.19 and a fifty-two week high of $13.90. The firm’s 50-day simple moving average is $12.25 and its 200 day simple moving average is $11.19.
Wall Street Analysts Forecast Growth
BCBP has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of BCB Bancorp from $13.25 to $13.50 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Piper Sandler boosted their price objective on BCB Bancorp from $11.50 to $14.00 and gave the company a “neutral” rating in a research note on Monday, July 29th.
Get Our Latest Stock Analysis on BCB Bancorp
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.
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