Zacks: BCB Bancorp, Inc. (BCBP) Given Consensus Recommendation of “Buy” by Brokerages
Shares of BCB Bancorp, Inc. (NASDAQ:BCBP) have earned an average broker rating score of 2.33 (Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. BCB Bancorp’s rating score has declined by 16.5% from 90 days ago as a result of various analysts’ ratings changes.
Brokerages have set a twelve-month consensus price target of $15.00 for the company and are expecting that the company will post $0.31 earnings per share for the current quarter, according to Zacks. Zacks has also assigned BCB Bancorp an industry rank of 161 out of 256 based on the ratings given to its competitors.
Several equities research analysts recently commented on the company. Sandler O’Neill started coverage on BCB Bancorp in a report on Monday, January 14th. They issued a “hold” rating and a $12.00 price target for the company. Zacks Investment Research raised BCB Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th. TheStreet cut BCB Bancorp from a “b” rating to a “c+” rating in a research note on Thursday, December 6th. Finally, ValuEngine cut BCB Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd.
Shares of NASDAQ:BCBP opened at $11.10 on Friday. BCB Bancorp has a fifty-two week low of $10.12 and a fifty-two week high of $16.10. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.77. The stock has a market capitalization of $175.40 million, a P/E ratio of 12.07, a P/E/G ratio of 0.89 and a beta of 0.60.
BCB Bancorp (NASDAQ:BCBP) last posted its quarterly earnings results on Friday, October 19th. The bank reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). BCB Bancorp had a net margin of 12.44% and a return on equity of 9.88%. The company had revenue of $21.93 million during the quarter, compared to analyst estimates of $22.94 million. On average, analysts expect that BCB Bancorp will post 1.01 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Friday, February 8th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, February 7th. This represents a $0.56 annualized dividend and a yield of 5.05%. BCB Bancorp’s dividend payout ratio (DPR) is 60.87%.
BCB Bancorp Company Profile
BCB Bancorp, Inc operates as the 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 savings and club accounts, demand and NOW accounts, interest and non-interest bearing demand accounts, money market accounts, certificates of deposit, individual retirement accounts, and term certificate accounts.
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