BCB Bancorp, Inc. (NJ) (BCBP) Given $15.00 Average Target Price by Analysts
Shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) have received an average broker rating score of 1.50 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company.
Brokers have set a 1-year consensus target price of $15.00 for the company and are expecting that the company will post $0.21 earnings per share for the current quarter, according to Zacks. Zacks has also given BCB Bancorp, Inc. (NJ) an industry rank of 124 out of 265 based on the ratings given to related companies.
BCBP has been the topic of several research analyst reports. DA Davidson initiated coverage on shares of BCB Bancorp, Inc. (NJ) in a research note on Thursday, September 14th. They set a “buy” rating and a $15.00 target price on the stock. Keefe, Bruyette & Woods initiated coverage on shares of BCB Bancorp, Inc. (NJ) in a research note on Thursday, September 14th. They set an “outperform” rating and a $14.00 target price on the stock. Finally, ValuEngine raised shares of BCB Bancorp, Inc. (NJ) from a “hold” rating to a “buy” rating in a research note on Monday, September 18th.
Shares of BCB Bancorp, Inc. (BCBP) traded down $0.05 during trading hours on Friday, reaching $14.40. 43,923 shares of the company traded hands, compared to its average volume of 37,160. The company has a market cap of $216.46, a P/E ratio of 15.00, a PEG ratio of 1.57 and a beta of 0.43. BCB Bancorp, Inc. has a 12-month low of $12.00 and a 12-month high of $17.05. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.11 and a current ratio of 1.12.
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last released its earnings results on Thursday, October 19th. The bank reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The firm had revenue of $17.21 million for the quarter, compared to analysts’ expectations of $17.70 million. BCB Bancorp, Inc. (NJ) had a net margin of 14.19% and a return on equity of 9.04%. sell-side analysts anticipate that BCB Bancorp, Inc. will post 0.92 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Friday, November 3rd were paid a $0.14 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $0.56 annualized dividend and a dividend yield of 3.89%. BCB Bancorp, Inc. (NJ)’s dividend payout ratio is currently 58.33%.
In other news, CFO Thomas Keating bought 2,000 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were acquired at an average cost of $12.75 per share, with a total value of $25,500.00. Following the completion of the transaction, the chief financial officer now directly owns 2,000 shares in the company, valued at approximately $25,500. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director August Pellegrini, Jr. bought 2,150 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was purchased at an average cost of $12.25 per share, for a total transaction of $26,337.50. Following the completion of the transaction, the director now owns 101,091 shares of the company’s stock, valued at $1,238,364.75. The disclosure for this purchase can be found here. Insiders bought a total of 48,830 shares of company stock worth $607,299 in the last ninety days. Corporate insiders own 16.76% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in BCBP. State Street Corp boosted its holdings in shares of BCB Bancorp, Inc. (NJ) by 389.6% during the second quarter. State Street Corp now owns 126,807 shares of the bank’s stock worth $1,940,000 after purchasing an additional 100,907 shares during the period. Northern Trust Corp boosted its holdings in shares of BCB Bancorp, Inc. (NJ) by 334.4% during the second quarter. Northern Trust Corp now owns 106,720 shares of the bank’s stock worth $1,633,000 after purchasing an additional 82,153 shares during the period. Vanguard Group Inc. boosted its holdings in shares of BCB Bancorp, Inc. (NJ) by 21.4% during the second quarter. Vanguard Group Inc. now owns 303,932 shares of the bank’s stock worth $4,650,000 after purchasing an additional 53,474 shares during the period. TIAA CREF Investment Management LLC acquired a new stake in shares of BCB Bancorp, Inc. (NJ) during the second quarter worth approximately $394,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of BCB Bancorp, Inc. (NJ) by 142.4% during the second quarter. Bank of New York Mellon Corp now owns 41,236 shares of the bank’s stock worth $631,000 after purchasing an additional 24,224 shares during the period. 28.32% of the stock is currently owned by institutional investors and hedge funds.
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BCB Bancorp, Inc. (NJ) Company Profile
BCB Bancorp, Inc is the holding company parent of BCB Community Bank (the Bank). The Bank is a community-oriented financial institution. Its business is to offer Federal Deposit Insurance Corporation (FDIC)-insured deposit products and to invest funds held in deposit accounts at the Bank, together with funds generated from operations, in loans and investment securities.
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