BCB Bancorp (NASDAQ:BCBP) Price Target Lowered to $12.00 at Keefe, Bruyette & Woods

BCB Bancorp (NASDAQ:BCBP) had its target price trimmed by Keefe, Bruyette & Woods from $14.00 to $12.00 in a research note released on Tuesday morning, Benzinga reports. The brokerage currently has a market perform rating on the bank’s stock.

A number of other brokerages have also recently issued reports on BCBP. TheStreet cut BCB Bancorp from a b- rating to a c+ rating in a research note on Tuesday, February 20th. Piper Sandler upped their price objective on BCB Bancorp from $13.00 to $13.50 and gave the stock a neutral rating in a research note on Tuesday, January 30th. Three 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 currently has an average rating of Hold and a consensus price target of $12.75.

BCB Bancorp Trading Up 0.2 %

NASDAQ:BCBP opened at $9.46 on Tuesday. BCB Bancorp has a twelve month low of $9.19 and a twelve month high of $13.90. The company has a market cap of $160.35 million, a P/E ratio of 6.06 and a beta of 0.58. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.77. The business has a 50 day moving average price of $10.18 and a two-hundred day moving average price of $11.23.

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 analysts’ consensus estimates of $0.37 by ($0.02). BCB Bancorp had a return on equity of 9.78% and a net margin of 13.41%. The company had revenue of $27.15 million for the quarter, compared to the consensus estimate of $27.33 million. As a group, analysts expect that BCB Bancorp will post 1.4 EPS for the current fiscal year.

BCB Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 6.77%. The ex-dividend date is Thursday, May 2nd. BCB Bancorp’s dividend payout ratio (DPR) is presently 41.03%.

Institutional Investors Weigh In On BCB Bancorp

A number of large investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund raised its stake in BCB Bancorp by 91.1% in the 4th quarter. New York State Common Retirement Fund now owns 2,727 shares of the bank’s stock valued at $35,000 after acquiring an additional 1,300 shares during the period. Strs Ohio raised its stake in BCB Bancorp by 13.0% in the 4th quarter. Strs Ohio now owns 43,600 shares of the bank’s stock valued at $560,000 after acquiring an additional 5,000 shares during the period. SG Americas Securities LLC bought a new stake in BCB Bancorp in the 4th quarter valued at $106,000. RMR Wealth Builders bought a new stake in BCB Bancorp in the 4th quarter valued at $164,000. Finally, LSV Asset Management increased its position in 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 buying an additional 13,500 shares during the period. Institutional investors own 36.00% of the company’s stock.

About BCB Bancorp

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.