Zacks: BCB Bancorp, Inc. (BCBP) Receives Average Recommendation of “Buy” from Brokerages

BCB Bancorp, Inc. (NASDAQ:BCBP) has received a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.

Brokerages have set a 12-month consensus target price 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 given BCB Bancorp an industry rank of 103 out of 257 based on the ratings given to its competitors.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of BCB Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, October 26th. ValuEngine lowered shares of BCB Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Northern Trust Corp grew its position in BCB Bancorp by 2.8% in the 1st quarter. Northern Trust Corp now owns 142,371 shares of the bank’s stock valued at $2,228,000 after buying an additional 3,937 shares in the last quarter. BlackRock Inc. lifted its holdings in BCB Bancorp by 0.8% in the 1st quarter. BlackRock Inc. now owns 592,873 shares of the bank’s stock valued at $9,278,000 after acquiring an additional 4,735 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in BCB Bancorp by 27.9% in the 1st quarter. Wells Fargo & Company MN now owns 29,825 shares of the bank’s stock valued at $467,000 after acquiring an additional 6,500 shares during the last quarter. Private Advisor Group LLC acquired a new stake in BCB Bancorp in the 3rd quarter valued at about $148,000. Finally, Rhumbline Advisers acquired a new stake in BCB Bancorp in the 2nd quarter valued at about $191,000. Hedge funds and other institutional investors own 30.90% of the company’s stock.

BCBP traded down $0.09 on Thursday, reaching $11.73. The company had a trading volume of 15,789 shares, compared to its average volume of 22,358. The firm has a market capitalization of $187.25 million, a PE ratio of 12.75, a P/E/G ratio of 1.17 and a beta of 0.60. The company has a quick ratio of 1.16, a current ratio of 1.15 and a debt-to-equity ratio of 1.77. BCB Bancorp has a one year low of $11.68 and a one year high of $16.10.

BCB Bancorp (NASDAQ:BCBP) last announced its earnings results on Friday, October 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). The company had revenue of $21.93 million during the quarter, compared to the consensus estimate of $22.94 million. BCB Bancorp had a net margin of 12.44% and a return on equity of 9.88%. On average, equities analysts expect that BCB Bancorp will post 1.01 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 16th. Investors of record on Friday, November 2nd will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $0.56 dividend on an annualized basis and a yield of 4.77%. BCB Bancorp’s dividend payout ratio is presently 60.87%.

About BCB Bancorp

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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