Brokerages Set $15.00 Price Target for BCB Bancorp, Inc. (BCBP)

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

Brokerages have set a 1 year consensus price target of $15.00 for the company and are predicting that the company will post $0.31 EPS for the current quarter, according to Zacks. Zacks has also given BCB Bancorp an industry rank of 115 out of 257 based on the ratings given to its competitors.

Several brokerages recently issued reports on BCBP. Zacks Investment Research downgraded BCB Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. ValuEngine downgraded BCB Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd.

Institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC bought a new stake in BCB Bancorp during the third quarter worth $148,000. Rhumbline Advisers bought a new stake in BCB Bancorp during the second quarter worth $191,000. Hartford Investment Management Co. bought a new stake in BCB Bancorp during the second quarter worth $217,000. Wells Fargo & Company MN grew its holdings in BCB Bancorp by 27.9% during the first quarter. Wells Fargo & Company MN now owns 29,825 shares of the bank’s stock worth $467,000 after buying an additional 6,500 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in BCB Bancorp by 45.6% during the second quarter. Acadian Asset Management LLC now owns 58,953 shares of the bank’s stock worth $884,000 after buying an additional 18,451 shares in the last quarter. Institutional investors and hedge funds own 30.80% of the company’s stock.

BCB Bancorp stock traded down $0.08 during trading on Thursday, hitting $12.08. 11,844 shares of the company were exchanged, compared to its average volume of 22,168. BCB Bancorp has a 52 week low of $11.77 and a 52 week high of $16.10. The company has a market capitalization of $191.92 million, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 1.20 and a beta of 0.60. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.86.

BCB Bancorp (NASDAQ:BCBP) last announced its quarterly earnings results on Friday, October 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). BCB Bancorp had a return on equity of 10.01% and a net margin of 12.44%. The company had revenue of $21.93 million for the quarter, compared to the consensus estimate of $22.94 million. On average, analysts predict that BCB Bancorp will post 1.01 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 16th. Investors of record on Friday, November 2nd will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $0.56 annualized dividend and a yield of 4.64%. BCB Bancorp’s dividend payout ratio (DPR) is currently 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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