FY2025 EPS Estimates for BCB Bancorp Lowered by DA Davidson

BCB Bancorp, Inc. (NASDAQ:BCBP) – Research analysts at DA Davidson dropped their FY2025 EPS estimates for BCB Bancorp in a report issued on Thursday, December 19th. DA Davidson analyst M. Navas now forecasts that the bank will post earnings of $1.55 per share for the year, down from their previous estimate of $1.65. The consensus estimate for BCB Bancorp’s current full-year earnings is $1.27 per share.

BCB Bancorp (NASDAQ:BCBP) last issued its earnings results on Friday, October 18th. The bank reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.04. BCB Bancorp had a return on equity of 7.31% and a net margin of 10.59%. The business had revenue of $51.75 million during the quarter, compared to analyst estimates of $25.29 million.

Separately, Keefe, Bruyette & Woods raised their target price on shares of BCB Bancorp from $13.25 to $13.50 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd.

BCB Bancorp Trading Up 2.9 %

Shares of BCBP stock opened at $12.07 on Friday. The business has a 50-day moving average of $12.74 and a 200 day moving average of $11.89. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.23 and a quick ratio of 1.23. BCB Bancorp has a 1-year low of $9.19 and a 1-year high of $14.04. The stock has a market capitalization of $205.77 million, a PE ratio of 10.32 and a beta of 0.59.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BCBP. CWM LLC lifted its holdings in BCB Bancorp by 1,232.6% in the second quarter. CWM LLC now owns 2,492 shares of the bank’s stock valued at $26,000 after acquiring an additional 2,305 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of BCB Bancorp during the 2nd quarter worth $119,000. Jane Street Group LLC raised its holdings in BCB Bancorp by 5.1% in the 3rd quarter. Jane Street Group LLC now owns 15,669 shares of the bank’s stock worth $193,000 after purchasing an additional 767 shares during the period. Barclays PLC raised its holdings in BCB Bancorp by 235.3% in the 3rd quarter. Barclays PLC now owns 22,375 shares of the bank’s stock worth $277,000 after purchasing an additional 15,702 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in BCB Bancorp during the third quarter valued at $356,000. 36.00% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, COO Ryan Blake sold 8,677 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $13.06, for a total value of $113,321.62. Following the transaction, the chief operating officer now owns 39,362 shares in the company, valued at approximately $514,067.72. This represents a 18.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 15.86% of the stock is owned by company insiders.

BCB Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date was Friday, November 1st. BCB Bancorp’s dividend payout ratio is presently 54.70%.

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.