BCB Bancorp, Inc. Plans Quarterly Dividend of $0.16 (NASDAQ:BCBP)

BCB Bancorp, Inc. (NASDAQ:BCBP) announced a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Investors of record on Friday, February 7th will be given a dividend of 0.16 per share by the bank on Monday, February 24th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date of this dividend is Friday, February 7th.

BCB Bancorp has increased its dividend by an average of 2.2% annually over the last three years. BCB Bancorp has a payout ratio of 37.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect BCB Bancorp to earn $1.46 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 43.8%.

BCB Bancorp Trading Up 0.4 %

NASDAQ:BCBP traded up $0.05 during trading hours on Wednesday, hitting $11.78. The stock had a trading volume of 69,611 shares, compared to its average volume of 56,978. BCB Bancorp has a one year low of $9.19 and a one year high of $14.04. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market cap of $200.83 million, a price-to-earnings ratio of 10.07 and a beta of 0.61. The business’s 50 day moving average is $12.19 and its 200-day moving average is $12.21.

BCB Bancorp (NASDAQ:BCBP) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.13). BCB Bancorp had a net margin of 10.59% and a return on equity of 7.31%. Sell-side analysts anticipate that BCB Bancorp will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Transactions at BCB Bancorp

In other BCB Bancorp news, COO Ryan Blake sold 8,677 shares of BCB Bancorp stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $13.06, for a total value of $113,321.62. Following the completion of the sale, the chief operating officer now owns 39,362 shares in the company, valued at $514,067.72. The trade was a 18.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 15.86% of the stock is currently owned by corporate insiders.

BCB Bancorp Company Profile

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.