BCB Bancorp (NASDAQ:BCBP) Reports Quarterly Earnings

BCB Bancorp (NASDAQ:BCBP) released its earnings report on Tuesday, revealing an earnings per share (EPS) of $0.16 for the quarter. This figure fell short of the consensus estimate of $0.29 by $0.13, as reported by Zacks. Additionally, BCB Bancorp recorded a return on equity of 7.31% along with a net profit margin of 10.59%.

Stock Performance Overview

On the day of the report, BCBP stock opened at $11.89. The company's 50-day moving average stands at $12.21, while its 200-day moving average is at $12.20. Over the past year, BCB Bancorp has reached a low of $9.19 and a high of $14.04. The bank's financial health is indicated by a quick ratio of 1.23 and a current ratio of 1.23, alongside a debt-to-equity ratio of 1.79. The firm's market capitalization is approximately $202.72 million, and it has a price-to-earnings (P/E) ratio of 10.16 with a beta value of 0.61.

Insider Transactions

In related news, the Chief Operating Officer, Ryan Blake, sold 8,677 shares of BCB Bancorp stock on December 3rd, with the shares sold at an average price of $13.06, amounting to a total of $113,321.62. Following this transaction, Blake owns 39,362 shares, valued at around $514,067.72. This sale represents an 18.06% decrease in his ownership stake. The details of this transaction have been disclosed in a legal filing with the SEC. Currently, company insiders hold about 15.86% of the stock.

Analyst Ratings Update

In other developments, Keefe, Bruyette & Woods have updated their outlook on BCB Bancorp, raising their price target from $13.25 to $13.50 and maintaining a "market perform" rating for the bank in a report released on October 22.

About BCB Bancorp

BCB Bancorp, Inc serves as the bank holding company for BCB Community Bank, which focuses on providing various banking products and services to both individuals and businesses across the United States. Its offerings include insured deposit options such as savings accounts, club accounts, demand accounts, money market accounts, certificates of deposit, and individual retirement accounts.

Investing Considerations

If you are contemplating investing in BCB Bancorp, it is essential to gather all necessary information. Market reports and financial analyses indicate that other stocks might present more lucrative opportunities at this time. While BCB Bancorp receives a "Hold" recommendation from analysts, insights suggest that there are better investment options available currently.

Earnings, Stocks, Finance