BCB Bancorp Inc reports results for the quarter ended in March - Earnings Summary

Bcb Bancorp

19/04/2024 22:07

* BCB Bancorp Inc  BCBP.OQ  reported quarterly adjusted
earnings
of 32 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 46 cents.  The mean expectation of four analysts for the
quarter was for earnings of 34 cents per share. Wall Street
expected results to range from 34 cents to 35 cents per share.
    * Revenue fell 2.2% to $25.25 million from a year ago;
analysts
expected $25.29 million. 
    * BCB Bancorp Inc's reported EPS for the quarter was 32
cents​.
    * The company reported quarterly net income of $5.43
million.
    * BCB Bancorp Inc shares had fallen by 8.9% this quarter and
lost 25.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
 "hold."

Wall Street's median 12-month price target for BCB Bancorp Inc
is $13.50 
This summary was machine generated from LSEG data April 19 at
09:06 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.34           0.32           Missed
 Dec. 31 2023      0.38           0.35           Missed
 Sep. 30 2023      0.50           0.39           Missed
 Jun. 30 2023      0.55           0.50           Missed