Reported Earnings • Aug 04
Second quarter 2026 earnings: EPS and revenues miss analyst expectations Second quarter 2026 results: US$0.85 loss per share (down from US$0.18 profit in 2Q 2025). Revenue: US$3.89m (down 81% from 2Q 2025). Net loss: US$14.8m (down US$17.9m from profit in 2Q 2025). Revenue missed analyst estimates by 11%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Announcement • Aug 04
BCB Bancorp, Inc. Reports Net Charge-Offs and Impairment of Goodwill for the Second Quarter Ended June 30, 2026 BCB Bancorp, Inc. reported net charge-offs and Impairment of Goodwill for the second quarter ended June 30, 2026. During the second quarter of 2026, the Company recognized $6.6 million in net charge-offs compared to $5.7 million in net charge-offs in the second quarter of 2025. Impairment of Goodwill was $5,253,000. Price Target Changed • Jul 09
Price target increased by 8.5% to US$11.75 Up from US$10.83, the current price target is an average from 3 analysts. New target price is 17% above last closing price of US$10.08. Stock is up 11% over the past year. The company is forecast to post earnings per share of US$1.07 next year compared to a net loss per share of US$0.84 last year. Announcement • Jul 04
BCB Bancorp, Inc. to Report Q2, 2026 Results on Aug 03, 2026 BCB Bancorp, Inc. announced that they will report Q2, 2026 results on Aug 03, 2026 Announcement • Jun 29
BCB Bancorp, Inc.(NasdaqGM:BCBP) dropped from Russell 2000 Dynamic Index BCB Bancorp, Inc.(NasdaqGM:BCBP) dropped from Russell 2000 Dynamic Index Announcement • Jun 02
Bcb Bancorp, Inc. and Bcb Community Bank Announces Appointment of Thomas M. O’Brien as CEO, Effective June 1, 2026 On June 1, 2026, BCB Bancorp, Inc. and its wholly owned subsidiary, BCB Community Bank, issued a press release announcing that Thomas M. O’Brien has been appointed as the President and Chief Executive Officer of the Company and the Bank, effective June 1, 2026. He will also serve on the Board of Directors of each entity. Mr. O’Brien is 75 years old and joins the Company after serving from June 2020 through March 31, 2025 as Chairman, President and Chief Executive Officer of Sterling Bancorp, Inc. He remains on the board of directors of Sterling Holding Company-in Dissolution while it winds down operations and completes its plan of dissolution. From October 2018 to March 2020, he served as Vice Chairman of New York City-based Emigrant Bancorp, Inc. and Emigrant Bank. From April 2014 until January 2018, he served as President, Chief Executive Officer and a director of Sun Bancorp, Inc. and Sun National Bank. Mr. O’Brien served on the boards of BankUnited, Inc. and BankUnited, NA from May 2012 through April 1, 2014. Prior to that, Mr. O’Brien served as President and Chief Executive Officer of State Bancorp, Inc. and its wholly-owned subsidiary, State Bank of Long Island, from November 2006 to January 2012. From 2000 to 2006, Mr. O’Brien was President and Chief Executive Officer of Atlantic Bank of New York. From 1996 to 2000, Mr. O’Brien was Vice Chairman and a board member of North Fork Bank and North Fork Bancorporation, Inc. From 1977 to 1996, Mr. O’Brien worked at North Side Savings Bank, becoming Chairman, President and Chief Executive Officer in 1985. Mr. O’Brien served as a director of the Federal Home Loan Bank of New York from 2008 to 2012 and served as Chairman of New York Bankers Association in 2007. Mr. O’Brien is currently Trustee and Chairman of the Board of Prudential Insurance Company of America Annuity Fund Complex, and Vice-Chairman of the Board and Chairman of the Finance Committee of Archcare and Catholic Healthcare Foundation for the Archdiocese of New York. Mr. O’Brien received a B.A. in Political Science from Niagara University in 1972 and an M.B.A. from Iona University in 1982. Price Target Changed • May 21
Price target increased by 20% to US$10.83 Up from US$9.00, the current price target is an average from 3 analysts. New target price is 11% above last closing price of US$9.80. Stock is up 20% over the past year. The company is forecast to post earnings per share of US$1.10 next year compared to a net loss per share of US$0.84 last year. Announcement • Apr 09
BCB Bancorp, Inc. to Report Q1, 2026 Results on Apr 21, 2026 BCB Bancorp, Inc. announced that they will report Q1, 2026 results on Apr 21, 2026 Announcement • Mar 25
BCB Bancorp, Inc., Annual General Meeting, Apr 23, 2026 BCB Bancorp, Inc., Annual General Meeting, Apr 23, 2026. Location: the chandelier restaurant, 1081 broadway, bayonne, 07002, new jersey United States Announcement • Feb 25
Bcb Bancorp Inc Announces Appointment of Gerald Werdann as Director and Committee Member, Effective March 1, 2026 BCB Bancorp Inc. announced that effective March 1, 2026, the Board of Directors has elected Gerald Werdann, age 62, to serve as a director of the Registrant in the class whose term expires at the annual meeting of shareholders to be held in April 2026. Mr. Werdann fills the current vacancy on the Board caused by a recent director retirement. He will also serve as a director of the Registrant's wholly-owned subsidiary, BCB Community Bank. Mr. Werdann is a Co-Founding Partner of Werdann DeVito LLC, a Certified Public Accounting and Consulting Firm. He is a Rutgers University graduate, is licensed as a Certified Public Accountant in New Jersey and New York, and is a member of the American Institute of Certified Public Accountants (AICPA) and the New Jersey Society of Certified Public Accountants (NJSCPA). Werdann is also Accredited in Business Valuations (ABV) and Certified in Financial Forensics (CFF) by the AICPA. Mr. Werdann will serve on the Registrant's audit committee, loan committee, and asset and liability committee (ALCO). Announcement • Jan 14
BCB Bancorp, Inc. to Report Q4, 2025 Results on Jan 30, 2026 BCB Bancorp, Inc. announced that they will report Q4, 2025 results at 8:30 AM, US Eastern Standard Time on Jan 30, 2026 Announcement • Jul 29
BCB Bancorp, Inc. to Report Q2, 2025 Results on Jul 28, 2025 BCB Bancorp, Inc. announced that they will report Q2, 2025 results on Jul 28, 2025 Announcement • Jul 22
BCB Bank Announces Promotion of Daniel A. Araujo to Senior Vice President and Chief Lending Officer BCB Bank announced the promotion of Daniel A. Araujo to Senior Vice President and Chief Lending Officer. This promotion is in alignment with BCB’s customer-first approach and dedication to organizational excellence. Mr. Araujo brings more than 20 years of industry knowledge and lending management experience to the Bank. Araujo is a highly respected industry veteran who brings a wealth of experience and an entrepreneurial mindset to the Bank. Prior to joining BCB Bank in 2023, he served as Chief Operating Officer of Real Estate Lending at Citizens Bank and Head of Portfolio Operations and Chief of Staff at Investors Bank (prior to the acquisition by Citizens’ Financial Group). In these roles, he led several of the Banks’ most critical lending initiatives—from integrating and implementing loan origination systems to helping ensure the safety and soundness of the organization through prudent credit practices. Since joining the BCB family, Mr. Araujo has been an integral part of the Bank’s overall credit evolution. Overseeing the implementation of a new loan origination system, the restructuring of departments, and the continued improvement of the overall lending process, all while focusing on perfecting the Bank’s customer service experience. In his new role, he will oversee credit policy, risk governance, and portfolio strategy across the Bank’s lending operations. Mr. Araujo will also continue to build strong cross-functional partnerships while enhancing the customer experience through strategic vision, collaboration, and exceptional leadership. Announcement • Apr 24
BCB Bancorp, Inc. to Report Q1, 2025 Results on Apr 22, 2025 BCB Bancorp, Inc. announced that they will report Q1, 2025 results on Apr 22, 2025 Announcement • Mar 21
BCB Bancorp, Inc., Annual General Meeting, Apr 24, 2025 BCB Bancorp, Inc., Annual General Meeting, Apr 24, 2025. Location: the chandelier restaurant, 1081 broadway, new jersey 07002, bayonne United States Announcement • Jan 02
BCB Bancorp, Inc. to Report Q4, 2024 Results on Jan 28, 2025 BCB Bancorp, Inc. announced that they will report Q4, 2024 results on Jan 28, 2025 Announcement • Dec 05
BCB Bancorp, Inc. and BCB Community Bank Appoints Michael J. Widmer to Its Boards of Directors BCB Bancorp, Inc., the holding company for BCB Community Bank announced the election of Michael J. Widmer to the Board of Directors of both BCB Bancorp, Inc. and BCB Community Bank, effective December 4, 2024. Mr. Widmer has over 40 years of banking experience in New Jersey. He most recently worked as a bank consultant for BCB Community Bank where he aided management and staff on a variety of projects including the installation of two loan origination systems, the review and negotiation of its data processing system contract, and the installation of a new online banking system . Prior to consulting for BCB, Mr. Widmer retired from Northfield Bank where he held the position of Executive Vice President, Head of Operations. During his eighteen-year tenure at Northfield Bank, Mr. Widmer was responsible for all Deposit Operations, Loan Servicing, BSA, Security, Property Management, and Information Technology. Prior to that, Mr. Widmer was Executive Vice President, Chief Operation Officer, Chief Financial Officer and Director at Liberty Bank in Avenel, NJ. Mr. Widmer holds a M.B. A in Finance/Economics from St. John’s University and a B.S in Accounting from Rutgers University. Announcement • Jul 20
BCB Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable on August 16, 2024 The Board of Directors of BCB Bancorp, Inc. declared a regular quarterly cash dividend of $0.16 per share. The dividend will be payable on August 16, 2024 to common shareholders of record on August 2, 2024. Announcement • Jul 03
BCB Bancorp, Inc. Elects Raymond J. Vanaria to its Boards of Directors BCB Bancorp, Inc. announced the election of Raymond J. Vanaria to the Board of Directors, effective immediately. Mr. Vanaria joined Malesardi, Quackenbush, Swift & Company LLC as an accountant in 1983, and became a member of the firm in 1988. He specializes in individual and corporate taxation, auditing, and small business consulting. Mr. Vanaria has deep experience in the areas of corporate governance and auditing. He has served on the Board of Directors for Fulton Bank (formerly Prudential Bank of Philadelphia), Millington Bank, and ConnectOne Bank (formerly Center Bancorp), serving as Chair of the Audit Committee of the latter two. He is a member of the American Institute of Certified Public Accountants, the New Jersey Society of Certified Public Accountants and MSI Global Alliance. Mr. Vanaria graduated Magna Cum Laude from Fairleigh Dickinson University with a Bachelor of Science degree and a Master of Business Administration - Finance. Reported Earnings • May 08
First quarter 2024 earnings: EPS misses analyst expectations First quarter 2024 results: EPS: US$0.32 (down from US$0.47 in 1Q 2023). Revenue: US$23.2m (down 8.0% from 1Q 2023). Net income: US$5.43m (down 32% from 1Q 2023). Profit margin: 24% (down from 32% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.8%. Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • May 03
Bcb Bancorp, Inc. and BCB Community Bank Elects Tara L. French Boards of Directors BCB Bancorp, Inc. announced the election of Tara L. French to the Board of Directors of both BCB Bancorp, Inc. and BCB Community Bank, effective immediately. Ms. French previously was an officer at Northfield Bank until her retirement in June 2023. She joined Northfield in 2017 as the Chief Administrative Officer, and she was named Chief Risk Officer in September 2020. Prior to joining Northfield Bank, Ms. French was an Assistant Deputy Comptroller at the Office of the Comptroller of the Currency from 2011 to 2017, where she worked in the New York District Office supervising commercial banks and thrifts in the Community Bank Program. Ms. French will serve on the Audit Committee, the ALCO Committee, and the Nominating/Corporate Governance Committee. Major Estimate Revision • Apr 26
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$102.7m to US$100.2m. EPS estimate also fell from US$1.39 per share to US$1.24 per share. Net income forecast to shrink 15% next year vs 0.9% growth forecast for Banks industry in the US . Consensus price target down from US$13.75 to US$12.50. Share price was steady at US$9.44 over the past week. Declared Dividend • Apr 24
First quarter dividend of US$0.16 announced Dividend of US$0.16 is the same as last year. Ex-date: 2nd May 2024 Payment date: 17th May 2024 Dividend yield will be 6.6%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 2.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Price Target Changed • Apr 24
Price target decreased by 9.1% to US$12.50 Down from US$13.75, the current price target is an average from 4 analysts. New target price is 30% above last closing price of US$9.61. Stock is down 16% over the past year. The company is forecast to post earnings per share of US$1.24 for next year compared to US$1.71 last year. Reported Earnings • Apr 22
First quarter 2024 earnings: EPS misses analyst expectations First quarter 2024 results: EPS: US$0.32 (down from US$0.47 in 1Q 2023). Revenue: US$23.2m (down 8.0% from 1Q 2023). Net income: US$5.43m (down 32% from 1Q 2023). Profit margin: 24% (down from 32% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.8%. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Apr 21
BCB Bancorp, Inc. Reports Net Charge-Offs for the First Quarter Ended March 31, 2024 BCB Bancorp, Inc. reported net charge-offs for the first quarter ended March 31, 2024. For the quarter, the company recognized $1.1 million in net charge-offs compared to a $52,000 net recoveries in the first quarter of 2023. Announcement • Apr 20
BCB Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable on May 17, 2024 BCB Bancorp, Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.16 per share. The dividend will be payable on May 17, 2024 to common shareholders of record on May 3, 2024. Announcement • Apr 17
BCB Bancorp, Inc. to Report Q1, 2024 Results on Apr 19, 2024 BCB Bancorp, Inc. announced that they will report Q1, 2024 results on Apr 19, 2024 Announcement • Mar 16
BCB Bancorp, Inc., Annual General Meeting, Apr 25, 2024 BCB Bancorp, Inc., Annual General Meeting, Apr 25, 2024, at 10:00 US Eastern Standard Time. Location: The Chandelier Restaurant, 1081 Broadway, Bayonne New Jersey United States Agenda: To consider the election of four directors; to consider the ratification of the appointment of Wolf & Company, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2024; and to consider the executive compensation. Reported Earnings • Mar 10
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: US$1.71 (down from US$2.64 in FY 2022). Revenue: US$102.0m (down 14% from FY 2022). Net income: US$28.8m (down 36% from FY 2022). Profit margin: 28% (down from 38% in FY 2022). Net interest margin (NIM): 2.85% (down from 3.78% in FY 2022). Non-performing loans: 0.57% (up from 0.17% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.1%. Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$10.48, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Banks industry in the US. Total loss to shareholders of 7.4% over the past three years. Major Estimate Revision • Feb 01
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$104.1m to US$102.9m. EPS estimate also fell from US$1.58 per share to US$1.39 per share. Net income forecast to shrink 18% next year vs 3.5% decline forecast for Banks industry in the US. Consensus price target broadly unchanged at US$14.63. Share price fell 5.0% to US$12.42 over the past week. New Risk • Jan 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Declared Dividend • Jan 28
Fourth quarter dividend of US$0.16 announced Dividend of US$0.16 is the same as last year. Ex-date: 2nd February 2024 Payment date: 16th February 2024 Dividend yield will be 4.8%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (38% payout ratio) and is expected to be well covered in 3 years' time (34% forecast payout ratio). The dividend has increased by an average of 2.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 9.9% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 27
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: US$1.71 (down from US$2.64 in FY 2022). Revenue: US$102.0m (down 14% from FY 2022). Net income: US$28.8m (down 36% from FY 2022). Profit margin: 28% (down from 38% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.0%. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jan 25
Cb Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable on February 16, 2024 BCB Bancorp, Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.16 per share. The dividend will be payable on February 16, 2024 to common shareholders of record on February 5, 2024. Price Target Changed • Jan 11
Price target increased by 12% to US$14.50 Up from US$13.00, the current price target is an average from 4 analysts. New target price is 15% above last closing price of US$12.59. Stock is down 31% over the past year. The company is forecast to post earnings per share of US$1.77 for next year compared to US$2.64 last year. Announcement • Jan 10
BCB Bancorp, Inc. to Report Q4, 2023 Results on Jan 25, 2024 BCB Bancorp, Inc. announced that they will report Q4, 2023 results on Jan 25, 2024 Upcoming Dividend • Oct 26
Upcoming dividend of US$0.16 per share at 6.7% yield Eligible shareholders must have bought the stock before 02 November 2023. Payment date: 17 November 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 6.7%. Within top quartile of American dividend payers (5.3%). Higher than average of industry peers (4.1%). Price Target Changed • Oct 23
Price target decreased by 12% to US$14.00 Down from US$15.83, the current price target is an average from 4 analysts. New target price is 43% above last closing price of US$9.79. Stock is down 50% over the past year. The company is forecast to post earnings per share of US$1.81 for next year compared to US$2.64 last year. Reported Earnings • Oct 22
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: US$0.39 (down from US$0.78 in 3Q 2022). Revenue: US$24.9m (down 23% from 3Q 2022). Net income: US$6.54m (down 51% from 3Q 2022). Profit margin: 26% (down from 41% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Oct 20
BCB Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on November 17, 2023 BCB Bancorp, Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.16 per share. The dividend will be payable on November 17, 2023 to common shareholders of record on November 3, 2023. Upcoming Dividend • Jul 27
Upcoming dividend of US$0.16 per share at 5.0% yield Eligible shareholders must have bought the stock before 03 August 2023. Payment date: 18 August 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (3.4%). Reported Earnings • Jul 21
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: US$0.50 (down from US$0.59 in 2Q 2022). Revenue: US$26.8m (down 2.4% from 2Q 2022). Net income: US$8.43m (down 16% from 2Q 2022). Profit margin: 32% (down from 37% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 7.4%. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 14
Independent Chairman of the Board recently bought US$59k worth of stock On the 9th of June, Mark Hogan bought around 5k shares on-market at roughly US$11.87 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$169k. Mark has been a buyer over the last 12 months, purchasing a net total of US$750k worth in shares. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$12.53, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Banks industry in the US. Total returns to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$23.42 per share. Upcoming Dividend • Apr 27
Upcoming dividend of US$0.16 per share at 5.6% yield Eligible shareholders must have bought the stock before 04 May 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of American dividend payers (5.0%). Higher than average of industry peers (3.7%). Recent Insider Transactions • Apr 25
Independent Chairman of the Board recently bought US$110k worth of stock On the 21st of April, Mark Hogan bought around 10k shares on-market at roughly US$11.04 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Mark's only on-market trade for the last 12 months. Major Estimate Revision • Apr 25
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$126.1m to US$115.1m. EPS estimate also fell from US$2.52 per share to US$2.16 per share. Net income forecast to shrink 11% next year vs 0.5% decline forecast for Banks industry in the US. Consensus price target down from US$15.75 to US$14.25. Share price fell 2.4% to US$11.32 over the past week. Price Target Changed • Apr 20
Price target decreased by 9.5% to US$14.25 Down from US$15.75, the current price target is an average from 2 analysts. New target price is 30% above last closing price of US$10.99. Stock is down 42% over the past year. The company is forecast to post earnings per share of US$2.16 for next year compared to US$2.64 last year. Price Target Changed • Apr 08
Price target decreased by 7.8% to US$18.75 Down from US$20.33, the current price target is an average from 2 analysts. New target price is 56% above last closing price of US$12.03. Stock is down 32% over the past year. The company is forecast to post earnings per share of US$2.59 for next year compared to US$2.64 last year. Recent Insider Transactions • Mar 23
Independent Director recently bought US$78k worth of stock On the 16th of March, Judith Bielan bought around 5k shares on-market at roughly US$14.38 per share. This transaction amounted to 4.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$266k more in shares than they have sold in the last 12 months. Reported Earnings • Mar 14
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: US$2.64 (up from US$1.94 in FY 2021). Revenue: US$118.6m (up 16% from FY 2021). Net income: US$44.8m (up 35% from FY 2021). Profit margin: 38% (up from 32% in FY 2021). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.78% (up from 3.46% in FY 2021). Non-performing loans: 0.17% (down from 0.64% in FY 2021). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 2.5%. Revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to US$13.43, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Banks industry in the US. Total returns to shareholders of 80% over the past three years. Announcement • Jan 27
BCB Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable February 17, 2023 BCB Bancorp, Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.16 per share. The dividend will be payable February 17, 2023, to common shareholders of record on February 3, 2023. Reported Earnings • Jan 26
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: US$2.64 (up from US$1.94 in FY 2021). Revenue: US$118.6m (up 16% from FY 2021). Net income: US$44.8m (up 35% from FY 2021). Profit margin: 38% (up from 32% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 2.5%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions Derivative • Jan 20
Independent Director exercised options to buy US$178k worth of stock. On the 17th of January, Judith Bielan exercised options to buy 10k shares at a strike price of around US$9.03, costing a total of US$90k. This transaction amounted to 9.3% of their direct individual holding at the time of the trade. Since March 2022, Judith has owned 107.99k shares directly. Company insiders have collectively bought US$712k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • Dec 01
Independent Director exercised options to buy US$398k worth of stock. On the 29th of November, James Collins exercised options to buy 21k shares at a strike price of around US$10.08, costing a total of US$212k. This transaction amounted to 12% of their direct individual holding at the time of the trade. Since December 2021, James' direct individual holding has increased from 177.59k shares to 180.59k. Company insiders have collectively bought US$227k more than they sold, via options and on-market transactions, in the last 12 months. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. Senior VP, COO, Corporate Secretary & Director Ryan Blake was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Oct 24
Upcoming dividend of US$0.16 per share Eligible shareholders must have bought the stock before 31 October 2022. Payment date: 15 November 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of American dividend payers (4.6%). In line with average of industry peers (3.2%). Reported Earnings • Oct 22
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: US$0.78 (up from US$0.47 in 3Q 2021). Revenue: US$32.4m (up 28% from 3Q 2021). Net income: US$13.2m (up 65% from 3Q 2021). Profit margin: 41% (up from 32% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. 