bcb bancorp inc (BCBP:NASDAQ GM)
bcb bancorp inc (BCBP) Snapshot
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Open
$10.18
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Previous Close
$10.21
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Day High
$10.20
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Day Low
$10.16
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52 Week High
05/3/13 - $11.30
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52 Week Low
12/21/12 - $8.71
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Market Cap
85.8M
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Average Volume 10 Days
2.4K
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EPS TTM
$-0.15
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Shares Outstanding
8.4M
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EX-Date
05/3/13
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P/E TM
--
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Dividend
$0.48
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Dividend Yield
4.71%
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Related News
bcb bancorp inc (BCBP) Related Businessweek News
No Related Businessweek News Foundbcb bancorp inc (BCBP) Details
BCB Bancorp, Inc. operates as the holding company for BCB Community Bank that provides banking products and services in New Jersey. It generates various deposit products, including demand, NOW, savings and club, money market, term certificate, non-interest bearing, and individual retirement accounts, as well as certificates of deposit. The company also provides loans, including commercial and multi-family real estate loans, one- to four-family mortgage loans, home equity loans, construction loans, consumer loans, and commercial business loans. In addition, it offers retail and commercial banking services, including wire transfers, money orders, traveler’s checks, safe deposit boxes, night depository, bond coupon redemption, and automated teller services. As of December 31, 2011, the company operated 11 branches in Bayonne, Jersey City, Hoboken, Monroe Township, South Orange, and Woodbridge locations. BCB Bancorp, Inc. was founded in 2000 and is based in Bayonne, New Jersey.
bcb bancorp inc (BCBP) Top Compensated Officers
bcb bancorp inc (BCBP) Key Developments
BCB Bancorp Inc. announced the appointment of Thomas Coughlin as president of BCB Bancorp and BCB Community Bank. Coughlin has formerly been vice president of Chatham Savings Bank and controller and corporate secretary of First Savings Bank of New Jersey. Coughlin will continue to serve as chief operating officer of BCB Bancorp and BCB Community Bank.
BCB Bancorp Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported an increase in net income of $822,000 or 51.8% to $2.4 million for the three months ended March 31, 2013 from $1.6 million for the three months ended March 31, 2012. Basic and diluted earnings per share were $0.27 for the three months ended March 31, 2013 compared with $0.17 for the three months ended March 31, 2012. The increase in net income was due to an increase in total interest income along with decreases in total interest expense and non-interest expenses, partially offset by increases in the provision for loan losses and the income tax provision and a decrease in non-interest income. Net interest income increased by $1.1 million or 10.7% to $11.4 million for the three months ended March 31, 2013 from $10.3 million for the three months ended March 31, 2012. The increase in net interest income resulted primarily from an increase in the average yield on interest earning assets of 43 basis points to 4.97% for the three months ended March 31, 2013 from 4.54% for the three months ended March 31, 2012, partially offset by a decrease in the average balance of interest earning assets of $61.0 million or 5.1% to $1.132 billion for the three months ended March 31, 2013 from $1.193 billion for the three months ended March 31, 2012. Net income available to common stockholders was $2.3 million compared to $1.6 million reported a year ago. Income before income tax provision was $4.1 million compared to $2.6 million reported a year ago. Total interest income was $14.1 million compared to $13.5 million reported a year ago.
The Board of Directors of BCB Bancorp Inc. declared a quarterly cash dividend of $0.12 per common share for the first quarter of 2013 payable on May 17, 2013, with a record date of May 7, 2013.
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Industry Analysis
BCBP
Industry Average
| Valuation | BCBP | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 2.9x |
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| Price/Book | 1.0x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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