BCB Bancorp Inc (NASDAQ: BCBP) has reported earnings for its second fiscal quarter (ending June 30) of $0.14 versus $0.50 for the same period a year ago — a decline of -72%. This result fell short of the consensus estimate of $0.30 by $-0.16. For the latest four quarters through June 30, E.P.S. were $1.20 versus $2.45 for the same period a year ago — a decline of -51%.
Recent Price Action
BCB Bancorp Inc (NASDAQ: BCBP) stock closed at $12.22 on 7/19/24 after an increase of 1.7%. Moreover, trading volume in this advance was above average at 122% of normal. Relative to the market the stock has been weak over the last nine months but has risen 10.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, BCBP is expected to continue to be a modest Value Builder.
BCB Bancorp has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. BCB Bancorp has a very high Appreciation Score of 85 but a poor Power Rating of 16, leading to the Neutral Value Trend Rating.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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