Tiger Brokers

BUZZ-BCB Bancorp slips after slicing dividend by 50%

Reuters
Jan 30
BUZZ-BCB Bancorp slips after slicing dividend by 50%

** Community lender BCB Bancorp's BCBP.O shares fall 4.8% to $7.45 premarket

** BCBP slices quarterly cash dividend to $0.08 per share from $0.16

** Bank cites balance-sheet management behind move

** Meanwhile, BCBP swung to a quarterly loss, driven by a cannabis-related real estate owned property writedown

** "Throughout 2025, management took decisive, proactive steps to address asset quality while simultaneously strengthening our capital position and liquidity profile. These actions have created a more resilient foundation and position us well as we enter 2026," BCBP CEO Michael Shriner says

** One of three brokerages rates the stock "strong buy" and two "hold"; median PT $9.00 - data compiled by LSEG

** BCBP stock down 3.1% so far this month

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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