BCB Bancorp, Inc. (NJ) (BCBP) vs Meridian Bank (MRBK)

BCB Bancorp, Inc. (NJ) and Meridian Bank are both Banks Regional companies. BCB Bancorp, Inc. (NJ) is the larger, with a market value of $254.6M against $228.3M — 1.1× the size. BCB Bancorp, Inc. (NJ) has negative trailing earnings, so its P/E is not meaningful; Meridian Bank trades at 10.3×. Meridian Bank grew revenue faster over the last twelve months: 0.72% against −9.35%. Meridian Bank has the higher net margin (10.6% vs −11.1%) and the higher return on invested capital (8.03% vs −1.95%). Both pay a dividend; BCB Bancorp, Inc. (NJ) yields more (6.22% vs 5.06%). Across the 19 metrics below, BCB Bancorp, Inc. (NJ) leads on 10 and Meridian Bank on 9.

Valuation

Metric BCBP MRBK Banks Regional median
P/E n/m 10.31 12.15
P/S 0.88 1.12 2.37
P/B 0.57 1.12 1.21
Price to free cash flow 4.42 12.25 10.80
EV/EBITDA n/m n/m —
EV/Sales 0.71 1.18 2.27
Earnings yield (12.57%) 9.70% 8.11%
Free cash flow yield 22.60% 8.17% 8.98%

Profitability

Metric BCBP MRBK Banks Regional median
Gross margin 58.13% 63.55% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin (11.05%) 10.57% 18.66%
Free cash flow margin 19.81% 9.11% 21.18%
Return on equity (6.85%) 11.31% 10.64%
Return on assets (0.59%) 0.85% 1.13%
Return on invested capital (1.95%) 8.03% 8.33%

Growth

Metric BCBP MRBK Banks Regional median
Revenue growth (TTM) (9.35%) 0.72% 6.61%
EPS growth (last fiscal year) (184.85%) 30.34% —
Revenue growth, 5-year CAGR 7.59% 6.56% 12.30%
Net income growth, 5-year CAGR 0.00% (3.75%) 9.71%

Health

Metric BCBP MRBK Banks Regional median
Debt to equity 0.58 0.24 0.22
Current ratio 1.07 0.98 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BCBP MRBK Banks Regional median
Dividend yield 6.22% 5.06% 3.75%
Payout ratio 0.27 0.28 0.27

Size

Metric BCBP MRBK Banks Regional median
Market cap 254.64m 228.32m 921.07m

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