Insider Buying: BCB Bancorp, Inc. (BCBP) CFO Buys 1,000 Shares of Stock

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BCB Bancorp, Inc. (NASDAQ:BCBP) CFO Thomas Keating bought 1,000 shares of the stock in a transaction on Friday, June 15th. The stock was purchased at an average cost of $14.50 per share, with a total value of $14,500.00. Following the completion of the purchase, the chief financial officer now directly owns 2,000 shares in the company, valued at approximately $29,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BCBP stock traded down $0.05 during midday trading on Thursday, hitting $14.90. The stock had a trading volume of 700 shares, compared to its average volume of 25,065. The stock has a market capitalization of $223.57 million, a P/E ratio of 16.30, a PEG ratio of 1.34 and a beta of 0.42. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.13 and a current ratio of 1.13. BCB Bancorp, Inc. has a 12-month low of $12.05 and a 12-month high of $16.10.

BCB Bancorp (NASDAQ:BCBP) last released its earnings results on Monday, April 23rd. The bank reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.03. BCB Bancorp had a net margin of 13.86% and a return on equity of 9.48%. The firm had revenue of $19.83 million during the quarter, compared to analysts’ expectations of $19.88 million. research analysts forecast that BCB Bancorp, Inc. will post 1.11 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of BCB Bancorp by 17.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 364,384 shares of the bank’s stock valued at $5,703,000 after buying an additional 53,682 shares during the period. BlackRock Inc. grew its stake in shares of BCB Bancorp by 0.8% during the 1st quarter. BlackRock Inc. now owns 592,873 shares of the bank’s stock valued at $9,278,000 after buying an additional 4,735 shares during the period. Northern Trust Corp grew its stake in shares of BCB Bancorp by 2.8% during the 1st quarter. Northern Trust Corp now owns 142,371 shares of the bank’s stock valued at $2,228,000 after buying an additional 3,937 shares during the period. PL Capital Advisors LLC grew its stake in shares of BCB Bancorp by 35.6% during the 1st quarter. PL Capital Advisors LLC now owns 152,216 shares of the bank’s stock valued at $2,382,000 after buying an additional 40,000 shares during the period. Finally, American Century Companies Inc. purchased a new stake in shares of BCB Bancorp during the 1st quarter valued at $359,000. 32.88% of the stock is owned by institutional investors.

Several analysts have commented on BCBP shares. Keefe, Bruyette & Woods cut shares of BCB Bancorp from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 27th. Zacks Investment Research raised shares of BCB Bancorp from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Wednesday, February 21st.

BCB Bancorp Company Profile

BCB Bancorp, Inc operates as the holding company for BCB Community Bank, a state chartered commercial bank that provides banking products and services to businesses and individuals in the United States. The company offers deposit products, including savings and club accounts, demand and NOW accounts, interest and non-interest bearing demand accounts, money market accounts, certificates of deposit, individual retirement accounts, and term certificate accounts.

Insider Buying and Selling by Quarter for BCB Bancorp (NASDAQ:BCBP)

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