Insider Buying: BCB Bancorp, Inc. (NASDAQ:BCBP) Insider Acquires 2,000 Shares of Stock

BCB Bancorp, Inc. (NASDAQ:BCBP – Get Rating) insider David Roque Garcia acquired 2,000 shares of the business’s stock in a transaction on Wednesday, March 15th. The shares were purchased at an average price of $13.88 per share, with a total value of $27,760.00. Following the completion of the purchase, the insider now owns 3,000 shares in the company, valued at approximately $41,640. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BCB Bancorp Price Performance

BCBP stock opened at $13.78 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.17 and a quick ratio of 1.17. The business has a 50 day simple moving average of $17.16 and a 200-day simple moving average of $18.00. The firm has a market capitalization of $233.43 million, a PE ratio of 5.32 and a beta of 0.64. BCB Bancorp, Inc. has a 1 year low of $13.06 and a 1 year high of $20.71.

BCB Bancorp (NASDAQ:BCBP – Get Rating) last posted its quarterly earnings results on Thursday, January 26th. The bank reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). The company had revenue of $31.24 million during the quarter, compared to analysts’ expectations of $35.70 million. BCB Bancorp had a net margin of 34.26% and a return on equity of 17.58%. Equities research analysts anticipate that BCB Bancorp, Inc. will post 2.6 earnings per share for the current fiscal year.

BCB Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 17th. Stockholders of record on Friday, February 3rd were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, February 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.64%. BCB Bancorp’s dividend payout ratio (DPR) is presently 24.71%.

Institutional Investors Weigh In On BCB Bancorp

A number of large investors have recently made changes to their positions in BCBP. JPMorgan Chase & Co. lifted its holdings in BCB Bancorp by 173.0% in the first quarter. JPMorgan Chase & Co. now owns 15,045 shares of the bank’s stock valued at $275,000 after acquiring an additional 9,535 shares during the last quarter. American Century Companies Inc. lifted its holdings in BCB Bancorp by 29.7% in the first quarter. American Century Companies Inc. now owns 66,826 shares of the bank’s stock valued at $1,220,000 after acquiring an additional 15,301 shares during the last quarter. Citigroup Inc. acquired a new position in BCB Bancorp in the first quarter valued at approximately $235,000. Dimensional Fund Advisors LP lifted its holdings in BCB Bancorp by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 839,823 shares of the bank’s stock valued at $15,327,000 after acquiring an additional 27,577 shares during the last quarter. Finally, UBS Group AG lifted its holdings in BCB Bancorp by 199.9% in the first quarter. UBS Group AG now owns 2,981 shares of the bank’s stock valued at $54,000 after acquiring an additional 1,987 shares during the last quarter. 39.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on BCB Bancorp in a research note on Thursday. They set a “hold” rating for the company.

About BCB Bancorp

(Get Rating)

BCB Bancorp, Inc is a holding company, which engages in the provision of financial solutions. It offers loans, deposit products, and retail and commercial banking services. The company was founded on May 1, 2003 and is headquartered in Bayonne, NJ.