BCB Bancorp, Inc. (NASDAQ:BCBP) Director Buys 1,422 Shares

BCB Bancorp, Inc. (NASDAQ:BCBP) Director Mark D. Hogan acquired 1,422 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were bought at an average price of $9.79 per share, for a total transaction of $13,921.38. Following the completion of the purchase, the director now owns 78,352 shares in the company, valued at approximately $767,066.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

BCB Bancorp Trading Up 4.2 %

BCBP stock traded up $0.41 during mid-day trading on Monday, reaching $10.23. 31,837 shares of the stock traded hands, compared to its average volume of 49,792. The stock has a market capitalization of $173.40 million, a PE ratio of 6.29 and a beta of 0.61. BCB Bancorp, Inc. has a one year low of $9.19 and a one year high of $13.90. The business has a 50-day moving average price of $10.04 and a two-hundred day moving average price of $11.18. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.20 and a current ratio of 1.20.

BCB Bancorp (NASDAQ:BCBP) last announced its quarterly earnings data on Thursday, April 25th. The bank reported $0.32 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.04). BCB Bancorp had a net margin of 13.41% and a return on equity of 9.78%. The business had revenue of $51.39 million during the quarter, compared to the consensus estimate of $26.87 million. Equities research analysts expect that BCB Bancorp, Inc. will post 1.4 EPS for the current year.

BCB Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 6.26%. The ex-dividend date of this dividend is Thursday, May 2nd. BCB Bancorp’s dividend payout ratio is 41.03%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund grew its holdings in BCB Bancorp by 91.1% in the fourth quarter. New York State Common Retirement Fund now owns 2,727 shares of the bank’s stock worth $35,000 after purchasing an additional 1,300 shares during the last quarter. BNP Paribas Financial Markets grew its stake in BCB Bancorp by 92.5% during the 1st quarter. BNP Paribas Financial Markets now owns 7,201 shares of the bank’s stock worth $75,000 after buying an additional 3,460 shares during the last quarter. SG Americas Securities LLC acquired a new position in BCB Bancorp during the 4th quarter valued at about $106,000. RMR Wealth Builders acquired a new position in shares of BCB Bancorp during the fourth quarter valued at about $164,000. Finally, Quadrature Capital Ltd acquired a new position in BCB Bancorp during the 4th quarter valued at approximately $178,000. Hedge funds and other institutional investors own 36.00% of the company’s stock.

Analyst Upgrades and Downgrades

BCBP has been the subject of several recent analyst reports. Piper Sandler boosted their price objective on BCB Bancorp from $13.00 to $13.50 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. TheStreet cut shares of BCB Bancorp from a “b-” rating to a “c+” rating in a report on Tuesday, February 20th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of BCB Bancorp from $14.00 to $12.00 and set a “market perform” rating for the company in a research report on Tuesday, April 23rd. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $12.75.

About BCB Bancorp

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