BCB Bancorp (NASDAQ:BCBP – Free Report) had its target price increased by Keefe, Bruyette & Woods from $12.00 to $13.00 in a research note published on Tuesday morning, Benzinga reports. The brokerage currently has a market perform rating on the bank’s stock.
BCB Bancorp Stock Performance
Shares of BCBP opened at $12.68 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $215.05 million, a price-to-earnings ratio of 8.13 and a beta of 0.58. The stock has a 50 day moving average of $10.57 and a 200 day moving average of $10.73. BCB Bancorp has a 12 month low of $9.19 and a 12 month high of $13.90.
BCB Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 2nd will be given a $0.16 dividend. The ex-dividend date is Friday, August 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.05%. BCB Bancorp’s dividend payout ratio (DPR) is presently 41.03%.
Insider Buying and Selling at BCB Bancorp
Institutional Investors Weigh In On BCB Bancorp
A number of hedge funds have recently added to or reduced their stakes in BCBP. Vanguard Group Inc. grew its position in shares of BCB Bancorp by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 775,070 shares of the bank’s stock valued at $8,099,000 after acquiring an additional 25,064 shares during the period. LSV Asset Management boosted its holdings in BCB Bancorp by 21.0% in the 4th quarter. LSV Asset Management now owns 177,191 shares of the bank’s stock worth $2,277,000 after buying an additional 30,800 shares during the period. Empowered Funds LLC boosted its holdings in BCB Bancorp by 8.1% in the 1st quarter. Empowered Funds LLC now owns 64,643 shares of the bank’s stock worth $676,000 after buying an additional 4,867 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in BCB Bancorp by 51.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 53,760 shares of the bank’s stock worth $562,000 after buying an additional 18,327 shares during the period. Finally, Strs Ohio boosted its holdings in BCB Bancorp by 13.0% in the 4th quarter. Strs Ohio now owns 43,600 shares of the bank’s stock worth $560,000 after buying an additional 5,000 shares during the period. 36.00% of the stock is currently owned by hedge funds and other institutional investors.
BCB Bancorp Company Profile
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.
Further Reading
- Five stocks we like better than BCB Bancorp
- Are Penny Stocks a Good Fit for Your Portfolio?
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
- How to invest in marijuana stocks in 7 steps
- Skechers Stock Shows Strength Among Consumer Discretionary Sector
- Where Do I Find 52-Week Highs and Lows?
- Tech Stocks Tumble, These Stocks Present Buying Opportunity
Receive News & Ratings for BCB Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCB Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.