BCB Bancorp (NASDAQ:BCBP) Price Target Raised to $13.00

BCB Bancorp (NASDAQ:BCBP) 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

In other BCB Bancorp news, Director Tara L. French bought 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were bought at an average cost of $10.70 per share, with a total value of $26,750.00. Following the completion of the purchase, the director now directly owns 2,500 shares of the company’s stock, valued at $26,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Tara L. French purchased 2,500 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were purchased at an average cost of $10.70 per share, with a total value of $26,750.00. Following the transaction, the director now directly owns 2,500 shares in the company, valued at approximately $26,750. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mark D. Hogan acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was purchased at an average price of $9.90 per share, with a total value of $49,500.00. Following the completion of the acquisition, the director now owns 88,352 shares in the company, valued at $874,684.80. The disclosure for this purchase can be found here. Insiders have bought 16,422 shares of company stock worth $163,776 over the last 90 days. Corporate insiders own 15.86% of the company’s stock.

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.