Gerald Werdann Purchases 4,400 Shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Stock

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Director Gerald Werdann purchased 4,400 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were acquired at an average price of $11.28 per share, for a total transaction of $49,632.00. Following the purchase, the director directly owned 12,122 shares of the company’s stock, valued at approximately $136,736.16. This represents a 56.98% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

BCB Bancorp, Inc. (NJ) Stock Down 0.8%

BCBP opened at $11.24 on Friday. BCB Bancorp, Inc. has a fifty-two week low of $7.31 and a fifty-two week high of $11.71. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 1.11. The firm’s fifty day moving average price is $9.85 and its two-hundred day moving average price is $8.73. The company has a market capitalization of $195.13 million, a P/E ratio of -160.55 and a beta of 0.71.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last posted its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. BCB Bancorp, Inc. (NJ) had a net margin of 0.39% and a return on equity of 0.24%. The firm had revenue of $24.94 million for the quarter, compared to the consensus estimate of $25.78 million. On average, analysts anticipate that BCB Bancorp, Inc. will post 1.1 EPS for the current year.

BCB Bancorp, Inc. (NJ) Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 6th were paid a dividend of $0.08 per share. The ex-dividend date was Wednesday, May 6th. This represents a $0.32 dividend on an annualized basis and a yield of 2.8%. BCB Bancorp, Inc. (NJ)’s payout ratio is currently -457.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BCBP shares. Weiss Ratings upgraded shares of BCB Bancorp, Inc. (NJ) from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Zacks Research downgraded shares of BCB Bancorp, Inc. (NJ) from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Wall Street Zen downgraded shares of BCB Bancorp, Inc. (NJ) from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Piper Sandler boosted their target price on shares of BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, April 22nd. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $10.00.

Institutional Investors Weigh In On BCB Bancorp, Inc. (NJ)

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in shares of BCB Bancorp, Inc. (NJ) by 80.1% in the 1st quarter. Bank of America Corp DE now owns 45,656 shares of the bank’s stock valued at $410,000 after purchasing an additional 20,300 shares in the last quarter. Empowered Funds LLC lifted its position in BCB Bancorp, Inc. (NJ) by 67.6% during the 1st quarter. Empowered Funds LLC now owns 79,006 shares of the bank’s stock worth $709,000 after buying an additional 31,880 shares in the last quarter. Quantinno Capital Management LP lifted its position in BCB Bancorp, Inc. (NJ) by 69.3% during the 1st quarter. Quantinno Capital Management LP now owns 141,904 shares of the bank’s stock worth $1,274,000 after buying an additional 58,110 shares in the last quarter. Cannell & Spears LLC acquired a new position in BCB Bancorp, Inc. (NJ) during the 1st quarter worth about $92,000. Finally, Renaissance Technologies LLC lifted its position in BCB Bancorp, Inc. (NJ) by 5.5% during the 1st quarter. Renaissance Technologies LLC now owns 345,194 shares of the bank’s stock worth $3,100,000 after buying an additional 18,000 shares in the last quarter. Institutional investors and hedge funds own 36.00% of the company’s stock.

BCB Bancorp, Inc. (NJ) Company Profile

BCB Bancorp, Inc is a bank holding company incorporated in New Jersey and traded on the NASDAQ under the symbol BCBP. Its primary subsidiary, Bergen Commercial Bank, operates as a full-service community bank focused on serving the financial needs of individuals and businesses in the New York metropolitan area. Headquartered in Clifton, New Jersey, the company has built its reputation on personalized banking relationships and local decision-making.

BCB Bancorp offers a comprehensive suite of deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit.