BCB Bancorp (NASDAQ:BCBP) PT Raised to $14.00 at Piper Sandler

BCB Bancorp (NASDAQ:BCBP) had its price target upped by Piper Sandler from $11.50 to $14.00 in a report released on Monday, Benzinga reports. The brokerage currently has a neutral rating on the bank’s stock.

Separately, Keefe, Bruyette & Woods increased their price target on shares of BCB Bancorp from $12.00 to $13.00 and gave the company a market perform rating in a research report on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $13.50.

BCB Bancorp Stock Up 0.2 %

NASDAQ:BCBP opened at $12.68 on Monday. The firm has a market cap of $215.05 million, a PE ratio of 8.13 and a beta of 0.58. The company has a 50-day moving average of $10.70 and a 200 day moving average of $10.72. BCB Bancorp has a 1-year low of $9.19 and a 1-year high of $13.90. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.20 and a quick ratio of 1.20.

BCB Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 2nd will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 5.05%. The ex-dividend date is Friday, August 2nd. BCB Bancorp’s payout ratio is 41.03%.

Insider Buying and Selling at BCB Bancorp

In related news, Director Tara L. French acquired 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was 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 of the company’s stock, valued at approximately $26,750. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Mark D. Hogan acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was purchased at an average cost of $9.90 per share, with a total value of $49,500.00. Following the transaction, the director now directly owns 83,352 shares of the company’s stock, valued at approximately $825,184.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tara L. French acquired 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was bought at an average cost of $10.70 per share, with a total value of $26,750.00. Following the completion of the transaction, the director now directly owns 2,500 shares in the company, valued at $26,750. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 17,422 shares of company stock valued at $176,676. 15.86% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BCB Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the stock. New York State Common Retirement Fund raised its position in shares of BCB Bancorp by 91.1% in the 4th quarter. New York State Common Retirement Fund now owns 2,727 shares of the bank’s stock valued at $35,000 after purchasing an additional 1,300 shares during the last quarter. CWM LLC increased its holdings in BCB Bancorp by 1,232.6% in the 2nd quarter. CWM LLC now owns 2,492 shares of the bank’s stock worth $26,000 after buying an additional 2,305 shares during the period. BNP Paribas Financial Markets increased its holdings in BCB Bancorp by 92.5% in 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 period. Quadrature Capital Ltd increased its holdings in BCB Bancorp by 25.1% in the 1st quarter. Quadrature Capital Ltd now owns 17,348 shares of the bank’s stock worth $181,000 after buying an additional 3,483 shares during the period. Finally, Empowered Funds LLC increased 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. 36.00% of the stock is owned by hedge funds and other institutional investors.

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.