BCB Bancorp, Inc. (NASDAQ:BCBP) Director Acquires $13,921.38 in Stock

BCB Bancorp, Inc. (NASDAQ:BCBP) Director Mark D. Hogan purchased 1,422 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were acquired at an average price of $9.79 per share, with a total value of $13,921.38. Following the transaction, the director now owns 78,352 shares in the company, valued at approximately $767,066.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

BCB Bancorp Stock Down 1.5 %

Shares of NASDAQ BCBP opened at $10.39 on Wednesday. The stock has a market capitalization of $176.11 million, a P/E ratio of 6.66 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 firm’s 50 day simple moving average is $10.04 and its two-hundred day simple moving average is $11.18. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.20 and a quick ratio of 1.20.

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

BCB Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.16 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.16%. BCB Bancorp’s dividend payout ratio (DPR) is currently 41.03%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Empowered Funds LLC grew its position in BCB Bancorp by 8.1% during the 1st quarter. Empowered Funds LLC now owns 64,643 shares of the bank’s stock worth $676,000 after acquiring an additional 4,867 shares during the last quarter. BNP Paribas Financial Markets lifted its position in BCB Bancorp by 92.5% in the first quarter. BNP Paribas Financial Markets now owns 7,201 shares of the bank’s stock valued at $75,000 after purchasing an additional 3,460 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of BCB Bancorp during the fourth quarter valued at approximately $178,000. RMR Wealth Builders bought a new position in shares of BCB Bancorp in the fourth quarter worth approximately $164,000. Finally, LSV Asset Management raised its holdings in BCB Bancorp by 21.0% during the 4th quarter. LSV Asset Management now owns 177,191 shares of the bank’s stock valued at $2,277,000 after buying an additional 30,800 shares during the last quarter. Hedge funds and other institutional investors own 36.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.