Ibex Wealth Advisors Makes New Investment in BCB Bancorp, Inc. (NJ) $BCBP

Ibex Wealth Advisors bought a new stake in shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 15,000 shares of the bank’s stock, valued at approximately $126,000. Ibex Wealth Advisors owned about 0.09% of BCB Bancorp, Inc. (NJ) as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in BCB Bancorp, Inc. (NJ) by 3.5% during the first quarter. Bank of New York Mellon Corp now owns 85,052 shares of the bank’s stock valued at $839,000 after buying an additional 2,904 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of BCB Bancorp, Inc. (NJ) in the first quarter worth $122,000. Strs Ohio bought a new position in shares of BCB Bancorp, Inc. (NJ) during the first quarter valued at $477,000. Nuveen LLC purchased a new position in shares of BCB Bancorp, Inc. (NJ) in the 1st quarter worth about $465,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in BCB Bancorp, Inc. (NJ) in the 1st quarter worth about $262,000. 36.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BCBP shares. Keefe, Bruyette & Woods reduced their price objective on shares of BCB Bancorp, Inc. (NJ) from $9.50 to $9.00 and set a “market perform” rating for the company in a research note on Tuesday, October 28th. Piper Sandler increased their price target on shares of BCB Bancorp, Inc. (NJ) from $9.00 to $9.50 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Zacks Research upgraded shares of BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BCB Bancorp, Inc. (NJ) in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered BCB Bancorp, Inc. (NJ) from a “hold” rating to a “sell” rating in a report on Saturday. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $9.25.

BCB Bancorp, Inc. (NJ) Stock Down 0.4%

BCBP opened at $7.73 on Tuesday. The stock has a market capitalization of $133.17 million, a price-to-earnings ratio of 154.60 and a beta of 0.82. The firm has a 50 day moving average price of $8.35 and a 200-day moving average price of $8.41. BCB Bancorp, Inc. has a twelve month low of $7.54 and a twelve month high of $14.04. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.30.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last posted its earnings results on Monday, October 27th. The bank reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The business had revenue of $26.46 million during the quarter, compared to the consensus estimate of $25.73 million. BCB Bancorp, Inc. (NJ) had a net margin of 1.50% and a return on equity of 0.95%. Equities research analysts forecast that BCB Bancorp, Inc. will post 1.24 earnings per share for the current year.

BCB Bancorp, Inc. (NJ) Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Monday, November 10th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date is Monday, November 10th. BCB Bancorp, Inc. (NJ)’s dividend payout ratio is 1,280.00%.

BCB Bancorp, Inc. (NJ) 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.