Insider Buying: BCB Bancorp, Inc. (NASDAQ:BCBP) Director Buys 1,500 Shares of Stock

BCB Bancorp, Inc. (NASDAQ:BCBP - Get Free Report) Director James G. Rizzo bought 1,500 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average price of $8.05 per share, with a total value of $12,075.00. Following the completion of the acquisition, the director now owns 60,708 shares of the company's stock, valued at $488,699.40. This trade represents a 2.53% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

BCB Bancorp Trading Down 0.5%

NASDAQ:BCBP traded down $0.04 on Friday, hitting $8.14. 47,667 shares of the stock were exchanged, compared to its average volume of 52,257. The stock has a market cap of $139.71 million, a PE ratio of 8.31 and a beta of 0.70. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.79. The stock has a fifty day moving average of $8.84 and a 200-day moving average of $10.51. BCB Bancorp, Inc. has a fifty-two week low of $7.92 and a fifty-two week high of $14.04.

BCB Bancorp (NASDAQ:BCBP - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The bank reported ($0.51) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.74). BCB Bancorp had a return on equity of 6.33% and a net margin of 9.46%. The firm had revenue of $23.80 million for the quarter, compared to analysts' expectations of $24.28 million. As a group, equities analysts expect that BCB Bancorp, Inc. will post 1.24 earnings per share for the current fiscal year.

BCB Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 7.86%. The ex-dividend date was Wednesday, May 7th. BCB Bancorp's payout ratio is currently 426.67%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lowered their price objective on shares of BCB Bancorp from $12.50 to $10.50 and set a "market perform" rating for the company in a research note on Thursday, April 24th.

Hedge Funds Weigh In On BCB Bancorp

Hedge funds have recently made changes to their positions in the business. Voya Investment Management LLC raised its position in BCB Bancorp by 35.8% in the fourth quarter. Voya Investment Management LLC now owns 321,096 shares of the bank's stock valued at $3,802,000 after purchasing an additional 84,617 shares during the period. Strs Ohio purchased a new stake in shares of BCB Bancorp in the first quarter worth about $477,000. Nuveen LLC acquired a new stake in shares of BCB Bancorp in the first quarter valued at about $465,000. JPMorgan Chase & Co. raised its holdings in shares of BCB Bancorp by 345.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 59,707 shares of the bank's stock valued at $737,000 after buying an additional 46,302 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of BCB Bancorp by 131.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,690 shares of the bank's stock valued at $790,000 after buying an additional 37,820 shares during the period. Hedge funds and other institutional investors own 36.00% of the company's stock.

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.