BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Posts Earnings Results, Hits Expectations

Key Points

• BCB Bancorp, Inc. reported quarterly earnings of $0.18 per share, which met analysts' expectations.
• The company's stock opened at $8.66 and has a market capitalization of $148.52 million, with a reported PE ratio of 57.90.
• Insider trading activity includes Director Mark D. Hogan acquiring 10,000 shares of stock, increasing their position by 1.64% to a total of 621,140 shares.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) posted its quarterly earnings data on Monday. The bank reported $0.18 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.18, Zacks reports. BCB Bancorp, Inc. (NJ) had a net margin of 2.31% and a return on equity of 1.50%.

BCB Bancorp, Inc. (NJ) Stock Performance

NASDAQ:BCBP opened at $8.66 on Monday. The company has a market capitalization of $148.52 million, a PE ratio of 57.90 and a beta of 0.71. The company has a 50 day simple moving average of $8.37 and a two-hundred day simple moving average of $9.36. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.19 and a current ratio of 1.19. BCB Bancorp, Inc. has a fifty-two week low of $7.54 and a fifty-two week high of $14.04.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods decreased their price target on shares of BCB Bancorp, Inc. (NJ) from $12.50 to $10.50 and set a "market perform" rating on the stock in a research note on Thursday, April 24th.

Insiders Place Their Bets

In related news, Director Mark D. Hogan acquired 10,000 shares of BCB Bancorp, Inc. (NJ) stock in a transaction dated Friday, June 13th. The stock was bought at an average price of $7.74 per share, with a total value of $77,400.00. Following the transaction, the director directly owned 621,140 shares in the company, valued at $4,807,623.60. This represents a 1.64% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have purchased 23,880 shares of company stock worth $188,201. Corporate insiders own 13.87% of the company's stock.

Institutional Trading of BCB Bancorp, Inc. (NJ)

A hedge fund recently bought a new stake in BCB Bancorp, Inc. (NJ) stock. Jane Street Group LLC acquired a new stake in shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 14,789 shares of the bank's stock, valued at approximately $146,000. Jane Street Group LLC owned approximately 0.09% of BCB Bancorp, Inc. (NJ) at the end of the most recent quarter. Hedge funds and other institutional investors own 36.00% of the company's stock.

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.

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