BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Issues Earnings Results

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) issued its earnings results on Monday. The bank reported $0.18 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.18, Zacks reports. BCB Bancorp, Inc. (NJ) had a return on equity of 1.75% and a net margin of 2.72%. The company had revenue of $25.18 million for the quarter, compared to analysts' expectations of $24.51 million.

BCB Bancorp, Inc. (NJ) Stock Down 0.8%

Shares of BCBP stock traded down $0.07 on Thursday, hitting $8.39. The stock had a trading volume of 43,306 shares, compared to its average volume of 68,011. The business has a 50 day moving average of $8.39 and a 200 day moving average of $9.33. The stock has a market cap of $143.91 million, a price-to-earnings ratio of 44.05 and a beta of 0.71. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.19 and a quick ratio of 1.19. BCB Bancorp, Inc. has a 12-month low of $7.54 and a 12-month high of $14.04.

BCB Bancorp, Inc. (NJ) Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Monday, August 11th will be issued a $0.16 dividend. The ex-dividend date is Monday, August 11th. This represents a $0.64 annualized dividend and a dividend yield of 7.6%. BCB Bancorp, Inc. (NJ)'s dividend payout ratio is currently 336.84%.

Analyst Ratings Changes

A number of brokerages recently issued reports on BCBP. Piper Sandler increased their target price on BCB Bancorp, Inc. (NJ) from $9.00 to $9.50 and gave the stock a "neutral" rating in a report on Wednesday. Keefe, Bruyette & Woods decreased their price target on BCB Bancorp, Inc. (NJ) from $10.50 to $9.50 and set a "market perform" rating for the company in a report on Tuesday.

Insider Buying and Selling

In other BCB Bancorp, Inc. (NJ) news, Director Mark D. Hogan purchased 10,000 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were acquired at an average cost of $7.74 per share, for a total transaction of $77,400.00. Following the completion of the acquisition, the director owned 621,140 shares of the company's stock, valued at $4,807,623.60. The trade was a 1.64% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired 23,880 shares of company stock worth $188,201 in the last 90 days. Company insiders own 15.86% of the company's stock.

Institutional Trading of BCB Bancorp, Inc. (NJ)

An institutional investor recently bought a new position 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) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,789 shares of the bank's stock, valued at approximately $146,000. Jane Street Group LLC owned 0.09% of BCB Bancorp, Inc. (NJ) at the end of the most recent quarter. 36.00% of the stock is owned by institutional investors and hedge funds.

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.