BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Given New $9.50 Price Target at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods has lowered the price target for BCB Bancorp, Inc. (NJ) from $10.50 to $9.50, indicating a potential upside of 13.16% from its current price.
• Shares of BCB Bancorp traded down to $8.40 on Tuesday, with a market cap of $144.06 million and a P/E ratio of 56.07.
• Insiders, including Director Mark D. Hogan, have increased their holdings in BCB Bancorp, with recent purchases indicating a confidence in the company's stock.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Free Report) had its price target reduced by Keefe, Bruyette & Woods from $10.50 to $9.50 in a research note published on Tuesday,Benzinga reports. They currently have a market perform rating on the bank's stock.

BCB Bancorp, Inc. (NJ) Stock Performance

BCBP traded down $0.26 on Tuesday, reaching $8.10. The stock had a trading volume of 90,434 shares, compared to its average volume of 68,298. BCB Bancorp, Inc. has a 12-month low of $7.54 and a 12-month high of $14.04. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.55. The business's 50-day moving average price is $8.39 and its two-hundred day moving average price is $9.31. The company has a market cap of $139.00 million, a P/E ratio of 42.63 and a beta of 0.71.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The bank reported $0.18 earnings per share for the quarter, meeting analysts' consensus estimates of $0.18. The company had revenue of $25.18 million during the quarter, compared to analysts' expectations of $24.51 million. BCB Bancorp, Inc. (NJ) had a net margin of 2.72% and a return on equity of 1.75%. Sell-side analysts forecast that BCB Bancorp, Inc. will post 1.24 earnings per share for the current year.

BCB Bancorp, Inc. (NJ) Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Monday, August 11th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend is Monday, August 11th. BCB Bancorp, Inc. (NJ)'s dividend payout ratio (DPR) is presently 336.84%.

Insider Transactions at BCB Bancorp, Inc. (NJ)

In related news, Director Mark D. Hogan acquired 10,000 shares of the firm's stock in a transaction on Friday, June 13th. The shares were acquired at an average cost of $7.74 per share, with a total value of $77,400.00. Following the completion of the acquisition, the director directly owned 621,140 shares in the company, valued at approximately $4,807,623.60. This trade represents a 1.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have acquired 23,880 shares of company stock worth $188,201 over the last quarter. Company insiders own 15.86% of the company's stock.

Hedge Funds Weigh In On BCB Bancorp, Inc. (NJ)

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio purchased a new stake in shares of BCB Bancorp, Inc. (NJ) during the fourth quarter worth $42,000. Wells Fargo & Company MN grew its holdings in shares of BCB Bancorp, Inc. (NJ) by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 8,763 shares of the bank's stock worth $104,000 after buying an additional 1,907 shares in the last quarter. Private Advisor Group LLC purchased a new stake in shares of BCB Bancorp, Inc. (NJ) during the first quarter worth $122,000. Hsbc Holdings PLC purchased a new stake in shares of BCB Bancorp, Inc. (NJ) during the first quarter worth $125,000. Finally, First Trust Advisors LP purchased a new stake in shares of BCB Bancorp, Inc. (NJ) during the fourth quarter worth $127,000. 36.00% of the stock is owned by hedge funds and other institutional investors.

About BCB Bancorp, Inc. (NJ)

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.