Nuveen LLC Purchases New Holdings in BCB Bancorp, Inc. (NJ) $BCBP

Key Points

• Nuveen LLC has acquired a new stake in BCB Bancorp, Inc. (NJ) worth approximately $465,000, purchasing 47,170 shares during the first quarter.
• The bank's quarterly earnings report met analysts' expectation with an EPS of $0.18 and revenue of $25.18 million, exceeding estimates.
• BCB Bancorp declared a quarterly dividend of $0.16 per share, representing a substantial dividend yield of 7.3%.

Nuveen LLC acquired a new position in shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 47,170 shares of the bank's stock, valued at approximately $465,000. Nuveen LLC owned 0.27% of BCB Bancorp, Inc. (NJ) as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new stake in shares of BCB Bancorp, Inc. (NJ) during the fourth quarter valued at about $42,000. Wells Fargo & Company MN boosted its stake in BCB Bancorp, Inc. (NJ) by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 8,763 shares of the bank's stock valued at $104,000 after acquiring an additional 1,907 shares during the last quarter. Private Advisor Group LLC acquired a new position in BCB Bancorp, Inc. (NJ) during the 1st quarter worth $122,000. First Trust Advisors LP bought a new stake in shares of BCB Bancorp, Inc. (NJ) in the 4th quarter worth about $127,000. Finally, Bank of America Corp DE increased its position in shares of BCB Bancorp, Inc. (NJ) by 12.4% in the 4th quarter. Bank of America Corp DE now owns 19,022 shares of the bank's stock worth $225,000 after purchasing an additional 2,092 shares during the last quarter. Institutional investors and hedge funds own 36.00% of the company's stock.

BCB Bancorp, Inc. (NJ) Price Performance

BCB Bancorp, Inc. (NJ) stock traded down $0.01 during midday trading on Wednesday, hitting $8.68. The company's stock had a trading volume of 42,628 shares, compared to its average volume of 52,460. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.30. The stock's 50-day moving average price is $8.74 and its 200-day moving average price is $8.85. BCB Bancorp, Inc. has a 12 month low of $7.54 and a 12 month high of $14.04. The company has a market capitalization of $149.21 million, a PE ratio of 45.68 and a beta of 0.78.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The bank reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. BCB Bancorp, Inc. (NJ) had a net margin of 2.72% and a return on equity of 1.76%. The company had revenue of $25.18 million during the quarter, compared to analyst estimates of $24.51 million. Analysts anticipate that BCB Bancorp, Inc. will post 1.24 earnings per share for the current fiscal year.

BCB Bancorp, Inc. (NJ) Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 11th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date was Monday, August 11th. BCB Bancorp, Inc. (NJ)'s payout ratio is presently 336.84%.

Insider Activity

In related news, Director Mark D. Hogan bought 10,000 shares of BCB Bancorp, Inc. (NJ) stock in a transaction dated Friday, June 13th. The stock was 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders acquired 12,380 shares of company stock worth $95,726 over the last quarter. 15.86% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on BCBP shares. Wall Street Zen upgraded BCB Bancorp, Inc. (NJ) from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Piper Sandler lifted their price target on BCB Bancorp, Inc. (NJ) from $9.00 to $9.50 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Keefe, Bruyette & Woods lowered their target price on BCB Bancorp, Inc. (NJ) from $10.50 to $9.50 and set a "market perform" rating on the stock in a research report on Tuesday, July 29th. Finally, Zacks Research raised BCB Bancorp, Inc. (NJ) from a "strong sell" rating to a "hold" rating in a research note on Monday. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $9.50.

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.