Nuveen LLC Takes $465,000 Position 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 purchased a new position 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 & Exchange Commission. The institutional investor purchased 47,170 shares of the bank's stock, valued at approximately $465,000. Nuveen LLC owned approximately 0.27% of BCB Bancorp, Inc. (NJ) as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in BCBP. Wells Fargo & Company MN raised its holdings in 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 purchasing an additional 1,907 shares in the last quarter. Barclays PLC lifted its stake in shares of BCB Bancorp, Inc. (NJ) by 35.5% in the fourth quarter. Barclays PLC now owns 30,324 shares of the bank's stock valued at $359,000 after purchasing an additional 7,949 shares during the period. First Trust Advisors LP purchased a new stake in BCB Bancorp, Inc. (NJ) during the fourth quarter worth about $127,000. Dimensional Fund Advisors LP boosted its holdings in BCB Bancorp, Inc. (NJ) by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 974,952 shares of the bank's stock worth $11,543,000 after buying an additional 21,826 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in BCB Bancorp, Inc. (NJ) by 3.0% during the fourth quarter. Northern Trust Corp now owns 126,834 shares of the bank's stock worth $1,502,000 after buying an additional 3,637 shares in the last quarter. 36.00% of the stock is owned by hedge funds and other institutional investors.

BCB Bancorp, Inc. (NJ) Price Performance

BCBP traded down $0.05 during midday trading on Friday, reaching $8.74. 56,166 shares of the company's stock were exchanged, compared to its average volume of 55,170. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $150.24 million, a PE ratio of 46.00 and a beta of 0.78. The business's 50-day moving average price is $8.74 and its 200 day moving average price is $8.87. BCB Bancorp, Inc. has a 1-year low of $7.54 and a 1-year high of $14.04.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last announced its earnings results on Monday, July 28th. The bank reported $0.18 earnings per share (EPS) for the quarter, hitting 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 1.76%. As a group, equities analysts anticipate that BCB Bancorp, Inc. will post 1.24 EPS for the current fiscal year.

BCB Bancorp, Inc. (NJ) Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 11th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend was Monday, August 11th. BCB Bancorp, Inc. (NJ)'s payout ratio is currently 336.84%.

Analysts Set New Price Targets

BCBP has been the topic of a number of research analyst reports. Wall Street Zen raised shares of BCB Bancorp, Inc. (NJ) from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Piper Sandler boosted their price objective on shares of BCB Bancorp, Inc. (NJ) from $9.00 to $9.50 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of BCB Bancorp, Inc. (NJ) from $10.50 to $9.50 and set a "market perform" rating on the stock in a report on Tuesday, July 29th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, BCB Bancorp, Inc. (NJ) currently has a consensus rating of "Hold" and an average price target of $9.50.

Insider Buying and Selling at BCB Bancorp, Inc. (NJ)

In other news, Director Mark D. Hogan acquired 10,000 shares of the business's stock in a transaction dated Friday, June 13th. The stock was acquired at an average price of $7.74 per share, with a total value of $77,400.00. Following the completion of the transaction, the director directly owned 621,140 shares in the company, valued at approximately $4,807,623.60. This represents a 1.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have purchased a total of 12,380 shares of company stock valued at $95,726 over the last ninety days. Insiders own 15.86% 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.