Strs Ohio Makes New $477,000 Investment in BCB Bancorp, Inc. (NJ) $BCBP

Key Points

• Strs Ohio acquired 48,400 shares of BCB Bancorp, Inc. (NJ), valued at approximately $477,000, which represents about 0.28% ownership of the company as per their recent 13F filing.
• BCB Bancorp recently announced a quarterly dividend of $0.16 per share, resulting in an annualized dividend yield of 7.4%.
• Analysts have set a consensus price target of $9.50 for BCB Bancorp, with ratings shifting from "strong sell" to "hold" in several recent reports.

Strs Ohio purchased a new position in shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 48,400 shares of the bank's stock, valued at approximately $477,000. Strs Ohio owned approximately 0.28% of BCB Bancorp, Inc. (NJ) at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in shares of BCB Bancorp, Inc. (NJ) during the 4th quarter worth about $42,000. GAMMA Investing LLC raised its position in shares of BCB Bancorp, Inc. (NJ) by 1,513.7% during the 1st quarter. GAMMA Investing LLC now owns 4,486 shares of the bank's stock worth $455,000 after buying an additional 4,208 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of BCB Bancorp, Inc. (NJ) during the 1st quarter worth about $122,000. Hsbc Holdings PLC bought a new stake in shares of BCB Bancorp, Inc. (NJ) during the 1st quarter worth about $125,000. Finally, Jane Street Group LLC bought a new stake in shares of BCB Bancorp, Inc. (NJ) in the 1st quarter worth approximately $146,000. 36.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on BCBP. Keefe, Bruyette & Woods dropped their target price 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. Zacks Research upgraded shares of BCB Bancorp, Inc. (NJ) from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. Wall Street Zen upgraded shares of BCB Bancorp, Inc. (NJ) from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Piper Sandler boosted their target price 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. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $9.50.

BCB Bancorp, Inc. (NJ) Stock Up 2.4%

BCBP traded up $0.21 on Monday, reaching $8.88. 92,024 shares of the company traded hands, compared to its average volume of 54,718. The stock's 50 day moving average price is $8.67 and its 200-day moving average price is $8.77. BCB Bancorp, Inc. has a 52-week low of $7.54 and a 52-week high of $14.04. The company has a market cap of $152.65 million, a price-to-earnings ratio of 46.74 and a beta of 0.78. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.16 and a quick ratio of 1.16.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The bank reported $0.18 EPS for the quarter, meeting analysts' consensus estimates of $0.18. BCB Bancorp, Inc. (NJ) had a net margin of 2.72% and a return on equity of 1.76%. The firm had revenue of $25.18 million for the quarter, compared to the consensus estimate of $24.51 million. On average, sell-side analysts expect that BCB Bancorp, Inc. will post 1.24 EPS for the current fiscal year.

BCB Bancorp, Inc. (NJ) Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 11th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.64 dividend on an annualized basis and a yield of 7.2%. BCB Bancorp, Inc. (NJ)'s payout ratio is presently 336.84%.

BCB Bancorp, Inc. (NJ) 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.