BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) CEO Acquires $1,240,000.00 in Stock

Key Points

• CEO Thomas Obrien purchased 160,000 BCB Bancorp shares at $7.75 each, investing $1.24 million and increasing his direct stake by 22.56% to 869,220 shares.
• BCBP shares fell 0.7% to $8.64, while the company reported a quarterly loss of $0.85 per share—well below the $0.25 analyst estimate—and revenue of $22.88 million versus expectations of $25.55 million.
• Analyst sentiment is largely cautious: BCBP has an average “Reduce” rating and an $8.95 price target, with several firms recently lowering targets or downgrading the stock.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) CEO Thomas Obrien bought 160,000 shares of the company's stock in a transaction on Friday, September 18th. The shares were acquired at an average price of $7.75 per share, with a total value of $1,240,000.00. Following the transaction, the chief executive officer directly owned 869,220 shares in the company, valued at approximately $6,736,455. The trade was a 22.56% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

BCB Bancorp, Inc. (NJ) Trading Down 0.7%

Shares of BCBP stock traded down $0.06 on Tuesday, reaching $8.64. The company had a trading volume of 437,415 shares, compared to its average volume of 151,114. The stock has a market cap of $156.33 million, a PE ratio of -7.85 and a beta of 0.69. BCB Bancorp, Inc. has a 12 month low of $7.31 and a 12 month high of $11.71. The company has a 50-day moving average of $9.17 and a 200-day moving average of $9.58. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The bank reported ($0.85) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($1.10). BCB Bancorp, Inc. (NJ) had a negative return on equity of 6.29% and a negative net margin of 10.21%.The firm had revenue of $22.88 million for the quarter, compared to the consensus estimate of $25.55 million. On average, equities analysts forecast that BCB Bancorp, Inc. will post -0.48 earnings per share for the current year.

Wall Street Analyst Weigh In

BCBP has been the topic of several recent research reports. Wall Street Zen downgraded BCB Bancorp, Inc. (NJ) from a "sell" rating to a "strong sell" rating in a report on Saturday. Piper Sandler cut their price objective on shares of BCB Bancorp, Inc. (NJ) from $11.00 to $9.50 and set a "neutral" rating on the stock in a report on Monday. Keefe, Bruyette & Woods decreased their price target on BCB Bancorp, Inc. (NJ) from $11.00 to $8.35 and set a "market perform" rating for the company in a research report on Thursday, September 17th. Weiss Ratings lowered shares of BCB Bancorp, Inc. (NJ) from a "hold (c-)" rating to a "sell (d)" rating in a research report on Tuesday, August 11th. Finally, Brean Capital cut BCB Bancorp, Inc. (NJ) from a "buy" rating to a "neutral" rating and set a $9.00 price target on the stock. in a research report on Friday. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, BCB Bancorp, Inc. (NJ) currently has an average rating of "Reduce" and an average price target of $8.95.

Institutional Trading of BCB Bancorp, Inc. (NJ)

Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its position in shares of BCB Bancorp, Inc. (NJ) by 5.5% in the first quarter. Renaissance Technologies LLC now owns 345,194 shares of the bank's stock worth $3,100,000 after buying an additional 18,000 shares during the period. Quantinno Capital Management LP increased its holdings in shares of BCB Bancorp, Inc. (NJ) by 69.3% in the 1st quarter. Quantinno Capital Management LP now owns 141,904 shares of the bank's stock valued at $1,274,000 after purchasing an additional 58,110 shares during the period. Root Financial Partners LLC lifted its position in shares of BCB Bancorp, Inc. (NJ) by 14.7% in the fourth quarter. Root Financial Partners LLC now owns 82,000 shares of the bank's stock worth $662,000 after purchasing an additional 10,500 shares in the last quarter. Empowered Funds LLC lifted its position in shares of BCB Bancorp, Inc. (NJ) by 67.6% in the first quarter. Empowered Funds LLC now owns 79,006 shares of the bank's stock worth $709,000 after purchasing an additional 31,880 shares in the last quarter. Finally, Strs Ohio boosted its holdings in shares of BCB Bancorp, Inc. (NJ) by 3.3% during the first quarter. Strs Ohio now owns 66,500 shares of the bank's stock worth $597,000 after purchasing an additional 2,100 shares during the period. Institutional investors and hedge funds own 36.00% of the company's stock.

BCB Bancorp, Inc. (NJ) Company Profile

BCB Bancorp, Inc is the holding company for BCB Community Bank, a community-focused banking institution headquartered in Bayonne, New Jersey. Through its banking subsidiary, the company provides deposit, lending and other financial services to individuals, families and businesses.

BCB Community Bank offers checking, savings, money market and certificate of deposit accounts, along with residential and commercial real estate loans, construction financing, commercial and industrial loans, consumer loans and home equity products.

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