James G. Rizzo Purchases 2,000 Shares of BCB Bancorp, Inc. (NASDAQ:BCBP) Stock

BCB Bancorp, Inc. (NASDAQ:BCBP - Get Free Report) Director James G. Rizzo bought 2,000 shares of the firm's stock in a transaction on Friday, June 13th. The shares were bought at an average cost of $7.70 per share, with a total value of $15,400.00. Following the transaction, the director now directly owns 62,708 shares of the company's stock, valued at approximately $482,851.60. This trade represents a 3.29% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

BCB Bancorp Stock Down 1.4%

BCBP stock opened at $7.70 on Monday. The company has a 50-day moving average of $8.48 and a two-hundred day moving average of $10.11. BCB Bancorp, Inc. has a 52-week low of $7.54 and a 52-week high of $14.04. The stock has a market capitalization of $132.16 million, a price-to-earnings ratio of 7.86 and a beta of 0.70. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.23 and a quick ratio of 1.23.

BCB Bancorp (NASDAQ:BCBP - Get Free Report) last released its earnings results on Tuesday, April 22nd. The bank reported ($0.51) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.74). The company had revenue of $23.80 million for the quarter, compared to analyst estimates of $24.28 million. BCB Bancorp had a net margin of 9.46% and a return on equity of 6.33%. As a group, equities research analysts anticipate that BCB Bancorp, Inc. will post 1.24 EPS for the current year.

BCB Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 8.31%. The ex-dividend date was Wednesday, May 7th. BCB Bancorp's payout ratio is presently 426.67%.

Institutional Trading of BCB Bancorp

Institutional investors and hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new position in BCB Bancorp in the fourth quarter worth $42,000. Wells Fargo & Company MN raised its stake in shares of BCB Bancorp by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 8,763 shares of the bank's stock valued at $104,000 after buying an additional 1,907 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of BCB Bancorp during the 1st quarter worth about $122,000. Hsbc Holdings PLC bought a new position in shares of BCB Bancorp during the 1st quarter worth about $125,000. Finally, First Trust Advisors LP acquired a new stake in shares of BCB Bancorp during the 4th quarter valued at about $127,000. 36.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reduced their price objective on shares of BCB Bancorp from $12.50 to $10.50 and set a "market perform" rating for the company in a research note on Thursday, April 24th.

BCB Bancorp 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.