BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) Director James G. Rizzo purchased 2,000 shares of the stock in a transaction dated Friday, June 13th. The stock was acquired at an average price of $7.70 per share, for a total transaction of $15,400.00. Following the completion of the transaction, the director now directly owns 62,708 shares of the company's stock, valued at approximately $482,851.60. The trade was a 3.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
BCB Bancorp, Inc. (NJ) Trading Up 1.2%
BCBP stock traded up $0.09 during midday trading on Thursday, hitting $7.80. The stock had a trading volume of 59,250 shares, compared to its average volume of 54,750. The firm has a market cap of $133.85 million, a PE ratio of 52.00 and a beta of 0.70. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.19 and a quick ratio of 1.19. BCB Bancorp, Inc. has a 12-month low of $7.54 and a 12-month high of $14.04. The company's 50-day moving average price is $8.37 and its 200 day moving average price is $10.04.
BCB Bancorp, Inc. (NJ) (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 firm had revenue of $23.80 million during the quarter, compared to analysts' expectations of $24.28 million. BCB Bancorp, Inc. (NJ) had a return on equity of 1.50% and a net margin of 2.31%. On average, equities research analysts predict that BCB Bancorp, Inc. will post 1.24 earnings per share for the current fiscal year.
BCB Bancorp, Inc. (NJ) Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were issued a $0.16 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.21%. BCB Bancorp, Inc. (NJ)'s dividend payout ratio (DPR) is presently 426.67%.
Analyst Ratings Changes
Separately, Keefe, Bruyette & Woods lowered their target price on shares of BCB Bancorp, Inc. (NJ) from $12.50 to $10.50 and set a "market perform" rating for the company in a research note on Thursday, April 24th.
Read Our Latest Research Report on BCB Bancorp, Inc. (NJ)
Hedge Funds Weigh In On BCB Bancorp, Inc. (NJ)
A number of hedge funds have recently made changes to their positions in BCBP. Bank of New York Mellon Corp boosted its holdings in shares of BCB Bancorp, Inc. (NJ) by 9.8% in the 4th quarter. Bank of New York Mellon Corp now owns 82,148 shares of the bank's stock valued at $973,000 after purchasing an additional 7,348 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of BCB Bancorp, Inc. (NJ) by 6.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 43,673 shares of the bank's stock valued at $517,000 after purchasing an additional 2,631 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of BCB Bancorp, Inc. (NJ) by 131.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,690 shares of the bank's stock valued at $790,000 after purchasing an additional 37,820 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of BCB Bancorp, Inc. (NJ) by 66.2% in the 4th quarter. JPMorgan Chase & Co. now owns 99,240 shares of the bank's stock valued at $1,175,000 after purchasing an additional 39,533 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of BCB Bancorp, Inc. (NJ) by 64.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 23,792 shares of the bank's stock valued at $282,000 after purchasing an additional 9,332 shares during the last quarter. Institutional investors and hedge funds own 36.00% of the company's stock.
About BCB Bancorp, Inc. (NJ)
(
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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.
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