BCB Bancorp, Inc. (NASDAQ:BCBP) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in shares of BCB Bancorp, Inc. (NASDAQ:BCBP - Free Report) by 66.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 99,240 shares of the bank's stock after acquiring an additional 39,533 shares during the period. JPMorgan Chase & Co. owned approximately 0.58% of BCB Bancorp worth $1,175,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of BCBP. Jane Street Group LLC increased its stake in BCB Bancorp by 5.1% during the 3rd quarter. Jane Street Group LLC now owns 15,669 shares of the bank's stock valued at $193,000 after purchasing an additional 767 shares in the last quarter. Barclays PLC raised its stake in BCB Bancorp by 235.3% in the 3rd quarter. Barclays PLC now owns 22,375 shares of the bank's stock worth $277,000 after acquiring an additional 15,702 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in BCB Bancorp by 6.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 43,673 shares of the bank's stock worth $517,000 after acquiring an additional 2,631 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in BCB Bancorp by 131.0% during 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. Finally, Bank of New York Mellon Corp increased its holdings in shares of BCB Bancorp by 9.8% in the fourth 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 period. Institutional investors and hedge funds own 36.00% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on BCBP. Keefe, Bruyette & Woods cut their price objective on 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. Piper Sandler reduced their price objective on BCB Bancorp from $14.00 to $13.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th.

BCB Bancorp Trading Down 0.1 %

BCBP traded down $0.01 during trading hours on Thursday, reaching $8.22. The company's stock had a trading volume of 13,473 shares, compared to its average volume of 50,617. The business's 50-day moving average is $9.57 and its 200-day moving average is $11.16. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market cap of $140.99 million, a PE ratio of 8.35 and a beta of 0.57. BCB Bancorp, Inc. has a fifty-two week low of $8.06 and a fifty-two week high of $14.04.

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

BCB Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th will be issued a $0.16 dividend. The ex-dividend date is Wednesday, May 7th. This represents a $0.64 annualized dividend and a dividend yield of 7.79%. BCB Bancorp's dividend payout ratio is presently 426.67%.

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.