Mark D. Hogan Acquires 10,000 Shares of BCB Bancorp, Inc. (NASDAQ:BCBP) Stock

BCB Bancorp, Inc. (NASDAQ:BCBP - Get Free Report) Director Mark D. Hogan purchased 10,000 shares of BCB Bancorp stock in a transaction dated Friday, May 23rd. The shares were bought at an average cost of $8.04 per share, for a total transaction of $80,400.00. Following the transaction, the director now directly owns 98,352 shares of the company's stock, valued at approximately $790,750.08. The trade was a 11.32% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

BCB Bancorp Stock Performance

BCBP stock traded down $0.04 during midday trading on Friday, reaching $8.14. The company had a trading volume of 47,667 shares, compared to its average volume of 52,165. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.79. The stock has a 50 day moving average price of $8.84 and a 200 day moving average price of $10.53. BCB Bancorp, Inc. has a fifty-two week low of $7.92 and a fifty-two week high of $14.04. The firm has a market capitalization of $139.71 million, a PE ratio of 8.31 and a beta of 0.70.

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 the consensus estimate of $24.28 million. BCB Bancorp had a net margin of 9.46% and a return on equity of 6.33%. Analysts anticipate that BCB Bancorp, Inc. will post 1.24 earnings per share for the current year.

BCB Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $0.64 annualized dividend and a yield of 7.86%. BCB Bancorp's payout ratio is 426.67%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods decreased their target price 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.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BCBP. Voya Investment Management LLC increased its holdings in shares of BCB Bancorp by 35.8% in the fourth quarter. Voya Investment Management LLC now owns 321,096 shares of the bank's stock valued at $3,802,000 after buying an additional 84,617 shares in the last quarter. Strs Ohio bought a new position in shares of BCB Bancorp in the first quarter valued at $477,000. Nuveen LLC bought a new position in shares of BCB Bancorp in the first quarter valued at $465,000. JPMorgan Chase & Co. increased its holdings in shares of BCB Bancorp by 345.4% in the third quarter. JPMorgan Chase & Co. now owns 59,707 shares of the bank's stock valued at $737,000 after buying an additional 46,302 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of BCB Bancorp by 131.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,690 shares of the bank's stock valued at $790,000 after buying an additional 37,820 shares in the last quarter. Institutional investors own 36.00% of the company's stock.

About BCB Bancorp

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.