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

BCB Bancorp, Inc. (NASDAQ:BCBP - Get Free Report) Director Mark D. Hogan acquired 10,000 shares of the company's stock in a transaction dated Friday, June 13th. The shares were acquired at an average cost of $7.74 per share, with a total value of $77,400.00. Following the completion of the purchase, the director now owns 621,140 shares in the company, valued at approximately $4,807,623.60. This represents a 1.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

BCB Bancorp Trading Up 1.9%

Shares of BCBP traded up $0.15 on Monday, hitting $7.85. 18,514 shares of the stock traded hands, compared to its average volume of 54,260. The firm has a market capitalization of $134.64 million, a P/E ratio of 8.01 and a beta of 0.70. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.79. BCB Bancorp, Inc. has a 1 year low of $7.54 and a 1 year high of $14.04. The stock's 50 day moving average is $8.48 and its two-hundred day moving average is $10.11.

BCB Bancorp (NASDAQ:BCBP - Get Free Report) last released its earnings results on Tuesday, April 22nd. The bank reported ($0.51) earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts predict that BCB Bancorp, Inc. will post 1.24 earnings per share for the current year.

BCB Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 8.16%. The ex-dividend date of this dividend was Wednesday, May 7th. BCB Bancorp's dividend payout ratio (DPR) is presently 426.67%.

Institutional Investors Weigh In On BCB Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in BCBP. Voya Investment Management LLC boosted its position in BCB Bancorp by 35.8% during the 4th quarter. Voya Investment Management LLC now owns 321,096 shares of the bank's stock worth $3,802,000 after purchasing an additional 84,617 shares during the period. Strs Ohio acquired a new stake in BCB Bancorp in the first quarter valued at approximately $477,000. Nuveen LLC acquired a new position in shares of BCB Bancorp during the first quarter worth $465,000. JPMorgan Chase & Co. boosted its stake in shares of BCB Bancorp by 66.2% in the fourth 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 period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings 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 in the last quarter. 36.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.

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