Insider Buying: BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Director Purchases 10,000 Shares of Stock

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) Director Mark D. Hogan purchased 10,000 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was bought at an average cost of $7.74 per share, for a total transaction of $77,400.00. Following the purchase, the director now owns 621,140 shares in the company, valued at $4,807,623.60. This represents a 1.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

BCB Bancorp, Inc. (NJ) Price Performance

NASDAQ:BCBP traded up $0.09 on Thursday, reaching $7.80. The stock had a trading volume of 59,250 shares, compared to its average volume of 54,750. The company has a market capitalization of $133.85 million, a P/E ratio of 52.00 and a beta of 0.70. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.55. BCB Bancorp, Inc. has a 1-year low of $7.54 and a 1-year high of $14.04. The stock has a fifty day moving average price of $8.37 and a 200-day moving average price of $10.04.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The bank reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.74). The business had revenue of $23.80 million during the quarter, compared to the consensus estimate of $24.28 million. BCB Bancorp, Inc. (NJ) had a net margin of 2.31% and a return on equity of 1.50%. Research analysts forecast that BCB Bancorp, Inc. will post 1.24 EPS for the current year.

BCB Bancorp, Inc. (NJ) Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were issued a $0.16 dividend. The ex-dividend date of this dividend 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 is 426.67%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BCBP. Geode Capital Management LLC raised its stake in shares of BCB Bancorp, Inc. (NJ) by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 369,315 shares of the bank's stock worth $4,373,000 after acquiring an additional 1,912 shares during the last quarter. Bank of America Corp DE grew its stake in shares of BCB Bancorp, Inc. (NJ) by 12.4% during the fourth quarter. Bank of America Corp DE now owns 19,022 shares of the bank's stock valued at $225,000 after purchasing an additional 2,092 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of BCB Bancorp, Inc. (NJ) 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 in the last quarter. Bank of New York Mellon Corp raised its position in 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 worth $973,000 after purchasing an additional 7,348 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in BCB Bancorp, Inc. (NJ) by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 8,763 shares of the bank's stock worth $104,000 after purchasing an additional 1,907 shares during the last quarter. Institutional investors and hedge funds own 36.00% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods cut their price objective on BCB Bancorp, Inc. (NJ) from $12.50 to $10.50 and set a "market perform" rating for the company in a report on Thursday, April 24th.

BCB Bancorp, Inc. (NJ) 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.