Insider Buying: BCB Bancorp, Inc. (NASDAQ:BCBP) Director Acquires $13,921.38 in Stock

BCB Bancorp, Inc. (NASDAQ:BCBP - Get Free Report) Director Mark D. Hogan acquired 1,422 shares of the business's stock in a transaction that occurred on Friday, May 3rd. The shares were bought at an average price of $9.79 per share, with a total value of $13,921.38. Following the completion of the purchase, the director now owns 78,352 shares in the company, valued at approximately $767,066.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

BCB Bancorp Trading Up 7.4 %

Shares of BCBP stock traded up $0.73 during trading hours on Monday, reaching $10.55. 162,129 shares of the stock were exchanged, compared to its average volume of 51,290. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.77. BCB Bancorp, Inc. has a 12-month low of $9.19 and a 12-month high of $13.90. The firm has a market capitalization of $178.82 million, a price-to-earnings ratio of 6.72 and a beta of 0.61. The company's 50-day moving average price is $10.04 and its 200-day moving average price is $11.18.

BCB Bancorp (NASDAQ:BCBP - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The bank reported $0.32 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.04). BCB Bancorp had a net margin of 13.41% and a return on equity of 9.78%. The business had revenue of $51.39 million during the quarter, compared to the consensus estimate of $26.87 million. As a group, equities analysts anticipate that BCB Bancorp, Inc. will post 1.4 earnings per share for the current year.

BCB Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date is Thursday, May 2nd. BCB Bancorp's dividend payout ratio (DPR) is presently 41.03%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. TheStreet cut shares of BCB Bancorp from a "b-" rating to a "c+" rating in a research note on Tuesday, February 20th. Piper Sandler raised their price target on BCB Bancorp from $13.00 to $13.50 and gave the company a "neutral" rating in a report on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods decreased their price objective on BCB Bancorp from $14.00 to $12.00 and set a "market perform" rating on the stock in a report on Tuesday, April 23rd. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $12.75.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its stake in BCB Bancorp by 92.5% in the first quarter. BNP Paribas Financial Markets now owns 7,201 shares of the bank's stock worth $75,000 after buying an additional 3,460 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of BCB Bancorp during the 4th quarter worth $178,000. RMR Wealth Builders purchased a new position in BCB Bancorp in the fourth quarter valued at about $164,000. LSV Asset Management raised its holdings in BCB Bancorp by 21.0% in the fourth quarter. LSV Asset Management now owns 177,191 shares of the bank's stock worth $2,277,000 after purchasing an additional 30,800 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of BCB Bancorp by 91.1% during the 4th quarter. New York State Common Retirement Fund now owns 2,727 shares of the bank's stock valued at $35,000 after purchasing an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 36.00% of the company's stock.

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.