BCB Bancorp, Inc. (NASDAQ:BCBP) Short Interest Update

BCB Bancorp, Inc. (NASDAQ:BCBP - Get Free Report) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 100,000 shares, an increase of 18.9% from the April 15th total of 84,100 shares. Based on an average daily volume of 53,900 shares, the short-interest ratio is presently 1.9 days. Currently, 0.7% of the company's shares are sold short.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BCBP. Piper Sandler boosted their target price on BCB Bancorp from $13.00 to $13.50 and gave the company a "neutral" rating in a research report on Tuesday, January 30th. TheStreet downgraded shares of BCB Bancorp from a "b-" rating to a "c+" rating in a research note on Tuesday, February 20th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of BCB Bancorp from $14.00 to $12.00 and set a "market perform" rating for the company in a report on Tuesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, BCB Bancorp has a consensus rating of "Hold" and an average target price of $12.75.

BCB Bancorp Trading Up 1.5 %

BCBP traded up $0.15 during trading hours on Tuesday, reaching $10.24. 24,447 shares of the company's stock traded hands, compared to its average volume of 50,495. The firm has a 50-day moving average price of $10.03 and a 200 day moving average price of $11.20. The firm has a market capitalization of $173.64 million, a PE ratio of 6.56 and a beta of 0.61. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.75. BCB Bancorp has a 52-week low of $9.19 and a 52-week high of $13.90.

BCB Bancorp (NASDAQ:BCBP - Get Free Report) last issued its earnings results on Thursday, April 25th. The bank reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.04). The company had revenue of $51.39 million for the quarter, compared to analysts' expectations of $26.87 million. BCB Bancorp had a net margin of 13.41% and a return on equity of 9.71%. As a group, sell-side analysts predict that BCB Bancorp will post 1.4 EPS for the current fiscal year.

BCB Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date of this dividend is Thursday, May 2nd. BCB Bancorp's dividend payout ratio (DPR) is presently 41.03%.

Institutional Trading of BCB Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the stock. Strs Ohio boosted its stake in shares of BCB Bancorp by 407.9% during the third quarter. Strs Ohio now owns 38,600 shares of the bank's stock valued at $430,000 after purchasing an additional 31,000 shares in the last quarter. LSV Asset Management increased its holdings in shares of BCB Bancorp by 21.0% in the 4th quarter. LSV Asset Management now owns 177,191 shares of the bank's stock valued at $2,277,000 after acquiring an additional 30,800 shares during the period. Vanguard Group Inc. raised its position in shares of BCB Bancorp by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 775,070 shares of the bank's stock worth $8,099,000 after acquiring an additional 25,064 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of BCB Bancorp in the 3rd quarter worth $184,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of BCB Bancorp during the 4th quarter worth $178,000. 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.