Renaissance Technologies LLC Sells 28,304 Shares of BCB Bancorp, Inc. (NASDAQ:BCBP)

Renaissance Technologies LLC decreased its stake in BCB Bancorp, Inc. (NASDAQ:BCBP - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 331,374 shares of the bank's stock after selling 28,304 shares during the quarter. Renaissance Technologies LLC owned approximately 1.94% of BCB Bancorp worth $3,923,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its stake in BCB Bancorp by 27.8% in the fourth 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 in the last quarter. Trexquant Investment LP acquired a new position in BCB Bancorp in the fourth quarter worth $168,000. Jane Street Group LLC boosted its stake in BCB Bancorp by 5.1% in the third quarter. Jane Street Group LLC now owns 15,669 shares of the bank's stock worth $193,000 after purchasing an additional 767 shares in the last quarter. Barclays PLC boosted its stake in BCB Bancorp by 235.3% in the third quarter. Barclays PLC now owns 22,375 shares of the bank's stock worth $277,000 after purchasing an additional 15,702 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in BCB Bancorp by 64.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 23,792 shares of the bank's stock worth $282,000 after purchasing an additional 9,332 shares in the last quarter. Institutional investors and hedge funds own 36.00% of the company's stock.

BCB Bancorp Trading Down 0.8 %

NASDAQ BCBP traded down $0.07 on Monday, reaching $8.39. The company had a trading volume of 82,557 shares, compared to its average volume of 50,249. The stock's 50 day moving average is $9.64 and its 200-day moving average is $11.20. The stock has a market cap of $144.00 million, a price-to-earnings ratio of 8.56 and a beta of 0.57. 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 52 week low of $8.38 and a 52 week high of $14.04.

BCB Bancorp (NASDAQ:BCBP - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The bank reported ($0.51) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.74). BCB Bancorp had a net margin of 9.46% and a return on equity of 6.33%. The business had revenue of $23.80 million during the quarter, compared to analyst estimates of $24.28 million. Equities analysts predict that BCB Bancorp, Inc. will post 1.24 earnings per share for the current year.

BCB Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be given a dividend of $0.16 per share. The ex-dividend date is Wednesday, May 7th. This represents a $0.64 annualized dividend and a dividend yield of 7.63%. BCB Bancorp's dividend payout ratio is currently 426.67%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BCBP. Keefe, Bruyette & Woods dropped their target price on BCB Bancorp from $12.50 to $10.50 and set a "market perform" rating for the company in a research report on Thursday. Piper Sandler dropped their target price on BCB Bancorp from $14.00 to $13.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th.

BCB Bancorp 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.