Voya Investment Management LLC Grows Holdings in BCB Bancorp, Inc. (NASDAQ:BCBP)

Voya Investment Management LLC raised its position in shares of BCB Bancorp, Inc. (NASDAQ:BCBP - Free Report) by 35.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 321,096 shares of the bank's stock after purchasing an additional 84,617 shares during the quarter. Voya Investment Management LLC owned 1.88% of BCB Bancorp worth $3,802,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in BCB Bancorp by 345.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,707 shares of the bank's stock worth $737,000 after buying an additional 46,302 shares during the period. Geode Capital Management LLC raised its stake in BCB Bancorp by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 369,315 shares of the bank's stock valued at $4,373,000 after purchasing an additional 1,912 shares during the period. Barclays PLC raised its stake in BCB Bancorp by 235.3% during the 3rd quarter. Barclays PLC now owns 22,375 shares of the bank's stock valued at $277,000 after purchasing an additional 15,702 shares during the period. Bank of New York Mellon Corp boosted its stake in BCB Bancorp 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 period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in BCB Bancorp by 64.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 23,792 shares of the bank's stock valued at $282,000 after buying an additional 9,332 shares in the last quarter. 36.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on BCBP shares. Piper Sandler lowered their target price on shares of BCB Bancorp from $14.00 to $13.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Keefe, Bruyette & Woods dropped their price objective on shares of BCB Bancorp from $12.50 to $10.50 and set a "market perform" rating for the company in a report on Thursday, April 24th.

BCB Bancorp Stock Up 1.8 %

NASDAQ BCBP opened at $8.37 on Friday. The stock has a 50 day moving average price of $9.54 and a 200-day moving average price of $11.13. BCB Bancorp, Inc. has a one year low of $8.05 and a one year high of $14.04. The company has a market capitalization of $143.65 million, a P/E ratio of 8.54 and a beta of 0.57. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.23 and a current ratio of 1.23.

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

BCB Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.65%. The ex-dividend date is Wednesday, May 7th. BCB Bancorp's dividend payout ratio (DPR) is 426.67%.

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.

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