Voya Investment Management LLC Purchases 84,617 Shares of BCB Bancorp, Inc. (NASDAQ:BCBP)

Voya Investment Management LLC lifted its position in shares of BCB Bancorp, Inc. (NASDAQ:BCBP - Free Report) by 35.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 321,096 shares of the bank's stock after acquiring an additional 84,617 shares during the quarter. Voya Investment Management LLC owned approximately 1.88% of BCB Bancorp worth $3,802,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BCBP. JPMorgan Chase & Co. raised its position in BCB Bancorp by 345.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 59,707 shares of the bank's stock worth $737,000 after purchasing an additional 46,302 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of BCB Bancorp 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 period. Barclays PLC lifted its stake in shares of 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 acquiring an additional 15,702 shares during the period. Bank of New York Mellon Corp boosted its holdings in BCB Bancorp by 9.8% in the fourth quarter. Bank of New York Mellon Corp now owns 82,148 shares of the bank's stock valued at $973,000 after acquiring an additional 7,348 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised 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 worth $282,000 after purchasing an additional 9,332 shares during the last quarter. Institutional investors own 36.00% of the company's stock.

Analyst Ratings Changes

BCBP has been the subject of a number of analyst reports. Piper Sandler lowered their target price on shares of BCB Bancorp from $14.00 to $13.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. Keefe, Bruyette & Woods cut their target price on BCB Bancorp from $12.50 to $10.50 and set a "market perform" rating on the stock in a research report on Thursday, April 24th.

BCB Bancorp Stock Up 0.4 %

NASDAQ BCBP traded up $0.03 on Wednesday, hitting $8.32. 27,858 shares of the company were exchanged, compared to its average volume of 50,753. The company has a market cap of $142.80 million, a PE ratio of 8.49 and a beta of 0.70. The stock has a fifty day moving average of $9.44 and a 200-day moving average of $11.02. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.79. BCB Bancorp, Inc. has a 12 month low of $8.05 and a 12 month high of $14.04.

BCB Bancorp (NASDAQ:BCBP - Get Free Report) last announced 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 net margin of 9.46% and a return on equity of 6.33%. The firm had revenue of $23.80 million during the quarter, compared to analyst estimates of $24.28 million. As a group, analysts forecast that BCB Bancorp, Inc. will post 1.24 earnings per share for the current year.

BCB Bancorp Dividend Announcement

The firm also recently announced 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. This represents a $0.64 annualized dividend and a dividend yield of 7.69%. The ex-dividend date of this dividend is Wednesday, May 7th. BCB Bancorp's payout ratio is presently 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.