BCB Bancorp, Inc. (NASDAQ:BCBP - Get Free Report) Director Mark D. Hogan purchased 1,422 shares of the company's stock in a transaction dated Friday, May 3rd. The stock was purchased at an average price of $9.79 per share, for a total transaction of $13,921.38. Following the completion of the purchase, the director now owns 78,352 shares in the company, valued at $767,066.08. The transaction was disclosed in a filing with the SEC, which is available at this link.
BCB Bancorp Price Performance
Shares of NASDAQ:BCBP opened at $10.55 on Tuesday. The firm's 50 day simple moving average is $10.04 and its two-hundred day simple moving average is $11.18. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $178.82 million, a P/E ratio of 6.76 and a beta of 0.61. BCB Bancorp, Inc. has a 1-year low of $9.19 and a 1-year high of $13.90.
BCB Bancorp (NASDAQ:BCBP - Get Free Report) last released its earnings results on Thursday, April 25th. The bank reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.04). BCB Bancorp had a net margin of 13.41% and a return on equity of 9.78%. The firm had revenue of $51.39 million for the quarter, compared to analysts' expectations of $26.87 million. Research analysts expect that BCB Bancorp, Inc. will post 1.4 EPS for the current fiscal year.
BCB Bancorp Announces Dividend
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The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 6.07%. The ex-dividend date is Thursday, May 2nd. BCB Bancorp's dividend payout ratio is currently 41.03%.
Wall Street Analysts Forecast Growth
BCBP has been the topic of several research reports. Keefe, Bruyette & Woods dropped their target price on BCB Bancorp from $14.00 to $12.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 23rd. Piper Sandler raised their price objective on shares of BCB Bancorp from $13.00 to $13.50 and gave the stock a "neutral" rating in a report on Tuesday, January 30th. Finally, TheStreet downgraded shares of BCB Bancorp from a "b-" rating to a "c+" rating in a research report on Tuesday, February 20th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $12.75.
Check Out Our Latest Analysis on BCB Bancorp
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in BCBP. LSV Asset Management raised its position in shares of BCB Bancorp by 21.0% during the fourth quarter. LSV Asset Management now owns 177,191 shares of the bank's stock valued at $2,277,000 after buying an additional 30,800 shares during the last quarter. Empowered Funds LLC grew its stake in BCB Bancorp by 8.1% during the first quarter. Empowered Funds LLC now owns 64,643 shares of the bank's stock valued at $676,000 after acquiring an additional 4,867 shares in the last quarter. Strs Ohio increased its holdings in BCB Bancorp by 13.0% in the 4th quarter. Strs Ohio now owns 43,600 shares of the bank's stock valued at $560,000 after acquiring an additional 5,000 shares during the last quarter. Bailard Inc. purchased a new stake in BCB Bancorp in the 3rd quarter worth $267,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of BCB Bancorp during the 3rd quarter valued at about $184,000. 36.00% of the stock is owned by hedge funds and other institutional investors.
About BCB Bancorp
(
Get Free Report)
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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