Key Points
- Director Michael Widmer bought 2,000 shares of BCBP on Feb. 10 at $8.40 each (total $16,800), raising his stake to 12,642 shares — an 18.79% increase — in an SEC-filed transaction.
- BCB reported a large quarterly earnings miss (EPS of -$0.73 vs. $0.14 expected) and has negative net margin (-6.9%) and ROE (-4.3%), while the stock trades near its 12‑month low and has a market cap of about $142M.
- The company declared a reduced quarterly dividend of $0.08 (annualized $0.32, ~3.9% yield), and analysts mostly rate the stock as Hold/Reduce with a consensus target of $9.00.
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) Director Michael Widmer bought 2,000 shares of the business's stock in a transaction that occurred on Tuesday, February 10th. The shares were acquired at an average price of $8.40 per share, with a total value of $16,800.00. Following the transaction, the director directly owned 12,642 shares of the company's stock, valued at $106,192.80. This represents a 18.79% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
BCB Bancorp, Inc. (NJ) Stock Down 0.4%
NASDAQ BCBP opened at $8.26 on Friday. BCB Bancorp, Inc. has a 12 month low of $7.31 and a 12 month high of $10.46. The stock's 50 day moving average is $8.11 and its 200 day moving average is $8.25. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.10. The stock has a market cap of $142.32 million, a PE ratio of -9.83 and a beta of 0.77.
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last posted its earnings results on Friday, January 30th. The bank reported ($0.73) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.87). The company had revenue of $26.17 million for the quarter, compared to analysts' expectations of $25.22 million. BCB Bancorp, Inc. (NJ) had a negative net margin of 6.90% and a negative return on equity of 4.30%. Research analysts predict that BCB Bancorp, Inc. will post 1.24 EPS for the current fiscal year.
BCB Bancorp, Inc. (NJ) Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Wednesday, February 11th will be given a $0.08 dividend. The ex-dividend date is Wednesday, February 11th. This represents a $0.32 annualized dividend and a yield of 3.9%. BCB Bancorp, Inc. (NJ)'s dividend payout ratio (DPR) is currently -38.10%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC increased its stake in shares of BCB Bancorp, Inc. (NJ) by 3.9% in the 1st quarter. Empowered Funds LLC now owns 62,609 shares of the bank's stock valued at $617,000 after purchasing an additional 2,365 shares in the last quarter. Jane Street Group LLC acquired a new stake in BCB Bancorp, Inc. (NJ) in the first quarter valued at approximately $146,000. Ibex Wealth Advisors purchased a new stake in shares of BCB Bancorp, Inc. (NJ) in the second quarter valued at approximately $126,000. Geode Capital Management LLC increased its position in shares of BCB Bancorp, Inc. (NJ) by 5.4% in the second quarter. Geode Capital Management LLC now owns 407,354 shares of the bank's stock valued at $3,430,000 after buying an additional 21,035 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey acquired a new position in shares of BCB Bancorp, Inc. (NJ) during the 2nd quarter worth approximately $28,000. Hedge funds and other institutional investors own 36.00% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on BCBP shares. Zacks Research raised shares of BCB Bancorp, Inc. (NJ) from a "strong sell" rating to a "hold" rating in a research report on Wednesday. Piper Sandler raised their target price on shares of BCB Bancorp, Inc. (NJ) from $8.50 to $9.00 and gave the company a "neutral" rating in a research report on Tuesday. Wall Street Zen upgraded BCB Bancorp, Inc. (NJ) from a "strong sell" rating to a "hold" rating in a research note on Saturday, January 31st. Weiss Ratings restated a "sell (d)" rating on shares of BCB Bancorp, Inc. (NJ) in a research note on Monday, December 29th. Finally, Keefe, Bruyette & Woods cut their price target on shares of BCB Bancorp, Inc. (NJ) from $9.50 to $9.00 and set a "market perform" rating on the stock in a research note on Tuesday, October 28th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, BCB Bancorp, Inc. (NJ) currently has an average rating of "Reduce" and a consensus target price of $9.00.
View Our Latest Research Report on BCBP
About BCB Bancorp, Inc. (NJ)
(
Get Free Report)
BCB Bancorp, Inc is a bank holding company incorporated in New Jersey and traded on the NASDAQ under the symbol BCBP. Its primary subsidiary, Bergen Commercial Bank, operates as a full-service community bank focused on serving the financial needs of individuals and businesses in the New York metropolitan area. Headquartered in Clifton, New Jersey, the company has built its reputation on personalized banking relationships and local decision-making.
BCB Bancorp offers a comprehensive suite of deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit.
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