BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) Director Mark Hogan acquired 5,000 shares of the business's stock in a transaction dated Friday, February 27th. The shares were bought at an average cost of $7.97 per share, with a total value of $39,850.00. Following the transaction, the director directly owned 103,352 shares of the company's stock, valued at $823,715.44. The trade was a 5.08% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.
BCB Bancorp, Inc. (NJ) Stock Up 1.3%
BCBP stock opened at $8.10 on Tuesday. BCB Bancorp, Inc. has a twelve month low of $7.31 and a twelve month high of $10.38. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.10. The company has a market cap of $139.56 million, a PE ratio of -9.64 and a beta of 0.74. The business's 50-day simple moving average is $8.10 and its 200 day simple moving average is $8.23.
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last posted its quarterly earnings results on Friday, January 30th. The bank reported ($0.73) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.87). BCB Bancorp, Inc. (NJ) had a negative net margin of 6.90% and a negative return on equity of 4.30%. The firm had revenue of $26.17 million during the quarter, compared to analyst estimates of $25.22 million. On average, research analysts anticipate that BCB Bancorp, Inc. will post 1.24 earnings per share for the current year.
BCB Bancorp, Inc. (NJ) Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Wednesday, February 11th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Wednesday, February 11th. BCB Bancorp, Inc. (NJ)'s dividend payout ratio (DPR) is -38.10%.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. Piper Sandler increased their price objective on shares of BCB Bancorp, Inc. (NJ) from $8.50 to $9.00 and gave the company a "neutral" rating in a research note on Tuesday, February 10th. Weiss Ratings reiterated a "sell (d)" rating on shares of BCB Bancorp, Inc. (NJ) in a research report on Monday, December 29th. Zacks Research upgraded shares of BCB Bancorp, Inc. (NJ) from a "strong sell" rating to a "hold" rating in a research note on Wednesday, February 11th. Finally, 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. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and an average target price of $9.00.
View Our Latest Research Report on BCB Bancorp, Inc. (NJ)
Hedge Funds Weigh In On BCB Bancorp, Inc. (NJ)
Several institutional investors have recently bought and sold shares of the business. Empowered Funds LLC increased its stake in shares of BCB Bancorp, Inc. (NJ) by 3.9% in the first quarter. Empowered Funds LLC now owns 62,609 shares of the bank's stock valued at $617,000 after buying an additional 2,365 shares in the last quarter. Jane Street Group LLC bought a new position in shares of BCB Bancorp, Inc. (NJ) in the first quarter worth about $146,000. Ibex Wealth Advisors bought a new position in shares of BCB Bancorp, Inc. (NJ) in the second quarter worth about $126,000. Geode Capital Management LLC lifted its position in shares of BCB Bancorp, Inc. (NJ) by 5.4% during the second quarter. Geode Capital Management LLC now owns 407,354 shares of the bank's stock worth $3,430,000 after purchasing an additional 21,035 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey bought a new stake in shares of BCB Bancorp, Inc. (NJ) during the second quarter valued at approximately $28,000. Institutional investors own 36.00% of the company's stock.
BCB Bancorp, Inc. (NJ) Company Profile
(
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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