Thomas Michael Coughlin Purchases 20,000 Shares of BCB Bancorp, Inc. (NJ) (BCBP) Stock
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) insider Thomas Michael Coughlin purchased 20,000 shares of the stock in a transaction dated Tuesday, September 12th. The stock was purchased at an average cost of $12.25 per share, for a total transaction of $245,000.00. Following the completion of the purchase, the insider now directly owns 175,604 shares of the company’s stock, valued at $2,151,149. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of BCB Bancorp, Inc. (NASDAQ BCBP) opened at 12.70 on Friday. The stock has a 50 day moving average price of $13.91 and a 200-day moving average price of $15.23. BCB Bancorp, Inc. has a 52 week low of $10.91 and a 52 week high of $17.05. The firm has a market capitalization of $143.51 million, a price-to-earnings ratio of 15.88 and a beta of 0.47.
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last posted its quarterly earnings data on Monday, July 17th. The bank reported $0.26 earnings per share (EPS) for the quarter. BCB Bancorp, Inc. (NJ) had a return on equity of 8.85% and a net margin of 12.89%. The business had revenue of $17.09 million for the quarter. On average, analysts anticipate that BCB Bancorp, Inc. will post $0.85 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 7th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.41%. The ex-dividend date was Thursday, August 3rd. BCB Bancorp, Inc. (NJ)’s dividend payout ratio (DPR) is 65.12%.
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Several hedge funds have recently bought and sold shares of the company. Rhumbline Advisers acquired a new stake in shares of BCB Bancorp, Inc. (NJ) during the second quarter worth $153,000. New York State Common Retirement Fund acquired a new stake in shares of BCB Bancorp, Inc. (NJ) during the second quarter worth $155,000. Dimensional Fund Advisors LP boosted its holdings in shares of BCB Bancorp, Inc. (NJ) by 5.0% during the second quarter. Dimensional Fund Advisors LP now owns 265,111 shares of the bank’s stock worth $4,056,000 after purchasing an additional 12,636 shares during the last quarter. Schwab Charles Investment Management Inc. acquired a new stake in shares of BCB Bancorp, Inc. (NJ) during the second quarter worth $250,000. Finally, California State Teachers Retirement System acquired a new stake in shares of BCB Bancorp, Inc. (NJ) during the second quarter worth $257,000. Institutional investors and hedge funds own 23.97% of the company’s stock.
A number of brokerages have recently issued reports on BCBP. ValuEngine lowered BCB Bancorp, Inc. (NJ) from a “buy” rating to a “hold” rating in a research note on Friday, September 8th. DA Davidson began coverage on BCB Bancorp, Inc. (NJ) in a research note on Thursday. They issued a “buy” rating and a $15.00 price target on the stock. Finally, Keefe, Bruyette & Woods began coverage on BCB Bancorp, Inc. (NJ) in a research note on Thursday. They issued an “outperform” rating and a $14.00 price target on the stock.
About BCB Bancorp, Inc. (NJ)
BCB Bancorp, Inc is the holding company parent of BCB Community Bank (the Bank). The Bank is a community-oriented financial institution. Its business is to offer Federal Deposit Insurance Corporation (FDIC)-insured deposit products and to invest funds held in deposit accounts at the Bank, together with funds generated from operations, in loans and investment securities.
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