Schwab Charles Investment Management Inc. Invests $250,000 in BCB Bancorp, Inc. (NJ) (BCBP)
Schwab Charles Investment Management Inc. bought a new stake in BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,300 shares of the bank’s stock, valued at approximately $250,000. Schwab Charles Investment Management Inc. owned 0.14% of BCB Bancorp, Inc. (NJ) at the end of the most recent reporting period.
ILLEGAL ACTIVITY WARNING: “Schwab Charles Investment Management Inc. Invests $250,000 in BCB Bancorp, Inc. (NJ) (BCBP)” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/11/11/schwab-charles-investment-management-inc-invests-250000-in-bcb-bancorp-inc-nj-bcbp.html.
In other BCB Bancorp, Inc. (NJ) news, insider Thomas Michael Coughlin acquired 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were acquired at an average cost of $12.25 per share, for a total transaction of $245,000.00. Following the transaction, the insider now directly owns 175,604 shares of the company’s stock, valued at $2,151,149. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James G. Rizzo acquired 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was acquired at an average price of $12.25 per share, for a total transaction of $153,125.00. Following the completion of the transaction, the director now directly owns 48,500 shares in the company, valued at $594,125. The disclosure for this purchase can be found here. Insiders have acquired a total of 48,830 shares of company stock worth $607,299 over the last 90 days. Insiders own 16.76% of the company’s stock.
Shares of BCB Bancorp, Inc. (BCBP) opened at $14.10 on Friday. The company has a market cap of $209.32, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 1.51 and a beta of 0.43. BCB Bancorp, Inc. has a 1 year low of $11.33 and a 1 year high of $17.05. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.10 and a current ratio of 1.12.
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last issued its earnings results on Thursday, October 19th. The bank reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $17.21 million for the quarter, compared to analyst estimates of $17.70 million. BCB Bancorp, Inc. (NJ) had a net margin of 14.19% and a return on equity of 9.04%. sell-side analysts predict that BCB Bancorp, Inc. will post 0.92 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Friday, November 3rd will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, November 2nd. This represents a $0.56 annualized dividend and a dividend yield of 3.97%. BCB Bancorp, Inc. (NJ)’s payout ratio is currently 58.33%.
Several equities analysts have issued reports on BCBP shares. DA Davidson started coverage on shares of BCB Bancorp, Inc. (NJ) in a research note on Thursday, September 14th. They issued a “buy” rating and a $15.00 price objective on the stock. Keefe, Bruyette & Woods started coverage on shares of BCB Bancorp, Inc. (NJ) in a research note on Thursday, September 14th. They issued an “outperform” rating and a $14.00 price objective on the stock. Finally, ValuEngine raised shares of BCB Bancorp, Inc. (NJ) from a “hold” rating to a “buy” rating in a research note on Monday, September 18th.
BCB Bancorp, Inc. (NJ) Company Profile
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.
Receive News & Stock Ratings for BCB Bancorp Inc. (NJ) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCB Bancorp Inc. (NJ) and related stocks with our FREE daily email newsletter.