Insider Buying: BCB Bancorp, Inc. (NJ) (BCBP) Director Buys 1,750 Shares of Stock
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Director James G. Rizzo bought 1,750 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were acquired at an average cost of $14.53 per share, for a total transaction of $25,427.50. Following the purchase, the director now directly owns 48,500 shares in the company, valued at $704,705. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of BCB Bancorp, Inc. (NASDAQ BCBP) traded up $0.05 during trading on Thursday, hitting $14.70. The stock had a trading volume of 41,823 shares, compared to its average volume of 36,443. The firm has a market capitalization of $218.71, a price-to-earnings ratio of 15.16, a PEG ratio of 1.58 and a beta of 0.43. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.86. BCB Bancorp, Inc. has a 12 month low of $12.02 and a 12 month high of $17.05.
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last announced its earnings results on Thursday, October 19th. The bank reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 9.04% and a net margin of 14.19%. equities analysts anticipate that BCB Bancorp, Inc. will post 0.92 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of BCBP. Wells Fargo & Company MN grew its stake in BCB Bancorp, Inc. (NJ) by 2,369.8% in the third quarter. Wells Fargo & Company MN now owns 9,904 shares of the bank’s stock valued at $139,000 after purchasing an additional 9,503 shares in the last quarter. First Trust Advisors LP purchased a new position in BCB Bancorp, Inc. (NJ) in the third quarter valued at about $140,000. Rhumbline Advisers purchased a new position in BCB Bancorp, Inc. (NJ) in the second quarter valued at about $153,000. New York State Common Retirement Fund purchased a new position in BCB Bancorp, Inc. (NJ) in the second quarter valued at about $155,000. Finally, Strs Ohio grew its stake in BCB Bancorp, Inc. (NJ) by 346.4% in the third quarter. Strs Ohio now owns 12,500 shares of the bank’s stock valued at $174,000 after purchasing an additional 9,700 shares in the last quarter. Institutional investors and hedge funds own 32.45% of the company’s stock.
BCBP has been the topic of a number of research reports. ValuEngine downgraded BCB Bancorp, Inc. (NJ) from a “buy” rating to a “hold” rating in a research note on Friday, September 8th. Keefe, Bruyette & Woods initiated coverage on 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, DA Davidson initiated coverage on 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.
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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.
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