Acadian Asset Management LLC increased its stake in BCB Bancorp, Inc. (NASDAQ:BCBP) by 173.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,256 shares of the bank’s stock after purchasing an additional 9,674 shares during the period. Acadian Asset Management LLC’s holdings in BCB Bancorp were worth $221,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of BCBP. Wells Fargo & Company MN raised its position in BCB Bancorp by 2,369.8% in the 3rd quarter. Wells Fargo & Company MN now owns 9,904 shares of the bank’s stock worth $139,000 after purchasing an additional 9,503 shares during the last quarter. First Trust Advisors LP bought a new position in BCB Bancorp in the 3rd quarter worth approximately $140,000. Rhumbline Advisers bought a new position in BCB Bancorp in the 2nd quarter worth approximately $153,000. New York State Common Retirement Fund bought a new position in BCB Bancorp in the 2nd quarter worth approximately $155,000. Finally, Strs Ohio raised its position in shares of BCB Bancorp by 346.4% during the 3rd quarter. Strs Ohio now owns 12,500 shares of the bank’s stock valued at $174,000 after acquiring an additional 9,700 shares during the last quarter. Hedge funds and other institutional investors own 32.59% of the company’s stock.

Separately, Zacks Investment Research cut shares of BCB Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $14.50.

In other BCB Bancorp news, Director James G. Rizzo bought 1,750 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was bought at an average price of $14.53 per share, for a total transaction of $25,427.50. Following the transaction, the director now owns 48,500 shares of the company’s stock, valued at approximately $704,705. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 16.76% of the company’s stock.

Shares of BCB Bancorp, Inc. (NASDAQ:BCBP) opened at $14.65 on Wednesday. The company has a market cap of $220.21, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 1.44 and a beta of 0.46. BCB Bancorp, Inc. has a 1 year low of $12.05 and a 1 year high of $17.05. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.86.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, February 5th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Friday, February 2nd. BCB Bancorp’s payout ratio is 62.22%.

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About BCB Bancorp

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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Institutional Ownership by Quarter for BCB Bancorp (NASDAQ:BCBP)

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