BCB Bancorp, Inc. (BCBP) Given $15.50 Consensus Price Target by Analysts
BCB Bancorp, Inc. (NASDAQ:BCBP) has been assigned a consensus broker rating score of 1.50 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating and one has given a strong buy rating to the company.
Brokerages have set a one year consensus target price of $15.50 for the company and are anticipating that the company will post $0.26 EPS for the current quarter, according to Zacks. Zacks has also given BCB Bancorp an industry rank of 59 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded shares of BCB Bancorp from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Wednesday.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Monday, February 5th were paid a dividend of $0.14 per share. The ex-dividend date was Friday, February 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.57%. BCB Bancorp’s dividend payout ratio is presently 66.67%.
In other news, Director James G. Rizzo bought 1,750 shares of the stock in a transaction on Tuesday, November 28th. The stock was bought at an average cost of $14.53 per share, for a total transaction of $25,427.50. Following the completion of 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 can be accessed through this link. 16.76% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in BCB Bancorp by 13.5% in the fourth quarter. BlackRock Inc. now owns 588,138 shares of the bank’s stock valued at $8,528,000 after acquiring an additional 69,769 shares in the last quarter. Vanguard Group Inc. boosted its stake in BCB Bancorp by 21.4% in the second quarter. Vanguard Group Inc. now owns 303,932 shares of the bank’s stock valued at $4,650,000 after acquiring an additional 53,474 shares in the last quarter. Renaissance Technologies LLC boosted its stake in BCB Bancorp by 40.2% in the fourth quarter. Renaissance Technologies LLC now owns 303,400 shares of the bank’s stock valued at $4,399,000 after acquiring an additional 87,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in BCB Bancorp by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 265,111 shares of the bank’s stock valued at $4,056,000 after acquiring an additional 12,636 shares in the last quarter. Finally, State Street Corp boosted its stake in BCB Bancorp by 389.6% in the second quarter. State Street Corp now owns 126,807 shares of the bank’s stock valued at $1,940,000 after acquiring an additional 100,907 shares in the last quarter. Institutional investors own 30.57% of the company’s stock.
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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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