Kennedy Capital Management Inc. Sells 16,406 Shares of BCB Bancorp, Inc. (BCBP)
Kennedy Capital Management Inc. reduced its position in shares of BCB Bancorp, Inc. (NASDAQ:BCBP) by 4.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 331,607 shares of the bank’s stock after selling 16,406 shares during the quarter. Kennedy Capital Management Inc.’s holdings in BCB Bancorp were worth $4,808,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in BCBP. Wells Fargo & Company MN raised its holdings in BCB Bancorp by 2,369.8% during 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 stake in BCB Bancorp during the 3rd quarter worth about $140,000. New York State Common Retirement Fund bought a new stake in BCB Bancorp during the 2nd quarter worth about $155,000. The Manufacturers Life Insurance Company raised its holdings in BCB Bancorp by 16,145.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 11,697 shares of the bank’s stock worth $170,000 after purchasing an additional 11,625 shares during the last quarter. Finally, Strs Ohio raised its holdings in BCB Bancorp by 346.4% during the 3rd quarter. Strs Ohio now owns 12,500 shares of the bank’s stock worth $174,000 after purchasing an additional 9,700 shares during the last quarter. 32.21% of the stock is owned by hedge funds and other institutional investors.
Shares of BCB Bancorp, Inc. (NASDAQ:BCBP) opened at $15.85 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.13 and a quick ratio of 1.11. The company has a market capitalization of $238.42, a PE ratio of 16.17, a PEG ratio of 1.32 and a beta of 0.44. BCB Bancorp, Inc. has a 52 week low of $12.05 and a 52 week high of $16.65.
A number of brokerages have recently commented on BCBP. Zacks Investment Research raised BCB Bancorp from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Wednesday, February 21st. Keefe, Bruyette & Woods cut BCB Bancorp from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 27th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $15.33.
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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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