BCB Bancorp, Inc. (NASDAQ:BCBP) Short Interest Up 67.7% in April

BCB Bancorp, Inc. (NASDAQ:BCBPGet Rating) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 126,800 shares, an increase of 67.7% from the April 15th total of 75,600 shares. Based on an average daily volume of 63,800 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.8% of the company’s shares are short sold.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Chilton Capital Management LLC acquired a new position in BCB Bancorp during the fourth quarter worth $31,000. FNY Investment Advisers LLC acquired a new position in BCB Bancorp during the first quarter worth $54,000. JPMorgan Chase & Co. raised its holdings in BCB Bancorp by 119.7% during the fourth quarter. JPMorgan Chase & Co. now owns 5,510 shares of the bank’s stock worth $85,000 after buying an additional 3,002 shares during the last quarter. Wells Fargo & Company MN raised its holdings in BCB Bancorp by 23.9% during the second quarter. Wells Fargo & Company MN now owns 6,143 shares of the bank’s stock worth $82,000 after buying an additional 1,185 shares during the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in BCB Bancorp during the fourth quarter worth $96,000. Hedge funds and other institutional investors own 31.42% of the company’s stock.

BCB Bancorp stock opened at $18.67 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.44. BCB Bancorp has a 12-month low of $12.89 and a 12-month high of $20.71. The firm’s fifty day moving average is $18.41 and its 200 day moving average is $16.97. The company has a market capitalization of $317.20 million, a PE ratio of 8.93 and a beta of 0.46.

BCB Bancorp (NASDAQ:BCBPGet Rating) last released its quarterly earnings data on Thursday, April 21st. The bank reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.06. BCB Bancorp had a net margin of 31.32% and a return on equity of 15.36%. Sell-side analysts expect that BCB Bancorp will post 2.25 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 16th. Shareholders of record on Monday, May 2nd will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, April 29th. This represents a $0.64 annualized dividend and a yield of 3.43%. BCB Bancorp’s payout ratio is 30.62%.

BCBP has been the topic of a number of research reports. StockNews.com downgraded shares of BCB Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 5th. Zacks Investment Research upgraded shares of BCB Bancorp from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a research report on Tuesday, February 1st.

About BCB Bancorp (Get Rating)

BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank that provides banking products and services to businesses and individuals in the United States. The company offers deposit products, including savings and club accounts, interest and non-interest-bearing demand accounts, money market accounts, certificates of deposit, and individual retirement accounts.

Further Reading

Receive News & Ratings for BCB Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCB Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.