BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Director Buys $49,632.00 in Stock

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Director Gerald Werdann acquired 4,400 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were bought at an average cost of $11.28 per share, for a total transaction of $49,632.00. Following the purchase, the director owned 12,122 shares of the company’s stock, valued at approximately $136,736.16. The trade was a 56.98% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

BCB Bancorp, Inc. (NJ) Price Performance

Shares of BCBP traded up $0.05 during trading hours on Friday, reaching $11.38. 29,665 shares of the company traded hands, compared to its average volume of 100,655. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $197.56 million, a PE ratio of -162.46 and a beta of 0.71. BCB Bancorp, Inc. has a fifty-two week low of $7.31 and a fifty-two week high of $11.71. The stock has a fifty day simple moving average of $9.80 and a 200 day simple moving average of $8.71.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last posted its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $24.94 million for the quarter, compared to analyst estimates of $25.78 million. BCB Bancorp, Inc. (NJ) had a return on equity of 0.24% and a net margin of 0.39%. As a group, research analysts predict that BCB Bancorp, Inc. will post 1.1 EPS for the current fiscal year.

BCB Bancorp, Inc. (NJ) Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, May 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.8%. BCB Bancorp, Inc. (NJ)’s dividend payout ratio (DPR) is presently -457.14%.

Analysts Set New Price Targets

A number of research firms recently commented on BCBP. Zacks Research lowered BCB Bancorp, Inc. (NJ) from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Weiss Ratings raised BCB Bancorp, Inc. (NJ) from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Wall Street Zen raised BCB Bancorp, Inc. (NJ) from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Piper Sandler raised their price target on BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 22nd. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $10.00.

Hedge Funds Weigh In On BCB Bancorp, Inc. (NJ)

A number of large investors have recently modified their holdings of the company. Bank of America Corp DE raised its holdings in shares of BCB Bancorp, Inc. (NJ) by 80.1% in the 1st quarter. Bank of America Corp DE now owns 45,656 shares of the bank’s stock worth $410,000 after purchasing an additional 20,300 shares during the period. Empowered Funds LLC raised its holdings in shares of BCB Bancorp, Inc. (NJ) by 67.6% in the 1st quarter. Empowered Funds LLC now owns 79,006 shares of the bank’s stock worth $709,000 after purchasing an additional 31,880 shares during the period. Quantinno Capital Management LP raised its holdings in shares of BCB Bancorp, Inc. (NJ) by 69.3% in the 1st quarter. Quantinno Capital Management LP now owns 141,904 shares of the bank’s stock worth $1,274,000 after purchasing an additional 58,110 shares during the period. Cannell & Spears LLC purchased a new position in shares of BCB Bancorp, Inc. (NJ) in the 1st quarter worth about $92,000. Finally, Renaissance Technologies LLC raised its holdings in shares of BCB Bancorp, Inc. (NJ) by 5.5% in the 1st quarter. Renaissance Technologies LLC now owns 345,194 shares of the bank’s stock worth $3,100,000 after purchasing an additional 18,000 shares during the period. 36.00% of the stock is currently owned by hedge funds and other institutional investors.

About BCB Bancorp, Inc. (NJ)

BCB Bancorp, Inc is a bank holding company incorporated in New Jersey and traded on the NASDAQ under the symbol BCBP. Its primary subsidiary, Bergen Commercial Bank, operates as a full-service community bank focused on serving the financial needs of individuals and businesses in the New York metropolitan area. Headquartered in Clifton, New Jersey, the company has built its reputation on personalized banking relationships and local decision-making.

BCB Bancorp offers a comprehensive suite of deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit.