ValuEngine lowered shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) from a buy rating to a hold rating in a research note issued to investors on Friday morning.
Shares of BCB Bancorp, Inc. (BCBP) opened at 12.375 on Friday. The stock has a market capitalization of $139.84 million, a PE ratio of 15.469 and a beta of 0.47. BCB Bancorp, Inc. has a 1-year low of $10.65 and a 1-year high of $17.05. The firm has a 50-day moving average of $14.26 and a 200 day moving average of $15.33.
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last announced its earnings results on Monday, July 17th. The bank reported $0.26 earnings per share (EPS) for the quarter. BCB Bancorp, Inc. (NJ) had a net margin of 12.89% and a return on equity of 8.85%. The company had revenue of $17.09 million during the quarter.
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The company also recently declared a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 7th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 4.53%. The ex-dividend date was Thursday, August 3rd. BCB Bancorp, Inc. (NJ)’s dividend payout ratio is currently 65.12%.
A number of large investors have recently modified their holdings of BCBP. Schwab Charles Investment Management Inc. purchased a new position in BCB Bancorp, Inc. (NJ) during the second quarter valued at approximately $250,000. Rhumbline Advisers purchased a new position in BCB Bancorp, Inc. (NJ) during the second quarter valued at approximately $153,000. Bank of New York Mellon Corp lifted its holdings in BCB Bancorp, Inc. (NJ) by 142.4% during the second quarter. Bank of New York Mellon Corp now owns 41,236 shares of the bank’s stock valued at $631,000 after purchasing an additional 24,224 shares in the last quarter. Teachers Advisors LLC purchased a new position in BCB Bancorp, Inc. (NJ) during the second quarter valued at approximately $280,000. Finally, TIAA CREF Investment Management LLC purchased a new position in BCB Bancorp, Inc. (NJ) during the second quarter valued at approximately $394,000. 23.97% of the stock is currently owned by institutional investors and hedge funds.
About BCB Bancorp, Inc. (NJ)
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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