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

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Director Gerald Werdann acquired 4,400 shares of the stock in a transaction dated Thursday, June 4th. The shares were purchased at an average price of $11.28 per share, for a total transaction of $49,632.00. Following the completion of the transaction, the director owned 12,122 shares of the company’s stock, valued at $136,736.16. This trade represents a 56.98% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

BCB Bancorp, Inc. (NJ) Stock Performance

BCBP opened at $11.24 on Monday. The stock has a market cap of $195.16 million, a PE ratio of -160.55 and a beta of 0.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.95. BCB Bancorp, Inc. has a 1 year low of $7.31 and a 1 year high of $11.71. The stock’s 50 day simple moving average is $9.85 and its 200-day simple moving average is $8.73.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. BCB Bancorp, Inc. (NJ) had a return on equity of 0.24% and a net margin of 0.39%.The firm had revenue of $24.94 million for the quarter, compared to analysts’ expectations of $25.78 million. Sell-side analysts forecast that BCB Bancorp, Inc. will post 1.1 EPS for the current year.

BCB Bancorp, Inc. (NJ) Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have weighed in on BCBP. Zacks Research cut BCB Bancorp, Inc. (NJ) from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Wall Street Zen cut BCB Bancorp, Inc. (NJ) from a “buy” rating to a “hold” rating in a research report on Saturday. Piper Sandler upped their price target on BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings upgraded BCB Bancorp, Inc. (NJ) from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $10.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BCBP. Concurrent Investment Advisors LLC acquired a new stake in BCB Bancorp, Inc. (NJ) in the 4th quarter valued at about $525,000. Quantinno Capital Management LP increased its position in 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 valued at $1,274,000 after acquiring an additional 58,110 shares in the last quarter. Orion Porfolio Solutions LLC increased its position in BCB Bancorp, Inc. (NJ) by 144.8% in the 4th quarter. Orion Porfolio Solutions LLC now owns 81,044 shares of the bank’s stock valued at $654,000 after acquiring an additional 47,943 shares in the last quarter. World Investment Advisors acquired a new stake in BCB Bancorp, Inc. (NJ) in the 4th quarter valued at about $358,000. Finally, Goldman Sachs Group Inc. increased its position in BCB Bancorp, Inc. (NJ) by 44.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 127,151 shares of the bank’s stock valued at $1,026,000 after acquiring an additional 39,146 shares in the last quarter. Institutional investors and hedge funds own 36.00% of the company’s stock.

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.