BCB Bancorp, Inc. (NASDAQ:BCBP) Chairman Mark D. Hogan acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average price of $8.13 per share, with a total value of $40,650.00. Following the completion of the transaction, the chairman now owns 502,025 shares in the company, valued at $4,081,463.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
NASDAQ BCBP opened at $8.05 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.17 and a quick ratio of 1.17. BCB Bancorp, Inc. has a one year low of $7.87 and a one year high of $14.50. The business has a 50 day simple moving average of $8.84 and a 200 day simple moving average of $10.48. The stock has a market capitalization of $137.31 million, a P/E ratio of 9.47 and a beta of 0.64.
BCB Bancorp (NASDAQ:BCBP) last announced its quarterly earnings data on Monday, July 27th. The bank reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.07. BCB Bancorp had a return on equity of 7.28% and a net margin of 12.39%. The firm had revenue of $19.10 million during the quarter, compared to analysts’ expectations of $19.90 million. Equities analysts expect that BCB Bancorp, Inc. will post 0.62 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be paid a $0.14 dividend. The ex-dividend date is Thursday, August 6th. This represents a $0.56 dividend on an annualized basis and a yield of 6.96%. BCB Bancorp’s dividend payout ratio (DPR) is presently 46.67%.
A number of institutional investors have recently made changes to their positions in BCBP. Goldman Sachs Group Inc. grew its stake in BCB Bancorp by 282.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 57,766 shares of the bank’s stock valued at $797,000 after acquiring an additional 42,663 shares during the period. BlackRock Inc. grew its stake in BCB Bancorp by 4.4% in the first quarter. BlackRock Inc. now owns 860,590 shares of the bank’s stock valued at $9,164,000 after acquiring an additional 36,423 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of BCB Bancorp by 25.1% in the fourth quarter. Bank of New York Mellon Corp now owns 143,721 shares of the bank’s stock valued at $1,982,000 after purchasing an additional 28,820 shares in the last quarter. State Street Corp lifted its holdings in shares of BCB Bancorp by 8.0% in the first quarter. State Street Corp now owns 329,012 shares of the bank’s stock valued at $3,504,000 after purchasing an additional 24,442 shares in the last quarter. Finally, Aurora Private Wealth Inc. lifted its holdings in shares of BCB Bancorp by 92.8% in the first quarter. Aurora Private Wealth Inc. now owns 47,149 shares of the bank’s stock valued at $502,000 after purchasing an additional 22,688 shares in the last quarter. 37.51% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have commented on the company. ValuEngine upgraded BCB Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Piper Sandler decreased their price target on BCB Bancorp from $9.50 to $9.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Zacks Investment Research cut BCB Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, June 9th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company. BCB Bancorp currently has a consensus rating of “Hold” and an average price target of $9.00.
About BCB Bancorp
BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank, a state-chartered commercial bank that provides banking products and services to businesses and individuals in the United States. The company offers deposit products, including interest and non-interest bearing demand, NOW, savings and club, money market, term certificate, interest bearing checking, and individual retirement accounts.
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