First Trust Advisors LP reduced its stake in shares of BCB Bancorp, Inc. (NASDAQ:BCBP) by 49.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,933 shares of the bank’s stock after selling 14,783 shares during the quarter. First Trust Advisors LP owned approximately 0.10% of BCB Bancorp worth $224,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in shares of BCB Bancorp by 17.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 364,384 shares of the bank’s stock worth $5,703,000 after buying an additional 53,682 shares during the period. American Century Companies Inc. purchased a new stake in shares of BCB Bancorp in the 1st quarter worth about $359,000. Acadian Asset Management LLC grew its position in shares of BCB Bancorp by 45.6% in the 2nd quarter. Acadian Asset Management LLC now owns 58,953 shares of the bank’s stock worth $884,000 after buying an additional 18,451 shares during the period. Hartford Investment Management Co. purchased a new stake in shares of BCB Bancorp in the 2nd quarter worth about $217,000. Finally, Wells Fargo & Company MN grew its position in shares of BCB Bancorp by 27.9% in the 1st quarter. Wells Fargo & Company MN now owns 29,825 shares of the bank’s stock worth $467,000 after buying an additional 6,500 shares during the period. 30.85% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:BCBP opened at $13.80 on Thursday. The stock has a market capitalization of $220.96 million, a PE ratio of 15.00, a price-to-earnings-growth ratio of 1.37 and a beta of 0.47. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.86. BCB Bancorp, Inc. has a 1-year low of $13.50 and a 1-year high of $16.10.
BCB Bancorp (NASDAQ:BCBP) last announced its quarterly earnings data on Monday, July 30th. The bank reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.02). BCB Bancorp had a net margin of 12.13% and a return on equity of 9.18%. The firm had revenue of $21.55 million for the quarter, compared to analysts’ expectations of $20.27 million. analysts forecast that BCB Bancorp, Inc. will post 1.02 EPS for the current fiscal year.
A number of analysts have recently weighed in on BCBP shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $17.00 target price on shares of BCB Bancorp in a research report on Friday, July 13th. Zacks Investment Research raised shares of BCB Bancorp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 26th.
About BCB Bancorp
BCB Bancorp, Inc operates as the 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 savings and club accounts, demand and NOW accounts, interest and non-interest bearing demand accounts, money market accounts, certificates of deposit, individual retirement accounts, and term certificate accounts.
Read More: Return on Equity (ROE)
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