BCB Bancorp, Inc. (NASDAQ:BCBP) Shares Sold by Banc Funds Co. LLC

Banc Funds Co. LLC reduced its stake in BCB Bancorp, Inc. (NASDAQ:BCBP) by 56.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 36,437 shares of the bank’s stock after selling 46,709 shares during the period. Banc Funds Co. LLC’s holdings in BCB Bancorp were worth $450,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. CWM LLC grew its position in BCB Bancorp by 1,232.6% in the 2nd quarter. CWM LLC now owns 2,492 shares of the bank’s stock valued at $26,000 after buying an additional 2,305 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of BCB Bancorp in the second quarter valued at about $119,000. AQR Capital Management LLC acquired a new position in shares of BCB Bancorp during the second quarter worth about $334,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in BCB Bancorp during the third quarter worth about $356,000. Finally, Empowered Funds LLC lifted its position in BCB Bancorp by 5.2% in the third quarter. Empowered Funds LLC now owns 73,121 shares of the bank’s stock valued at $902,000 after purchasing an additional 3,618 shares during the period. Hedge funds and other institutional investors own 36.00% of the company’s stock.

BCB Bancorp Price Performance

Shares of NASDAQ BCBP opened at $13.27 on Monday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.23 and a current ratio of 1.23. BCB Bancorp, Inc. has a one year low of $9.19 and a one year high of $14.04. The firm has a market capitalization of $226.25 million, a P/E ratio of 11.34 and a beta of 0.58. The company’s fifty day moving average is $12.56 and its two-hundred day moving average is $11.67.

BCB Bancorp (NASDAQ:BCBP) last released its quarterly earnings data on Friday, October 18th. The bank reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. BCB Bancorp had a net margin of 10.59% and a return on equity of 7.31%. The firm had revenue of $51.75 million for the quarter, compared to the consensus estimate of $25.29 million. Analysts forecast that BCB Bancorp, Inc. will post 1.27 EPS for the current fiscal year.

BCB Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend was Friday, November 1st. BCB Bancorp’s dividend payout ratio is currently 54.70%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted their target price on BCB Bancorp from $13.25 to $13.50 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd.

About BCB Bancorp

BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank that engages in the provision of banking products and services to businesses and individuals in the United States. The company offers insured deposit products, including savings and club accounts, interest and non-interest-bearing demand accounts, money market accounts, certificates of deposit, and individual retirement accounts.