Voya Investment Management LLC Acquires 84,617 Shares of BCB Bancorp, Inc. (NASDAQ:BCBP)

Voya Investment Management LLC lifted its stake in BCB Bancorp, Inc. (NASDAQ:BCBP) by 35.8% during the fourth quarter, HoldingsChannel reports. The firm owned 321,096 shares of the bank’s stock after purchasing an additional 84,617 shares during the period. Voya Investment Management LLC’s holdings in BCB Bancorp were worth $3,802,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in BCBP. Dimensional Fund Advisors LP grew its stake in BCB Bancorp by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 974,952 shares of the bank’s stock worth $11,543,000 after acquiring an additional 21,826 shares in the last quarter. First Trust Advisors LP bought a new position in BCB Bancorp in the fourth quarter worth approximately $127,000. Barclays PLC increased its holdings in BCB Bancorp by 35.5% during the 4th quarter. Barclays PLC now owns 30,324 shares of the bank’s stock worth $359,000 after purchasing an additional 7,949 shares during the period. Wells Fargo & Company MN raised its position in BCB Bancorp by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 8,763 shares of the bank’s stock valued at $104,000 after purchasing an additional 1,907 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of BCB Bancorp in the 4th quarter worth $168,000. Hedge funds and other institutional investors own 36.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Piper Sandler decreased their price objective on BCB Bancorp from $14.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Keefe, Bruyette & Woods lowered their price target on shares of BCB Bancorp from $12.50 to $10.50 and set a “market perform” rating for the company in a research report on Thursday, April 24th.

BCB Bancorp Trading Up 1.8 %

BCBP opened at $8.37 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.79. The firm has a market cap of $143.65 million, a price-to-earnings ratio of 8.54 and a beta of 0.57. BCB Bancorp, Inc. has a 12 month low of $8.05 and a 12 month high of $14.04. The stock has a fifty day moving average price of $9.54 and a 200-day moving average price of $11.13.

BCB Bancorp (NASDAQ:BCBP) last released its quarterly earnings results on Tuesday, April 22nd. The bank reported ($0.51) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.74). BCB Bancorp had a net margin of 9.46% and a return on equity of 6.33%. The firm had revenue of $23.80 million for the quarter, compared to analysts’ expectations of $24.28 million. As a group, equities research analysts anticipate that BCB Bancorp, Inc. will post 1.24 earnings per share for the current fiscal year.

BCB Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.65%. The ex-dividend date of this dividend is Wednesday, May 7th. BCB Bancorp’s payout ratio is presently 426.67%.

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.