Insider Buying: BCB Bancorp, Inc. (NASDAQ:BCBP) Director Buys 2,000 Shares of Stock

BCB Bancorp, Inc. (NASDAQ:BCBP) Director James G. Rizzo bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 13th. The shares were bought at an average price of $7.70 per share, with a total value of $15,400.00. Following the transaction, the director now directly owns 62,708 shares in the company, valued at $482,851.60. This trade represents a 3.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

BCB Bancorp Trading Down 1.4%

Shares of BCBP stock opened at $7.70 on Monday. The company has a market capitalization of $132.16 million, a P/E ratio of 7.86 and a beta of 0.70. BCB Bancorp, Inc. has a 12-month low of $7.54 and a 12-month high of $14.04. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.79. The firm has a 50-day moving average price of $8.48 and a 200 day moving average price of $10.11.

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

BCB Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.31%. The ex-dividend date was Wednesday, May 7th. BCB Bancorp’s dividend payout ratio is currently 426.67%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods dropped their price objective on BCB Bancorp from $12.50 to $10.50 and set a “market perform” rating for the company in a research note on Thursday, April 24th.

Institutional Trading of BCB Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in BCB Bancorp by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 974,952 shares of the bank’s stock valued at $11,543,000 after purchasing an additional 21,826 shares during the last quarter. Geode Capital Management LLC boosted its stake in BCB Bancorp by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 369,315 shares of the bank’s stock worth $4,373,000 after purchasing an additional 1,912 shares during the period. Voya Investment Management LLC increased its holdings in BCB Bancorp by 35.8% during the 4th quarter. Voya Investment Management LLC now owns 321,096 shares of the bank’s stock worth $3,802,000 after purchasing an additional 84,617 shares in the last quarter. Northern Trust Corp raised its stake in shares of BCB Bancorp by 3.0% in the 4th quarter. Northern Trust Corp now owns 126,834 shares of the bank’s stock valued at $1,502,000 after purchasing an additional 3,637 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of BCB Bancorp by 66.2% in the fourth quarter. JPMorgan Chase & Co. now owns 99,240 shares of the bank’s stock valued at $1,175,000 after purchasing an additional 39,533 shares in the last quarter. 36.00% of the stock is currently owned by institutional investors and hedge funds.

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.