BCB Bancorp, Inc. (NJ) $BCBP Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) by 69.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,904 shares of the bank’s stock after purchasing an additional 58,110 shares during the period. Quantinno Capital Management LP owned approximately 0.82% of BCB Bancorp, Inc. (NJ) worth $1,274,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in shares of BCB Bancorp, Inc. (NJ) by 247.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,105 shares of the bank’s stock worth $37,000 after buying an additional 2,922 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of BCB Bancorp, Inc. (NJ) by 174.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,200 shares of the bank’s stock valued at $36,000 after buying an additional 2,669 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in BCB Bancorp, Inc. (NJ) by 76.8% in the third quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank’s stock valued at $47,000 after acquiring an additional 2,352 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in BCB Bancorp, Inc. (NJ) by 31.8% in the third quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank’s stock valued at $54,000 after acquiring an additional 1,497 shares during the last quarter. Finally, Mariner LLC purchased a new position in BCB Bancorp, Inc. (NJ) in the fourth quarter worth approximately $82,000. 36.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at BCB Bancorp, Inc. (NJ)

In other news, Director Gerald Werdann bought 4,400 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were bought at an average price of $11.28 per share, with a total value of $49,632.00. Following the completion of the transaction, the director directly owned 12,122 shares in the company, valued at $136,736.16. This trade represents a 56.98% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.50% of the stock is currently owned by insiders.

BCB Bancorp, Inc. (NJ) Price Performance

Shares of BCBP opened at $9.00 on Friday. The firm has a 50-day simple moving average of $10.22 and a two-hundred day simple moving average of $9.49. The stock has a market cap of $162.92 million, a PE ratio of -8.18 and a beta of 0.71. BCB Bancorp, Inc. has a 1-year low of $7.31 and a 1-year high of $11.71. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.07 and a quick ratio of 1.11.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last issued its quarterly earnings data on Monday, August 3rd. The bank reported ($0.85) EPS for the quarter, missing the consensus estimate of $0.25 by ($1.10). The company had revenue of $22.88 million during the quarter, compared to analyst estimates of $25.55 million. BCB Bancorp, Inc. (NJ) had a negative return on equity of 6.29% and a negative net margin of 10.21%. As a group, analysts forecast that BCB Bancorp, Inc. will post -0.48 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on BCBP. Piper Sandler raised their target price on BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 22nd. Wall Street Zen lowered BCB Bancorp, Inc. (NJ) from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Finally, Weiss Ratings lowered BCB Bancorp, Inc. (NJ) from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $10.00.

BCB Bancorp, Inc. (NJ) Company Profile

BCB Bancorp, Inc is a bank holding company incorporated in New Jersey and traded on the NASDAQ under the symbol BCBP. Its primary subsidiary, Bergen Commercial Bank, operates as a full-service community bank focused on serving the financial needs of individuals and businesses in the New York metropolitan area. Headquartered in Clifton, New Jersey, the company has built its reputation on personalized banking relationships and local decision-making.

BCB Bancorp offers a comprehensive suite of deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit.