Price Jennifer C. cut its holdings in BCB Bancorp, Inc. (NASDAQ:BCBP – Free Report) by 41.3% during the 1st quarter, HoldingsChannel reports. The fund owned 540,230 shares of the bank’s stock after selling 379,770 shares during the quarter. BCB Bancorp accounts for approximately 2.3% of Price Jennifer C.’s holdings, making the stock its 14th largest position. Price Jennifer C.’s holdings in BCB Bancorp were worth $7,093,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the business. Advisor Group Holdings Inc. raised its position in shares of BCB Bancorp by 139.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 1,756 shares of the bank’s stock valued at $31,000 after buying an additional 1,023 shares in the last quarter. UBS Group AG lifted its position in shares of BCB Bancorp by 188.9% during the 3rd quarter. UBS Group AG now owns 2,932 shares of the bank’s stock valued at $50,000 after acquiring an additional 1,917 shares during the period. FMR LLC grew its holdings in shares of BCB Bancorp by 36.2% during the 1st quarter. FMR LLC now owns 3,716 shares of the bank’s stock worth $49,000 after purchasing an additional 988 shares in the last quarter. Barclays PLC raised its stake in BCB Bancorp by 477.7% in the fourth quarter. Barclays PLC now owns 3,859 shares of the bank’s stock valued at $69,000 after purchasing an additional 3,191 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in BCB Bancorp by 4,368.8% during the second quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the bank’s stock worth $71,000 after buying an additional 4,063 shares in the last quarter. 37.45% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on BCBP shares. Janney Montgomery Scott assumed coverage on shares of BCB Bancorp in a research report on Wednesday, August 30th. They issued a “buy” rating for the company. StockNews.com assumed coverage on BCB Bancorp in a research note on Thursday, August 17th. They set a “hold” rating for the company.
BCB Bancorp Price Performance
Shares of BCBP stock traded up $0.48 on Monday, reaching $11.86. The company had a trading volume of 40,100 shares, compared to its average volume of 71,737. The business’s 50-day moving average is $11.99 and its 200 day moving average is $12.54. BCB Bancorp, Inc. has a one year low of $9.97 and a one year high of $20.22. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 2.37. The stock has a market capitalization of $199.13 million, a PE ratio of 4.92 and a beta of 0.66.
BCB Bancorp (NASDAQ:BCBP – Get Free Report) last issued its quarterly earnings data on Thursday, July 20th. The bank reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.03). BCB Bancorp had a return on equity of 16.55% and a net margin of 25.59%. The firm had revenue of $28.11 million for the quarter. Equities research analysts forecast that BCB Bancorp, Inc. will post 2.1 EPS for the current fiscal year.
BCB Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Friday, August 4th were issued a $0.16 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $0.64 dividend on an annualized basis and a yield of 5.40%. BCB Bancorp’s dividend payout ratio (DPR) is presently 26.56%.
Insider Buying and Selling
In other BCB Bancorp news, Director Mark D. Hogan purchased 4,934 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was purchased at an average cost of $11.87 per share, for a total transaction of $58,566.58. Following the transaction, the director now owns 606,450 shares in the company, valued at approximately $7,198,561.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have acquired a total of 5,921 shares of company stock worth $69,197 in the last ninety days. Company insiders own 15.86% of the company’s stock.
BCB Bancorp Company Profile
BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank that provides 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; and money market accounts, certificates of deposit, and individual retirement accounts.
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