Mark D. Hogan Buys 1,422 Shares of BCB Bancorp, Inc. (NASDAQ:BCBP) Stock

BCB Bancorp, Inc. (NASDAQ:BCBP) Director Mark D. Hogan purchased 1,422 shares of the stock in a transaction dated Friday, May 3rd. The shares were bought at an average price of $9.79 per share, with a total value of $13,921.38. Following the completion of the acquisition, the director now directly owns 78,352 shares of the company’s stock, valued at approximately $767,066.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

BCB Bancorp Stock Performance

NASDAQ BCBP opened at $10.39 on Wednesday. The company has a market capitalization of $176.11 million, a price-to-earnings ratio of 6.66 and a beta of 0.61. BCB Bancorp, Inc. has a twelve month low of $9.19 and a twelve month high of $13.90. The stock has a fifty day simple moving average of $10.04 and a 200 day simple moving average of $11.18. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.77.

BCB Bancorp (NASDAQ:BCBP) last issued its quarterly earnings results on Thursday, April 25th. The bank reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.04). The company had revenue of $51.39 million during the quarter, compared to analyst estimates of $26.87 million. BCB Bancorp had a net margin of 13.41% and a return on equity of 9.78%. Sell-side analysts expect that BCB Bancorp, Inc. will post 1.4 EPS for the current year.

BCB Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be given a $0.16 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.16%. BCB Bancorp’s dividend payout ratio (DPR) is currently 41.03%.

Institutional Investors Weigh In On BCB Bancorp

A number of institutional investors have recently modified their holdings of the company. New York State Common Retirement Fund lifted its holdings in BCB Bancorp by 91.1% in the fourth quarter. New York State Common Retirement Fund now owns 2,727 shares of the bank’s stock valued at $35,000 after buying an additional 1,300 shares during the period. BNP Paribas Financial Markets raised its position in shares of BCB Bancorp by 92.5% in the 1st quarter. BNP Paribas Financial Markets now owns 7,201 shares of the bank’s stock worth $75,000 after acquiring an additional 3,460 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of BCB Bancorp in the 4th quarter valued at about $106,000. RMR Wealth Builders bought a new stake in shares of BCB Bancorp during the 4th quarter valued at about $164,000. Finally, Quadrature Capital Ltd acquired a new stake in BCB Bancorp during the fourth quarter worth approximately $178,000. 36.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on BCBP. TheStreet cut BCB Bancorp from a “b-” rating to a “c+” rating in a report on Tuesday, February 20th. Piper Sandler boosted their price target on BCB Bancorp from $13.00 to $13.50 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of BCB Bancorp from $14.00 to $12.00 and set a “market perform” rating for the company in a report on Tuesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BCB Bancorp currently has an average rating of “Hold” and an average target price of $12.75.

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.