LSV Asset Management Grows Position in BCB Bancorp, Inc. (NASDAQ:BCBP)

LSV Asset Management raised its stake in shares of BCB Bancorp, Inc. (NASDAQ:BCBP) by 21.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 177,191 shares of the bank’s stock after purchasing an additional 30,800 shares during the period. LSV Asset Management’s holdings in BCB Bancorp were worth $2,277,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Strs Ohio grew its stake in shares of BCB Bancorp by 13.0% during the 4th quarter. Strs Ohio now owns 43,600 shares of the bank’s stock valued at $560,000 after acquiring an additional 5,000 shares during the period. SG Americas Securities LLC purchased a new stake in shares of BCB Bancorp in the fourth quarter worth $106,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of BCB Bancorp during the 3rd quarter valued at $184,000. Finally, New York State Common Retirement Fund boosted its holdings in BCB Bancorp by 91.1% in the 4th quarter. New York State Common Retirement Fund now owns 2,727 shares of the bank’s stock worth $35,000 after buying an additional 1,300 shares during the period. Hedge funds and other institutional investors own 36.00% of the company’s stock.

Analysts Set New Price Targets

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

BCB Bancorp Stock Performance

NASDAQ BCBP opened at $10.65 on Friday. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.20 and a quick ratio of 1.20. BCB Bancorp, Inc. has a 1-year low of $9.19 and a 1-year high of $13.90. The business has a 50 day simple moving average of $10.04 and a two-hundred day simple moving average of $11.17. The stock has a market capitalization of $180.59 million, a PE ratio of 6.83 and a beta of 0.61.

BCB Bancorp (NASDAQ:BCBP) last announced 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 business had revenue of $51.39 million during the quarter, compared to the consensus estimate of $26.87 million. BCB Bancorp had a return on equity of 9.78% and a net margin of 13.41%. On average, research analysts predict that BCB Bancorp, Inc. will post 1.4 EPS for the current fiscal year.

BCB Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 6.01%. The ex-dividend date of this dividend is Thursday, May 2nd. BCB Bancorp’s dividend payout ratio is 41.03%.

BCB Bancorp Company Profile

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.