BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Director Gerald Werdann Purchases 4,400 Shares

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Director Gerald Werdann bought 4,400 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was acquired at an average cost of $11.28 per share, for a total transaction of $49,632.00. Following the completion of the acquisition, the director directly owned 12,122 shares in the company, valued at approximately $136,736.16. This trade represents a 56.98% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

BCB Bancorp, Inc. (NJ) Stock Performance

Shares of BCB Bancorp, Inc. (NJ) stock opened at $11.24 on Friday. The firm’s fifty day simple moving average is $9.85 and its 200-day simple moving average is $8.73. The stock has a market capitalization of $195.13 million, a price-to-earnings ratio of -160.55 and a beta of 0.71. BCB Bancorp, Inc. has a 12 month low of $7.31 and a 12 month high of $11.71. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 1.11.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last announced its earnings results on Wednesday, April 22nd. The bank reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $24.94 million for the quarter, compared to analysts’ expectations of $25.78 million. BCB Bancorp, Inc. (NJ) had a net margin of 0.39% and a return on equity of 0.24%. As a group, equities analysts forecast that BCB Bancorp, Inc. will post 1.1 earnings per share for the current year.

BCB Bancorp, Inc. (NJ) Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 6th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, May 6th. BCB Bancorp, Inc. (NJ)’s payout ratio is currently -457.14%.

Hedge Funds Weigh In On BCB Bancorp, Inc. (NJ)

Institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its stake 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 purchasing an additional 2,922 shares during the period. Russell Investments Group Ltd. grew its stake 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 worth $36,000 after purchasing an additional 2,669 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of BCB Bancorp, Inc. (NJ) by 76.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank’s stock worth $47,000 after buying an additional 2,352 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of BCB Bancorp, Inc. (NJ) by 31.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank’s stock worth $54,000 after buying an additional 1,497 shares in the last quarter. Finally, Mariner LLC purchased a new stake in shares of BCB Bancorp, Inc. (NJ) in the 4th quarter worth about $82,000. 36.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BCBP. Weiss Ratings raised shares of BCB Bancorp, Inc. (NJ) from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Zacks Research cut shares of BCB Bancorp, Inc. (NJ) from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Wall Street Zen cut shares of BCB Bancorp, Inc. (NJ) from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Piper Sandler upped their price target on shares of 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. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price 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.