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

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

BCB Bancorp Stock Performance

BCBP opened at $10.55 on Thursday. The company has a 50 day simple moving average of $10.04 and a two-hundred day simple moving average of $11.17. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $178.82 million, a P/E ratio of 6.76 and a beta of 0.61. BCB Bancorp, Inc. has a 1-year low of $9.19 and a 1-year high of $13.90.

BCB Bancorp (NASDAQ:BCBP) last issued its 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 firm 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%. Equities analysts forecast that BCB Bancorp, Inc. will post 1.4 earnings per share 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. Investors 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 6.07%. The ex-dividend date is Thursday, May 2nd. BCB Bancorp’s dividend payout ratio is currently 41.03%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bailard Inc. bought a new stake in shares of BCB Bancorp during the third quarter valued at approximately $267,000. Strs Ohio grew its stake in BCB Bancorp by 407.9% during the third quarter. Strs Ohio now owns 38,600 shares of the bank’s stock valued at $430,000 after acquiring an additional 31,000 shares in the last quarter. LSV Asset Management lifted its stake in BCB Bancorp by 10.2% in the 3rd quarter. LSV Asset Management now owns 146,391 shares of the bank’s stock worth $1,631,000 after purchasing an additional 13,500 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in BCB Bancorp in the 3rd quarter worth $184,000. Finally, SG Americas Securities LLC bought a new position in shares of BCB Bancorp during the 4th quarter valued at about $106,000. 36.00% of the stock is owned by hedge funds and other institutional investors.

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.