BCB Bancorp, Inc. (NJ) (BCBP) Director Buys $34,155.00 in Stock
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Director James G. Rizzo acquired 2,750 shares of the stock in a transaction dated Wednesday, September 13th. The stock was bought at an average price of $12.42 per share, with a total value of $34,155.00. Following the purchase, the director now directly owns 48,500 shares in the company, valued at $602,370. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
BCB Bancorp, Inc. (BCBP) traded up 2.42% during mid-day trading on Friday, reaching $12.70. 122,121 shares of the company traded hands. The stock has a market capitalization of $143.51 million, a price-to-earnings ratio of 15.88 and a beta of 0.47. BCB Bancorp, Inc. has a 12-month low of $10.82 and a 12-month high of $17.05. The company’s 50-day moving average is $13.98 and its 200-day moving average is $15.25.
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last posted its quarterly earnings data on Monday, July 17th. The bank reported $0.26 earnings per share (EPS) for the quarter. The business had revenue of $17.09 million during the quarter. BCB Bancorp, Inc. (NJ) had a return on equity of 8.85% and a net margin of 12.89%. Equities analysts predict that BCB Bancorp, Inc. will post $0.85 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 7th were issued a $0.14 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $0.56 dividend on an annualized basis and a yield of 4.50%. BCB Bancorp, Inc. (NJ)’s dividend payout ratio (DPR) is 65.12%.
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Several research firms have recently weighed in on BCBP. ValuEngine upgraded shares of BCB Bancorp, Inc. (NJ) from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. DA Davidson began coverage on shares of BCB Bancorp, Inc. (NJ) in a research note on Thursday. They issued a “buy” rating and a $15.00 price objective for the company. Finally, Keefe, Bruyette & Woods started coverage on shares of BCB Bancorp, Inc. (NJ) in a research note on Thursday. They issued an “outperform” rating and a $14.00 price objective for the company.
A number of institutional investors and hedge funds have recently bought and sold shares of BCBP. State Street Corp raised its holdings in BCB Bancorp, Inc. (NJ) by 389.6% in the second quarter. State Street Corp now owns 126,807 shares of the bank’s stock worth $1,940,000 after purchasing an additional 100,907 shares in the last quarter. Northern Trust Corp raised its holdings in BCB Bancorp, Inc. (NJ) by 334.4% in the second quarter. Northern Trust Corp now owns 106,720 shares of the bank’s stock worth $1,633,000 after purchasing an additional 82,153 shares in the last quarter. Vanguard Group Inc. raised its holdings in BCB Bancorp, Inc. (NJ) by 21.4% in the second quarter. Vanguard Group Inc. now owns 303,932 shares of the bank’s stock worth $4,650,000 after purchasing an additional 53,474 shares in the last quarter. TIAA CREF Investment Management LLC bought a new position in BCB Bancorp, Inc. (NJ) in the second quarter worth $394,000. Finally, Bank of New York Mellon Corp raised its holdings in BCB Bancorp, Inc. (NJ) by 142.4% in the second quarter. Bank of New York Mellon Corp now owns 41,236 shares of the bank’s stock worth $631,000 after purchasing an additional 24,224 shares in the last quarter. Institutional investors and hedge funds own 23.97% of the company’s stock.
About BCB Bancorp, Inc. (NJ)
BCB Bancorp, Inc is the holding company parent of BCB Community Bank (the Bank). The Bank is a community-oriented financial institution. Its business is to offer Federal Deposit Insurance Corporation (FDIC)-insured deposit products and to invest funds held in deposit accounts at the Bank, together with funds generated from operations, in loans and investment securities.
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