BCB Bancorp, Inc. (NJ) (BCBP) Insider Purchases $49,800.00 in Stock
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) insider Joseph T. Javitz purchased 4,000 shares of BCB Bancorp, Inc. (NJ) stock in a transaction on Thursday, September 14th. The stock was purchased at an average price of $12.45 per share, for a total transaction of $49,800.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of BCB Bancorp, Inc. (NASDAQ BCBP) traded up 2.42% during trading on Friday, hitting $12.70. 122,121 shares of the company’s stock were exchanged. The stock has a market cap of $143.51 million, a PE ratio of 15.88 and a beta of 0.47. The stock’s 50-day moving average price is $13.98 and its 200-day moving average price is $15.25. BCB Bancorp, Inc. has a 1-year low of $10.82 and a 1-year high of $17.05.
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last announced its quarterly earnings data on Monday, July 17th. The bank reported $0.26 earnings per share (EPS) for the quarter. BCB Bancorp, Inc. (NJ) had a net margin of 12.89% and a return on equity of 8.85%. The firm had revenue of $17.09 million for the quarter. On average, equities analysts expect that BCB Bancorp, Inc. will post $0.85 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 7th were paid a $0.14 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.50%. BCB Bancorp, Inc. (NJ)’s payout ratio is currently 65.12%.
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Several institutional investors and hedge funds have recently bought and sold shares of BCBP. Schwab Charles Investment Management Inc. acquired a new stake in shares of BCB Bancorp, Inc. (NJ) in the 2nd quarter valued at approximately $250,000. Rhumbline Advisers acquired a new stake in shares of BCB Bancorp, Inc. (NJ) in the 2nd quarter valued at approximately $153,000. Bank of New York Mellon Corp boosted its stake in shares of BCB Bancorp, Inc. (NJ) by 142.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 41,236 shares of the bank’s stock valued at $631,000 after purchasing an additional 24,224 shares in the last quarter. Teachers Advisors LLC acquired a new stake in shares of BCB Bancorp, Inc. (NJ) in the 2nd quarter valued at approximately $280,000. Finally, TIAA CREF Investment Management LLC acquired a new stake in shares of BCB Bancorp, Inc. (NJ) in the 2nd quarter valued at approximately $394,000. Institutional investors own 23.97% of the company’s stock.
BCBP has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of BCB Bancorp, Inc. (NJ) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Keefe, Bruyette & Woods initiated coverage on shares of BCB Bancorp, Inc. (NJ) in a research report on Thursday. They issued an “outperform” rating and a $14.00 price target on the stock. Finally, DA Davidson initiated coverage on shares of BCB Bancorp, Inc. (NJ) in a research note on Thursday. They issued a “buy” rating and a $15.00 target price for the company.
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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