BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) posted its earnings results on Thursday. The bank reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02, Bloomberg Earnings reports. BCB Bancorp, Inc. (NJ) had a net margin of 12.89% and a return on equity of 8.85%. The company had revenue of $17.21 million for the quarter, compared to analysts’ expectations of $17.70 million.

Shares of BCB Bancorp, Inc. (BCBP) traded up 0.35% during mid-day trading on Friday, hitting $14.35. 2,572 shares of the stock traded hands. The company has a market cap of $162.16 million, a P/E ratio of 17.94 and a beta of 0.46. BCB Bancorp, Inc. has a one year low of $11.25 and a one year high of $17.05. The stock has a 50 day moving average price of $13.65 and a 200-day moving average price of $14.87.

In other news, insider Thomas Michael Coughlin acquired 20,000 shares of BCB Bancorp, Inc. (NJ) stock in a transaction dated Tuesday, September 12th. The shares were acquired at an average cost of $12.25 per share, with a total value of $245,000.00. Following the purchase, the insider now directly owns 175,604 shares of the company’s stock, valued at approximately $2,151,149. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Thomas Keating acquired 2,000 shares of BCB Bancorp, Inc. (NJ) stock in a transaction dated Tuesday, September 19th. The stock was purchased at an average cost of $12.75 per share, for a total transaction of $25,500.00. Following the completion of the purchase, the chief financial officer now directly owns 2,000 shares in the company, valued at $25,500. The disclosure for this purchase can be found here. Insiders bought a total of 45,400 shares of company stock worth $558,418 over the last ninety days. Corporate insiders own 16.76% of the company’s stock.

A hedge fund recently bought a new stake in BCB Bancorp, Inc. (NJ) stock. California State Teachers Retirement System purchased a new position in shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 16,800 shares of the bank’s stock, valued at approximately $257,000. California State Teachers Retirement System owned approximately 0.15% of BCB Bancorp, Inc. (NJ) as of its most recent filing with the Securities and Exchange Commission. 17.97% of the stock is owned by hedge funds and other institutional investors.

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A number of research firms have commented on BCBP. ValuEngine cut shares of BCB Bancorp, Inc. (NJ) from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. DA Davidson started coverage on shares of BCB Bancorp, Inc. (NJ) in a research report on Thursday, September 14th. They issued a “buy” rating and a $15.00 target price on the stock. Finally, Keefe, Bruyette & Woods started coverage on shares of BCB Bancorp, Inc. (NJ) in a research report on Thursday, September 14th. They set an “outperform” rating and a $14.00 price target on the 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.

Earnings History for BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP)

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