BCB Bancorp, Inc. (NJ) (BCBP) Announces Earnings Results
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.
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.
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