BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Director Gary S. Stetz acquired 1,750 shares of BCB Bancorp, Inc. (NJ) stock in a transaction that occurred on Wednesday, October 25th. The stock was acquired at an average cost of $14.59 per share, with a total value of $25,532.50. Following the purchase, the director now owns 11,500 shares in the company, valued at approximately $167,785. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of BCB Bancorp, Inc. (NASDAQ:BCBP) opened at 14.50 on Friday. BCB Bancorp, Inc. has a 1-year low of $11.25 and a 1-year high of $17.05. The firm has a market cap of $163.85 million, a price-to-earnings ratio of 18.12 and a beta of 0.46. The company has a 50 day moving average of $13.69 and a 200 day moving average of $14.82.
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last released its earnings results on Thursday, October 19th. The bank reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $17.21 million during the quarter, compared to the consensus estimate of $17.70 million. BCB Bancorp, Inc. (NJ) had a net margin of 14.19% and a return on equity of 9.94%. On average, equities analysts forecast that BCB Bancorp, Inc. will post $0.89 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Friday, November 3rd will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Thursday, November 2nd. BCB Bancorp, Inc. (NJ)’s dividend payout ratio (DPR) is currently 58.33%.
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Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods assumed coverage on shares of BCB Bancorp, Inc. (NJ) in a research note on Thursday, September 14th. They issued an “outperform” rating and a $14.00 price objective for the company. ValuEngine lowered shares of BCB Bancorp, Inc. (NJ) from a “buy” rating to a “hold” rating in a research note on Friday, September 8th. Finally, DA Davidson assumed coverage on shares of BCB Bancorp, Inc. (NJ) in a research note on Thursday, September 14th. They issued a “buy” rating and a $15.00 price objective for the company.
A number of institutional investors have recently added to or reduced their stakes in BCBP. Schwab Charles Investment Management Inc. bought a new position in BCB Bancorp, Inc. (NJ) in the second quarter valued at $250,000. Rhumbline Advisers acquired a new stake in BCB Bancorp, Inc. (NJ) in the second quarter valued at $153,000. Bank of New York Mellon Corp lifted its stake 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 valued at $631,000 after acquiring an additional 24,224 shares during the last quarter. Teachers Advisors LLC acquired a new stake in BCB Bancorp, Inc. (NJ) in the second quarter valued at $280,000. Finally, TIAA CREF Investment Management LLC acquired a new stake in BCB Bancorp, Inc. (NJ) in the second quarter valued at $394,000. 17.92% of the stock is owned by institutional investors and hedge funds.
BCB Bancorp, Inc. (NJ) Company Profile
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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