Deutsche Bank AG increased its position in BCB Bancorp (NASDAQ:BCBP) by 91.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 94,352 shares of the bank’s stock after purchasing an additional 44,969 shares during the quarter. Deutsche Bank AG’s holdings in BCB Bancorp were worth $1,366,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Van Hulzen Asset Management LLC acquired a new position in BCB Bancorp during the 4th quarter valued at about $290,000. Schwab Charles Investment Management Inc. increased its stake in BCB Bancorp by 180.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 45,689 shares of the bank’s stock valued at $663,000 after buying an additional 29,389 shares during the period. The Manufacturers Life Insurance Company increased its stake in BCB Bancorp by 16,145.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 11,697 shares of the bank’s stock valued at $170,000 after buying an additional 11,625 shares during the period. First Trust Advisors LP increased its stake in BCB Bancorp by 194.2% during the 4th quarter. First Trust Advisors LP now owns 29,426 shares of the bank’s stock valued at $427,000 after buying an additional 19,425 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in BCB Bancorp by 119.9% during the 4th quarter. Bank of New York Mellon Corp now owns 87,377 shares of the bank’s stock valued at $1,268,000 after buying an additional 47,643 shares during the period. 32.36% of the stock is currently owned by hedge funds and other institutional investors.
BCB Bancorp stock opened at $15.15 on Friday. The stock has a market cap of $231.10, a price-to-earnings ratio of 15.05, a P/E/G ratio of 1.38 and a beta of 0.42. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.13 and a current ratio of 1.13. BCB Bancorp has a 52 week low of $12.05 and a 52 week high of $16.10.
BCB Bancorp (NASDAQ:BCBP) last released its earnings results on Monday, April 23rd. The bank reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.03. The firm had revenue of $19.83 million for the quarter, compared to analysts’ expectations of $19.88 million. BCB Bancorp had a net margin of 13.86% and a return on equity of 9.72%. research analysts forecast that BCB Bancorp will post 1.11 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 18th. Stockholders of record on Friday, May 4th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, May 3rd. This represents a $0.56 annualized dividend and a dividend yield of 3.70%. BCB Bancorp’s dividend payout ratio (DPR) is 60.87%.
Several equities analysts have commented on BCBP shares. Zacks Investment Research raised shares of BCB Bancorp from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Wednesday, February 21st. Keefe, Bruyette & Woods cut shares of BCB Bancorp from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 27th.
BCB Bancorp Company Profile
BCB Bancorp, Inc operates as the holding company for BCB Community Bank, a state chartered commercial bank that provides banking products and services to businesses and individuals in the United States. The company offers deposit products, including savings and club accounts, demand and NOW accounts, interest and non-interest bearing demand accounts, money market accounts, certificates of deposit, individual retirement accounts, and term certificate accounts.
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