American Century Companies Inc. bought a new position in shares of BCB Bancorp, Inc. (NASDAQ:BCBP) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,921 shares of the bank’s stock, valued at approximately $359,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of BCBP. Wells Fargo & Company MN lifted its position in shares of BCB Bancorp by 2,369.8% during the third quarter. Wells Fargo & Company MN now owns 9,904 shares of the bank’s stock worth $139,000 after purchasing an additional 9,503 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of BCB Bancorp by 180.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 45,689 shares of the bank’s stock worth $663,000 after purchasing an additional 29,389 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of BCB Bancorp by 173.3% during the fourth quarter. Acadian Asset Management LLC now owns 15,256 shares of the bank’s stock worth $221,000 after purchasing an additional 9,674 shares in the last quarter. First Trust Advisors LP lifted its position in shares of BCB Bancorp by 194.2% during the fourth quarter. First Trust Advisors LP now owns 29,426 shares of the bank’s stock worth $427,000 after purchasing an additional 19,425 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of BCB Bancorp by 16,145.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 11,697 shares of the bank’s stock worth $170,000 after purchasing an additional 11,625 shares in the last quarter. 32.89% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently commented on BCBP. Zacks Investment Research cut shares of BCB Bancorp from a “hold” rating to a “strong sell” rating in a research report on Monday, April 30th. Keefe, Bruyette & Woods cut shares of BCB Bancorp from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 27th.
BCBP opened at $15.60 on Friday. The firm has a market capitalization of $234.87 million, a P/E ratio of 16.96, a P/E/G ratio of 1.41 and a beta of 0.42. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.13 and a current ratio of 1.13. BCB Bancorp, Inc. has a 12-month low of $12.05 and a 12-month high of $16.10.
BCB Bancorp (NASDAQ:BCBP) last posted its quarterly earnings results on Monday, April 23rd. The bank reported $0.29 earnings per share (EPS) for the quarter, beating the 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 9.48%. equities research analysts anticipate that BCB Bancorp, Inc. will post 1.11 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, May 18th. Investors of record on Friday, May 4th were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, May 3rd. This represents a $0.56 annualized dividend and a yield of 3.59%. BCB Bancorp’s dividend payout ratio is presently 60.87%.
About BCB Bancorp
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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