BCB Bancorp, Inc. (NASDAQ:BCBP) Director James G. Rizzo purchased 1,419 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was bought at an average price of $13.02 per share, with a total value of $18,475.38. Following the purchase, the director now owns 48,500 shares of the company’s stock, valued at approximately $631,470. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of NASDAQ:BCBP traded up $0.01 during midday trading on Friday, reaching $12.83. The company had a trading volume of 21,326 shares, compared to its average volume of 19,813. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.15 and a quick ratio of 1.15. The stock’s fifty day moving average price is $12.36 and its 200-day moving average price is $12.76. The stock has a market capitalization of $211.18 million, a P/E ratio of 12.70, a PEG ratio of 1.09 and a beta of 0.77. BCB Bancorp, Inc. has a one year low of $10.12 and a one year high of $14.96.
BCB Bancorp (NASDAQ:BCBP) last issued its quarterly earnings results on Friday, July 19th. The bank reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $22.19 million during the quarter, compared to analyst estimates of $22.73 million. BCB Bancorp had a net margin of 16.31% and a return on equity of 11.06%. As a group, sell-side analysts forecast that BCB Bancorp, Inc. will post 1.19 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.36%. BCB Bancorp’s dividend payout ratio (DPR) is presently 55.45%.
Large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new stake in shares of BCB Bancorp in the second quarter worth $29,000. BNP Paribas Arbitrage SA increased its stake in BCB Bancorp by 405.7% during the first quarter. BNP Paribas Arbitrage SA now owns 2,918 shares of the bank’s stock valued at $39,000 after purchasing an additional 2,341 shares during the last quarter. SG Americas Securities LLC bought a new stake in BCB Bancorp during the first quarter valued at $111,000. Northwestern Mutual Wealth Management Co. bought a new stake in BCB Bancorp during the first quarter valued at $127,000. Finally, Context BH Capital Management LP bought a new stake in BCB Bancorp during the first quarter valued at $174,000. Institutional investors and hedge funds own 28.71% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of BCB Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Monday, July 29th.
BCB Bancorp Company Profile
BCB Bancorp, Inc operates as a bank 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 interest and non-interest bearing demand, NOW, savings and club, money market, term certificate, interest bearing checking, and individual retirement accounts.
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