SG Americas Securities LLC Makes New Investment in BCB Bancorp, Inc. (NASDAQ:BCBP)

SG Americas Securities LLC bought a new stake in BCB Bancorp, Inc. (NASDAQ:BCBP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,223 shares of the bank’s stock, valued at approximately $106,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BCBP. Tower Research Capital LLC TRC raised its holdings in BCB Bancorp by 113.6% in the third quarter. Tower Research Capital LLC TRC now owns 2,303 shares of the bank’s stock worth $26,000 after purchasing an additional 1,225 shares in the last quarter. Advisor Group Holdings Inc. grew its position in shares of BCB Bancorp by 139.6% in the 4th quarter. Advisor Group Holdings Inc. now owns 1,756 shares of the bank’s stock worth $31,000 after buying an additional 1,023 shares during the period. FMR LLC increased its stake in shares of BCB Bancorp by 36.2% in the 1st quarter. FMR LLC now owns 3,716 shares of the bank’s stock worth $49,000 after acquiring an additional 988 shares in the last quarter. UBS Group AG lifted its position in BCB Bancorp by 188.9% during the 3rd quarter. UBS Group AG now owns 2,932 shares of the bank’s stock valued at $50,000 after acquiring an additional 1,917 shares during the period. Finally, Citigroup Inc. bought a new stake in BCB Bancorp during the second quarter worth about $57,000. Hedge funds and other institutional investors own 36.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on BCBP shares. Piper Sandler raised their target price on shares of BCB Bancorp from $13.00 to $13.50 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. TheStreet cut shares of BCB Bancorp from a “b-” rating to a “c+” rating in a research note on Tuesday, February 20th.

BCB Bancorp Stock Performance

NASDAQ BCBP opened at $9.97 on Friday. BCB Bancorp, Inc. has a 1-year low of $9.19 and a 1-year high of $13.90. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.20 and a quick ratio of 1.20. The business has a 50 day simple moving average of $10.37 and a two-hundred day simple moving average of $11.29. The stock has a market capitalization of $168.99 million, a PE ratio of 5.86 and a beta of 0.58.

BCB Bancorp (NASDAQ:BCBP) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). BCB Bancorp had a return on equity of 11.46% and a net margin of 15.32%. The company had revenue of $27.15 million during the quarter, compared to analysts’ expectations of $27.33 million. On average, research analysts predict that BCB Bancorp, Inc. will post 1.48 EPS for the current fiscal year.

BCB Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Monday, February 5th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.42%. The ex-dividend date was Friday, February 2nd. BCB Bancorp’s payout ratio is presently 37.65%.

About BCB Bancorp

BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank that engages in the provision of banking products and services to businesses and individuals in the United States. The company offers insured deposit products, including savings and club accounts, interest and non-interest-bearing demand accounts, money market accounts, certificates of deposit, and individual retirement accounts.