BCB Bancorp, Inc. (NASDAQ:BCBP) Shares Purchased by Strs Ohio

Strs Ohio boosted its position in BCB Bancorp, Inc. (NASDAQ:BCBP) by 13.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,600 shares of the bank’s stock after acquiring an additional 5,000 shares during the quarter. Strs Ohio owned 0.26% of BCB Bancorp worth $560,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BCBP. Bailard Inc. acquired a new position in BCB Bancorp in the third quarter valued at $267,000. LSV Asset Management lifted its stake in shares of BCB Bancorp by 10.2% during the third quarter. LSV Asset Management now owns 146,391 shares of the bank’s stock worth $1,631,000 after purchasing an additional 13,500 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of BCB Bancorp during the third quarter worth about $184,000. Finally, SG Americas Securities LLC acquired a new position in shares of BCB Bancorp during the fourth quarter worth about $106,000. Institutional investors and hedge funds own 36.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Keefe, Bruyette & Woods reduced their price objective on BCB Bancorp from $14.00 to $12.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 23rd. Piper Sandler boosted their price objective on BCB Bancorp from $13.00 to $13.50 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. Finally, TheStreet cut BCB Bancorp from a “b-” rating to a “c+” rating in a research note on Tuesday, February 20th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.75.

BCB Bancorp Stock Up 0.2 %

Shares of NASDAQ BCBP opened at $9.46 on Friday. BCB Bancorp, Inc. has a 1 year low of $9.19 and a 1 year high of $13.90. The firm has a market cap of $160.35 million, a price-to-earnings ratio of 6.06 and a beta of 0.58. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.20 and a current ratio of 1.20. The stock’s 50-day simple moving average is $10.18 and its 200-day simple moving average is $11.23.

BCB Bancorp (NASDAQ:BCBP) last announced its earnings results on Thursday, January 25th. The bank reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). BCB Bancorp had a return on equity of 9.78% and a net margin of 13.41%. The business had revenue of $27.15 million for the quarter, compared to analysts’ expectations of $27.33 million. As a group, equities analysts anticipate that BCB Bancorp, Inc. will post 1.4 earnings per share for the current fiscal year.

BCB Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.77%. The ex-dividend date is Thursday, May 2nd. BCB Bancorp’s payout ratio is 41.03%.

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.