JPMorgan Chase & Co. Increases Position in BCB Bancorp, Inc. (NASDAQ:BCBP)

JPMorgan Chase & Co. increased its stake in shares of BCB Bancorp, Inc. (NASDAQ:BCBP) by 66.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,240 shares of the bank’s stock after buying an additional 39,533 shares during the period. JPMorgan Chase & Co. owned about 0.58% of BCB Bancorp worth $1,175,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in shares of BCB Bancorp by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 367,403 shares of the bank’s stock valued at $4,534,000 after acquiring an additional 7,631 shares during the period. Bank of New York Mellon Corp raised its holdings in BCB Bancorp by 9.8% during the fourth quarter. Bank of New York Mellon Corp now owns 82,148 shares of the bank’s stock worth $973,000 after purchasing an additional 7,348 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in BCB Bancorp by 131.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,690 shares of the bank’s stock worth $790,000 after purchasing an additional 37,820 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in BCB Bancorp by 6.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 43,673 shares of the bank’s stock worth $517,000 after purchasing an additional 2,631 shares in the last quarter. Finally, Barclays PLC grew its holdings in BCB Bancorp by 235.3% in the third quarter. Barclays PLC now owns 22,375 shares of the bank’s stock valued at $277,000 after purchasing an additional 15,702 shares during the last quarter. Hedge funds and other institutional investors own 36.00% of the company’s stock.

BCB Bancorp Stock Performance

NASDAQ BCBP opened at $8.46 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.79. BCB Bancorp, Inc. has a fifty-two week low of $8.41 and a fifty-two week high of $14.04. The business has a fifty day moving average of $9.68 and a 200-day moving average of $11.23. The stock has a market cap of $145.20 million, a price-to-earnings ratio of 8.63 and a beta of 0.57.

BCB Bancorp (NASDAQ:BCBP) last announced its earnings results on Tuesday, April 22nd. The bank reported ($0.51) earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.74). The firm had revenue of $23.80 million during the quarter, compared to analyst estimates of $24.28 million. BCB Bancorp had a net margin of 9.46% and a return on equity of 6.33%. As a group, analysts predict that BCB Bancorp, Inc. will post 1.24 earnings per share for the current fiscal year.

BCB Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 7.57%. The ex-dividend date of this dividend is Wednesday, May 7th. BCB Bancorp’s dividend payout ratio (DPR) is 426.67%.

Wall Street Analysts Forecast Growth

BCBP has been the topic of several recent research reports. Piper Sandler decreased their price objective on shares of BCB Bancorp from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Keefe, Bruyette & Woods cut their target price on shares of BCB Bancorp from $12.50 to $10.50 and set a “market perform” rating for the company in a research report on Thursday.

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.