BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC raised its position in BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) by 1,513.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,486 shares of the bank’s stock after acquiring an additional 4,208 shares during the period. GAMMA Investing LLC’s holdings in BCB Bancorp, Inc. (NJ) were worth $455,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BCBP. Bank of New York Mellon Corp lifted its stake in shares of BCB Bancorp, Inc. (NJ) by 9.8% in the 4th quarter. Bank of New York Mellon Corp now owns 82,148 shares of the bank’s stock worth $973,000 after acquiring an additional 7,348 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of BCB Bancorp, Inc. (NJ) by 6.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 43,673 shares of the bank’s stock worth $517,000 after acquiring an additional 2,631 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of BCB Bancorp, Inc. (NJ) by 131.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,690 shares of the bank’s stock worth $790,000 after acquiring an additional 37,820 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of BCB Bancorp, Inc. (NJ) by 66.2% in the 4th quarter. JPMorgan Chase & Co. now owns 99,240 shares of the bank’s stock worth $1,175,000 after acquiring an additional 39,533 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of BCB Bancorp, Inc. (NJ) by 64.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 23,792 shares of the bank’s stock worth $282,000 after acquiring an additional 9,332 shares during the period. Institutional investors and hedge funds own 36.00% of the company’s stock.

BCB Bancorp, Inc. (NJ) Stock Up 1.2%

Shares of NASDAQ BCBP opened at $7.80 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.55. BCB Bancorp, Inc. has a 52 week low of $7.54 and a 52 week high of $14.04. The firm has a 50-day moving average price of $8.35 and a 200 day moving average price of $10.00. The stock has a market capitalization of $133.85 million, a price-to-earnings ratio of 52.00 and a beta of 0.70.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last announced its quarterly earnings data on Tuesday, April 22nd. The bank reported ($0.51) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.74). BCB Bancorp, Inc. (NJ) had a net margin of 2.31% and a return on equity of 1.50%. The company had revenue of $23.80 million during the quarter, compared to analyst estimates of $24.28 million. Equities research analysts anticipate that BCB Bancorp, Inc. will post 1.24 EPS for the current fiscal year.

BCB Bancorp, Inc. (NJ) Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 8.21%. The ex-dividend date of this dividend was Wednesday, May 7th. BCB Bancorp, Inc. (NJ)’s dividend payout ratio (DPR) is 426.67%.

Insider Activity at BCB Bancorp, Inc. (NJ)

In related news, Director Mark D. Hogan acquired 10,000 shares of BCB Bancorp, Inc. (NJ) stock in a transaction that occurred on Friday, June 13th. The stock was purchased at an average price of $7.74 per share, for a total transaction of $77,400.00. Following the completion of the purchase, the director now directly owns 621,140 shares of the company’s stock, valued at approximately $4,807,623.60. This trade represents a 1.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased 23,880 shares of company stock worth $188,201 over the last 90 days. Company insiders own 15.86% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reduced their target price on shares of BCB Bancorp, Inc. (NJ) from $12.50 to $10.50 and set a “market perform” rating for the company in a research note on Thursday, April 24th.

BCB Bancorp, Inc. (NJ) Company Profile

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.