Trexquant Investment LP Acquires 6,582 Shares of BCB Bancorp, Inc. (NJ) $BCBP

Trexquant Investment LP grew its stake in BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) by 46.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,798 shares of the bank’s stock after buying an additional 6,582 shares during the period. Trexquant Investment LP owned approximately 0.12% of BCB Bancorp, Inc. (NJ) worth $205,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in shares of BCB Bancorp, Inc. (NJ) by 12.4% in the fourth quarter. Bank of America Corp DE now owns 19,022 shares of the bank’s stock worth $225,000 after buying an additional 2,092 shares during the period. GAMMA Investing LLC grew its stake in BCB Bancorp, Inc. (NJ) by 1,513.7% in the first quarter. GAMMA Investing LLC now owns 4,486 shares of the bank’s stock worth $455,000 after purchasing an additional 4,208 shares during the period. Bank of New York Mellon Corp lifted its position in BCB Bancorp, Inc. (NJ) by 3.5% during the 1st quarter. Bank of New York Mellon Corp now owns 85,052 shares of the bank’s stock valued at $839,000 after acquiring an additional 2,904 shares during the period. Private Advisor Group LLC purchased a new stake in shares of BCB Bancorp, Inc. (NJ) in the 1st quarter worth approximately $122,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of BCB Bancorp, Inc. (NJ) in the 4th quarter worth about $42,000. Institutional investors own 36.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BCBP. Keefe, Bruyette & Woods cut their price target on shares of BCB Bancorp, Inc. (NJ) from $10.50 to $9.50 and set a “market perform” rating on the stock in a report on Tuesday, July 29th. Zacks Research upgraded shares of BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a research report on Monday. Wall Street Zen upgraded shares of BCB Bancorp, Inc. (NJ) from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Piper Sandler raised their target price on shares of BCB Bancorp, Inc. (NJ) from $9.00 to $9.50 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $9.50.

BCB Bancorp, Inc. (NJ) Stock Down 0.1%

Shares of BCB Bancorp, Inc. (NJ) stock opened at $8.68 on Thursday. The company has a market cap of $149.21 million, a P/E ratio of 45.68 and a beta of 0.78. BCB Bancorp, Inc. has a 52-week low of $7.54 and a 52-week high of $14.04. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.30. The firm’s 50 day moving average price is $8.74 and its 200-day moving average price is $8.85.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last released its earnings results on Monday, July 28th. The bank reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $25.18 million for the quarter, compared to the consensus estimate of $24.51 million. BCB Bancorp, Inc. (NJ) had a net margin of 2.72% and a return on equity of 1.76%. On average, sell-side analysts predict that BCB Bancorp, Inc. will post 1.24 EPS for the current fiscal year.

BCB Bancorp, Inc. (NJ) Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 11th were given a dividend of $0.16 per share. The ex-dividend date was Monday, August 11th. This represents a $0.64 dividend on an annualized basis and a yield of 7.4%. BCB Bancorp, Inc. (NJ)’s payout ratio is currently 336.84%.

Insiders Place Their Bets

In other news, Director Mark D. Hogan bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The stock was purchased at an average cost of $7.74 per share, for a total transaction of $77,400.00. Following the purchase, the director directly owned 621,140 shares in the company, valued at approximately $4,807,623.60. This trade represents a 1.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 12,380 shares of company stock worth $95,726 in the last three months. 15.86% of the stock is currently owned by company insiders.

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.