BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Director Mark Hogan Buys 5,000 Shares

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Director Mark Hogan acquired 5,000 shares of BCB Bancorp, Inc. (NJ) stock in a transaction on Friday, February 27th. The shares were purchased at an average price of $7.97 per share, for a total transaction of $39,850.00. Following the completion of the purchase, the director directly owned 103,352 shares of the company’s stock, valued at approximately $823,715.44. This represents a 5.08% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

BCB Bancorp, Inc. (NJ) Price Performance

BCBP stock traded up $0.09 during mid-day trading on Monday, hitting $8.09. The stock had a trading volume of 27,421 shares, compared to its average volume of 99,118. The firm has a fifty day simple moving average of $8.10 and a 200 day simple moving average of $8.24. The firm has a market capitalization of $139.32 million, a P/E ratio of -9.64 and a beta of 0.77. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.10. BCB Bancorp, Inc. has a 52 week low of $7.31 and a 52 week high of $10.38.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last posted its quarterly earnings results on Friday, January 30th. The bank reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.87). BCB Bancorp, Inc. (NJ) had a negative return on equity of 4.30% and a negative net margin of 6.90%.The firm had revenue of $26.17 million for the quarter, compared to analyst estimates of $25.22 million. As a group, research analysts forecast that BCB Bancorp, Inc. will post 1.24 EPS for the current year.

BCB Bancorp, Inc. (NJ) Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 11th were issued a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.0%. BCB Bancorp, Inc. (NJ)’s dividend payout ratio is -38.10%.

Analyst Upgrades and Downgrades

BCBP has been the subject of several research reports. Weiss Ratings reissued a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a research note on Monday, December 29th. Piper Sandler upped their target price on BCB Bancorp, Inc. (NJ) from $8.50 to $9.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Zacks Research raised BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Finally, Wall Street Zen raised BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a research note on Saturday, January 31st. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $9.00.

Hedge Funds Weigh In On BCB Bancorp, Inc. (NJ)

A number of hedge funds have recently made changes to their positions in the stock. Invesco Ltd. boosted its holdings in BCB Bancorp, Inc. (NJ) by 28.1% in the fourth quarter. Invesco Ltd. now owns 19,585 shares of the bank’s stock valued at $158,000 after acquiring an additional 4,294 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of BCB Bancorp, Inc. (NJ) by 21.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,492 shares of the bank’s stock worth $101,000 after purchasing an additional 2,233 shares during the period. Quadrature Capital Ltd bought a new stake in shares of BCB Bancorp, Inc. (NJ) in the 4th quarter valued at $152,000. Occudo Quantitative Strategies LP acquired a new stake in shares of BCB Bancorp, Inc. (NJ) during the fourth quarter worth $100,000. Finally, AQR Capital Management LLC raised its stake in BCB Bancorp, Inc. (NJ) by 11.2% during the fourth quarter. AQR Capital Management LLC now owns 166,549 shares of the bank’s stock worth $1,344,000 after buying an additional 16,742 shares during the last quarter. 36.00% of the stock is currently owned by institutional investors.

About BCB Bancorp, Inc. (NJ)

BCB Bancorp, Inc is a bank holding company incorporated in New Jersey and traded on the NASDAQ under the symbol BCBP. Its primary subsidiary, Bergen Commercial Bank, operates as a full-service community bank focused on serving the financial needs of individuals and businesses in the New York metropolitan area. Headquartered in Clifton, New Jersey, the company has built its reputation on personalized banking relationships and local decision-making.

BCB Bancorp offers a comprehensive suite of deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit.