BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Director Michael Widmer Acquires 2,000 Shares

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Director Michael Widmer purchased 2,000 shares of the stock in a transaction dated Tuesday, February 10th. The stock was purchased at an average price of $8.40 per share, for a total transaction of $16,800.00. Following the completion of the acquisition, the director directly owned 12,642 shares in the company, valued at approximately $106,192.80. This represents a 18.79% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

BCB Bancorp, Inc. (NJ) Trading Down 0.6%

Shares of BCB Bancorp, Inc. (NJ) stock traded down $0.05 on Thursday, reaching $8.24. The company had a trading volume of 30,548 shares, compared to its average volume of 100,582. The firm has a market cap of $141.98 million, a PE ratio of -9.83 and a beta of 0.77. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.14 and a current ratio of 1.14. BCB Bancorp, Inc. has a 52-week low of $7.31 and a 52-week high of $10.46. The firm’s 50 day moving average price is $8.10 and its two-hundred day moving average price is $8.25.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last posted its quarterly earnings data 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 net margin of 6.90% and a negative return on equity of 4.30%. The firm had revenue of $26.17 million during the quarter, compared to analysts’ expectations of $25.22 million. Sell-side analysts predict that BCB Bancorp, Inc. will post 1.24 earnings per share for the current fiscal year.

BCB Bancorp, Inc. (NJ) Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Wednesday, February 11th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, February 11th. BCB Bancorp, Inc. (NJ)’s payout ratio is -76.19%.

Analyst Upgrades and Downgrades

BCBP has been the subject of several analyst reports. Piper Sandler boosted their price target on shares of BCB Bancorp, Inc. (NJ) from $8.50 to $9.00 and gave the company a “neutral” rating in a report on Tuesday. 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. Weiss Ratings restated a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a report on Monday, December 29th. Keefe, Bruyette & Woods decreased their target price on shares of BCB Bancorp, Inc. (NJ) from $9.50 to $9.00 and set a “market perform” rating for the company in a research report on Tuesday, October 28th. Finally, Zacks Research lowered shares of BCB Bancorp, Inc. (NJ) from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Two equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $9.00.

Institutional Trading of BCB Bancorp, Inc. (NJ)

A number of hedge funds have recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey bought a new position in BCB Bancorp, Inc. (NJ) during the second quarter valued at approximately $28,000. Russell Investments Group Ltd. grew its position in shares of BCB Bancorp, Inc. (NJ) by 174.3% during the third quarter. Russell Investments Group Ltd. now owns 4,200 shares of the bank’s stock worth $36,000 after purchasing an additional 2,669 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of BCB Bancorp, Inc. (NJ) by 76.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank’s stock worth $47,000 after purchasing an additional 2,352 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of BCB Bancorp, Inc. (NJ) by 31.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank’s stock valued at $54,000 after purchasing an additional 1,497 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of BCB Bancorp, Inc. (NJ) during the third quarter worth $89,000. Institutional investors own 36.00% of the company’s stock.

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.