Squarepoint Ops LLC acquired a new position in BCB Bancorp, Inc. (NASDAQ:BCBP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,767 shares of the bank’s stock, valued at approximately $185,000.
Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in BCB Bancorp by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 774,705 shares of the bank’s stock valued at $10,715,000 after acquiring an additional 7,822 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in BCB Bancorp by 78.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 58,227 shares of the bank’s stock valued at $804,000 after acquiring an additional 25,629 shares during the last quarter. Millennium Management LLC lifted its holdings in BCB Bancorp by 50.6% in the 1st quarter. Millennium Management LLC now owns 39,437 shares of the bank’s stock valued at $544,000 after acquiring an additional 13,252 shares during the last quarter. American Century Companies Inc. lifted its holdings in BCB Bancorp by 35.2% in the 2nd quarter. American Century Companies Inc. now owns 33,073 shares of the bank’s stock valued at $445,000 after acquiring an additional 8,618 shares during the last quarter. Finally, Sei Investments Co. acquired a new stake in BCB Bancorp in the 2nd quarter valued at about $209,000. 32.29% of the stock is owned by institutional investors and hedge funds.
NASDAQ BCBP opened at $15.27 on Thursday. The stock’s 50-day moving average price is $15.01 and its two-hundred day moving average price is $14.54. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. The company has a market cap of $260.09 million, a PE ratio of 8.83 and a beta of 0.63. BCB Bancorp, Inc. has a 1 year low of $10.15 and a 1 year high of $16.15.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 15th. Shareholders of record on Monday, November 1st were issued a dividend of $0.16 per share. The ex-dividend date was Friday, October 29th. This represents a $0.64 annualized dividend and a yield of 4.19%. BCB Bancorp’s payout ratio is presently 36.99%.
Separately, Zacks Investment Research upgraded BCB Bancorp from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective on the stock in a report on Tuesday, October 26th.
In other news, Director Mark D. Hogan acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, October 29th. The shares were purchased at an average price of $15.10 per share, for a total transaction of $37,750.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James G. Rizzo bought 1,750 shares of the firm’s stock in a transaction on Wednesday, September 15th. The shares were bought at an average cost of $14.52 per share, with a total value of $25,410.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 7,750 shares of company stock worth $116,035. Corporate insiders own 15.17% of the company’s stock.
BCB Bancorp Profile
BCB Bancorp, Inc is a holding company, which engages in the provision of financial solutions. It offers loans, deposit products, and retail and commercial banking services. The company was founded on May 1, 2003 and is headquartered in Bayonne, NJ.
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