Gerald Werdann Buys 4,400 Shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Stock

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Director Gerald Werdann purchased 4,400 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were bought at an average price of $11.28 per share, with a total value of $49,632.00. Following the purchase, the director directly owned 12,122 shares of the company’s stock, valued at approximately $136,736.16. The trade was a 56.98% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

BCB Bancorp, Inc. (NJ) Price Performance

NASDAQ:BCBP traded up $0.05 during trading hours on Friday, hitting $11.38. The company’s stock had a trading volume of 29,665 shares, compared to its average volume of 100,655. The business’s 50-day moving average is $9.80 and its two-hundred day moving average is $8.71. The company has a market capitalization of $197.56 million, a PE ratio of -162.46 and a beta of 0.71. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.11 and a current ratio of 1.11. BCB Bancorp, Inc. has a 52-week low of $7.31 and a 52-week high of $11.71.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last released its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. The firm had revenue of $24.94 million during the quarter, compared to analysts’ expectations of $25.78 million. BCB Bancorp, Inc. (NJ) had a return on equity of 0.24% and a net margin of 0.39%. As a group, research analysts anticipate that BCB Bancorp, Inc. will post 1.1 EPS for the current fiscal year.

BCB Bancorp, Inc. (NJ) Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 6th were given a $0.08 dividend. The ex-dividend date was Wednesday, May 6th. This represents a $0.32 annualized dividend and a yield of 2.8%. BCB Bancorp, Inc. (NJ)’s dividend payout ratio is presently -457.14%.

Analysts Set New Price Targets

BCBP has been the subject of several research analyst reports. Wall Street Zen upgraded BCB Bancorp, Inc. (NJ) from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings upgraded BCB Bancorp, Inc. (NJ) from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Piper Sandler increased their price objective on BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 22nd. Finally, Zacks Research cut BCB Bancorp, Inc. (NJ) from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $10.00.

Institutional Trading of BCB Bancorp, Inc. (NJ)

Several large investors have recently bought and sold shares of BCBP. Concurrent Investment Advisors LLC acquired a new stake in BCB Bancorp, Inc. (NJ) in the fourth quarter valued at $525,000. Quantinno Capital Management LP grew its holdings in BCB Bancorp, Inc. (NJ) by 69.3% in the first quarter. Quantinno Capital Management LP now owns 141,904 shares of the bank’s stock valued at $1,274,000 after purchasing an additional 58,110 shares during the last quarter. Orion Porfolio Solutions LLC grew its holdings in BCB Bancorp, Inc. (NJ) by 144.8% in the fourth quarter. Orion Porfolio Solutions LLC now owns 81,044 shares of the bank’s stock valued at $654,000 after purchasing an additional 47,943 shares during the last quarter. World Investment Advisors acquired a new stake in BCB Bancorp, Inc. (NJ) in the fourth quarter valued at $358,000. Finally, Goldman Sachs Group Inc. grew its holdings in BCB Bancorp, Inc. (NJ) by 44.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 127,151 shares of the bank’s stock valued at $1,026,000 after purchasing an additional 39,146 shares during the last quarter. Institutional investors and hedge funds 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.