BCB Bancorp, Inc. (NASDAQ:BCBP) Chairman Mark D. Hogan purchased 5,000 shares of BCB Bancorp stock in a transaction dated Friday, July 31st. The stock was bought at an average cost of $8.13 per share, with a total value of $40,650.00. Following the completion of the transaction, the chairman now directly owns 502,025 shares of the company’s stock, valued at $4,081,463.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

NASDAQ:BCBP opened at $8.05 on Friday. The stock’s 50 day moving average price is $8.84 and its 200 day moving average price is $10.48. BCB Bancorp, Inc. has a 52 week low of $7.87 and a 52 week high of $14.50. The company has a market capitalization of $137.14 million, a P/E ratio of 9.46 and a beta of 0.64. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.17 and a current ratio of 1.17.

BCB Bancorp (NASDAQ:BCBP) last released its quarterly earnings data on Monday, July 27th. The bank reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.07. BCB Bancorp had a return on equity of 7.28% and a net margin of 12.39%. The firm had revenue of $19.10 million for the quarter, compared to the consensus estimate of $19.90 million. As a group, sell-side analysts forecast that BCB Bancorp, Inc. will post 0.69 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, August 6th. This represents a $0.56 annualized dividend and a yield of 6.96%. BCB Bancorp’s dividend payout ratio (DPR) is presently 46.67%.

Hedge funds have recently made changes to their positions in the business. Advisor Group Holdings Inc. acquired a new position in BCB Bancorp during the first quarter valued at approximately $39,000. Citigroup Inc. grew its holdings in BCB Bancorp by 53.0% during the fourth quarter. Citigroup Inc. now owns 2,871 shares of the bank’s stock valued at $40,000 after purchasing an additional 994 shares during the last quarter. Marshall Wace LLP acquired a new position in BCB Bancorp during the fourth quarter valued at approximately $99,000. Franklin Resources Inc. acquired a new position in BCB Bancorp during the first quarter valued at approximately $138,000. Finally, Strs Ohio grew its holdings in BCB Bancorp by 8.9% during the second quarter. Strs Ohio now owns 23,200 shares of the bank’s stock valued at $215,000 after purchasing an additional 1,900 shares during the last quarter. Institutional investors own 37.51% of the company’s stock.

BCBP has been the subject of a number of research analyst reports. ValuEngine raised shares of BCB Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Piper Sandler dropped their price objective on BCB Bancorp from $9.50 to $9.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Zacks Investment Research downgraded BCB Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, June 9th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $9.00.

About BCB Bancorp

BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank, a state-chartered commercial bank that provides banking products and services to businesses and individuals in the United States. The company offers deposit products, including interest and non-interest bearing demand, NOW, savings and club, money market, term certificate, interest bearing checking, and individual retirement accounts.

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