BCB Bancorp, Inc. (NASDAQ:BCBP) Chairman Mark D. Hogan Acquires 5,000 Shares of Stock
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.
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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