Dimensional Fund Advisors LP Has $4.06 Million Stake in BCB Bancorp, Inc. (NJ) (BCBP)
Dimensional Fund Advisors LP lifted its position in shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) by 5.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 265,111 shares of the bank’s stock after purchasing an additional 12,636 shares during the period. Dimensional Fund Advisors LP owned 2.35% of BCB Bancorp, Inc. (NJ) worth $4,056,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers purchased a new stake in shares of BCB Bancorp, Inc. (NJ) during the second quarter worth about $153,000. New York State Common Retirement Fund purchased a new stake in shares of BCB Bancorp, Inc. (NJ) during the second quarter worth about $155,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of BCB Bancorp, Inc. (NJ) during the second quarter worth about $250,000. Teachers Advisors LLC purchased a new stake in BCB Bancorp, Inc. (NJ) in the second quarter worth about $280,000. Finally, TIAA CREF Investment Management LLC purchased a new stake in BCB Bancorp, Inc. (NJ) in the second quarter worth about $394,000. Institutional investors own 28.32% of the company’s stock.
In related news, Director Gary S. Stetz acquired 1,750 shares of the stock in a transaction on Wednesday, October 25th. The stock was acquired at an average cost of $14.59 per share, for a total transaction of $25,532.50. Following the completion of the acquisition, the director now directly owns 11,500 shares of the company’s stock, valued at approximately $167,785. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas Michael Coughlin acquired 20,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was bought at an average price of $12.25 per share, with a total value of $245,000.00. Following the completion of the acquisition, the insider now directly owns 175,604 shares of the company’s stock, valued at $2,151,149. The disclosure for this purchase can be found here. Insiders acquired 48,830 shares of company stock valued at $607,299 over the last 90 days. 16.76% of the stock is currently owned by company insiders.
BCBP has been the subject of several research analyst reports. ValuEngine upgraded shares of BCB Bancorp, Inc. (NJ) from a “hold” rating to a “buy” rating in a report on Monday, September 18th. DA Davidson initiated coverage on shares of BCB Bancorp, Inc. (NJ) in a report on Thursday, September 14th. They issued a “buy” rating and a $15.00 price objective for the company. Finally, Keefe, Bruyette & Woods initiated coverage on shares of BCB Bancorp, Inc. (NJ) in a report on Thursday, September 14th. They issued an “outperform” rating and a $14.00 price objective for the company.
Shares of BCB Bancorp, Inc. (BCBP) opened at $14.40 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.86. BCB Bancorp, Inc. has a 1-year low of $12.00 and a 1-year high of $17.05. The company has a market cap of $217.21, a PE ratio of 15.05, a price-to-earnings-growth ratio of 1.57 and a beta of 0.43.
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last issued its quarterly earnings data on Thursday, October 19th. The bank reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. BCB Bancorp, Inc. (NJ) had a net margin of 14.19% and a return on equity of 9.04%. The business had revenue of $17.21 million during the quarter, compared to analyst estimates of $17.70 million. equities analysts anticipate that BCB Bancorp, Inc. will post 0.92 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Friday, November 3rd were issued a $0.14 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $0.56 annualized dividend and a yield of 3.89%. BCB Bancorp, Inc. (NJ)’s dividend payout ratio (DPR) is presently 58.33%.
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About BCB Bancorp, Inc. (NJ)
BCB Bancorp, Inc is the holding company parent of BCB Community Bank (the Bank). The Bank is a community-oriented financial institution. Its business is to offer Federal Deposit Insurance Corporation (FDIC)-insured deposit products and to invest funds held in deposit accounts at the Bank, together with funds generated from operations, in loans and investment securities.
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