Mark Hogan Buys 5,000 Shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Stock

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Director Mark Hogan purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was acquired at an average price of $7.97 per share, for a total transaction of $39,850.00. Following the purchase, the director owned 103,352 shares of the company’s stock, valued at approximately $823,715.44. This represents a 5.08% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

BCB Bancorp, Inc. (NJ) Price Performance

Shares of NASDAQ BCBP opened at $8.12 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.10. BCB Bancorp, Inc. has a fifty-two week low of $7.31 and a fifty-two week high of $10.38. The business has a 50 day moving average price of $8.09 and a two-hundred day moving average price of $8.23. The firm has a market cap of $139.91 million, a PE ratio of -9.67 and a beta of 0.74.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last announced its earnings results on Friday, January 30th. The bank reported ($0.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.87). The business had revenue of $26.17 million during the quarter, compared to analyst estimates of $25.22 million. BCB Bancorp, Inc. (NJ) had a negative net margin of 6.90% and a negative return on equity of 4.30%. Sell-side analysts expect that BCB Bancorp, Inc. will post 1.24 earnings per share for the current fiscal year.

BCB Bancorp, Inc. (NJ) Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Wednesday, February 11th were issued a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $0.32 annualized dividend and a yield of 3.9%. BCB Bancorp, Inc. (NJ)’s dividend payout ratio is currently -38.10%.

Institutional Investors Weigh In On BCB Bancorp, Inc. (NJ)

A number of institutional investors have recently modified their holdings of BCBP. Police & Firemen s Retirement System of New Jersey acquired a new stake in BCB Bancorp, Inc. (NJ) during the second quarter worth about $28,000. Russell Investments Group Ltd. raised its position in shares of BCB Bancorp, Inc. (NJ) by 174.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,200 shares of the bank’s stock worth $36,000 after purchasing an additional 2,669 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of BCB Bancorp, Inc. (NJ) by 76.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank’s stock worth $47,000 after purchasing an additional 2,352 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of BCB Bancorp, Inc. (NJ) by 31.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank’s stock worth $54,000 after purchasing an additional 1,497 shares during the last quarter. Finally, Mariner LLC acquired a new position in BCB Bancorp, Inc. (NJ) during the 4th quarter valued at approximately $82,000. Institutional investors own 36.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BCBP shares. Wall Street Zen raised shares of BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings reiterated a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a research note on Monday, December 29th. Piper Sandler upped their price objective on BCB Bancorp, Inc. (NJ) from $8.50 to $9.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Finally, Zacks Research raised BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $9.00.

BCB Bancorp, Inc. (NJ) Company Profile

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.