BCB Bancorp, Inc. (NASDAQ:BCBP – Get Rating) was the recipient of a large drop in short interest in May. As of May 31st, there was short interest totalling 193,900 shares, a drop of 7.6% from the May 15th total of 209,900 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average trading volume of 101,700 shares, the days-to-cover ratio is presently 1.9 days.
BCB Bancorp Trading Down 0.6 %
Shares of BCBP opened at $12.41 on Monday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.06. The firm’s 50-day moving average is $11.24 and its two-hundred day moving average is $14.86. BCB Bancorp has a twelve month low of $9.97 and a twelve month high of $20.28. The firm has a market capitalization of $209.03 million, a P/E ratio of 4.98 and a beta of 0.60.
BCB Bancorp (NASDAQ:BCBP – Get Rating) last issued its earnings results on Tuesday, April 18th. The bank reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.11). The company had revenue of $25.81 million for the quarter. BCB Bancorp had a return on equity of 17.32% and a net margin of 29.83%. On average, research analysts predict that BCB Bancorp will post 2.35 earnings per share for the current fiscal year.
BCB Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, May 19th. Stockholders of record on Friday, May 5th were given a $0.16 dividend. The ex-dividend date was Thursday, May 4th. This represents a $0.64 annualized dividend and a dividend yield of 5.16%. BCB Bancorp’s dividend payout ratio is presently 25.70%.
Insider Buying and Selling
In related news, Director Mark D. Hogan purchased 4,123 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The shares were purchased at an average cost of $11.18 per share, for a total transaction of $46,095.14. Following the purchase, the director now directly owns 553,654 shares of the company’s stock, valued at $6,189,851.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other BCB Bancorp news, COO Ryan Blake bought 4,732 shares of BCB Bancorp stock in a transaction dated Monday, April 24th. The stock was acquired at an average cost of $11.32 per share, with a total value of $53,566.24. Following the completion of the acquisition, the chief operating officer now owns 5,732 shares of the company’s stock, valued at $64,886.24. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark D. Hogan purchased 4,123 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The shares were purchased at an average cost of $11.18 per share, with a total value of $46,095.14. Following the completion of the acquisition, the director now directly owns 553,654 shares of the company’s stock, valued at $6,189,851.72. The disclosure for this purchase can be found here. Insiders have purchased 27,642 shares of company stock worth $314,912 in the last ninety days. 15.86% of the stock is owned by corporate insiders.
Institutional Trading of BCB Bancorp
Several large investors have recently modified their holdings of the business. Royal Bank of Canada grew its position in shares of BCB Bancorp by 5.9% in the third quarter. Royal Bank of Canada now owns 10,675 shares of the bank’s stock valued at $180,000 after purchasing an additional 594 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of BCB Bancorp by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 39,490 shares of the bank’s stock valued at $710,000 after purchasing an additional 887 shares during the last quarter. FMR LLC grew its position in shares of BCB Bancorp by 36.2% in the first quarter. FMR LLC now owns 3,716 shares of the bank’s stock valued at $49,000 after purchasing an additional 988 shares during the last quarter. Peapack Gladstone Financial Corp lifted its stake in shares of BCB Bancorp by 5.9% during the first quarter. Peapack Gladstone Financial Corp now owns 17,876 shares of the bank’s stock valued at $319,000 after buying an additional 1,000 shares during the period. Finally, Advisor Group Holdings Inc. lifted its stake in shares of BCB Bancorp by 139.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 1,756 shares of the bank’s stock valued at $31,000 after buying an additional 1,023 shares during the period. 39.78% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms recently issued reports on BCBP. Keefe, Bruyette & Woods cut their price target on shares of BCB Bancorp from $17.50 to $16.50 and set a “market perform” rating for the company in a report on Wednesday, April 19th. StockNews.com upgraded shares of BCB Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, May 19th.
BCB Bancorp Company Profile
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BCB Bancorp, Inc is a holding company, which engages in the provision of financial solutions. It offers loans, deposit products, and retail and commercial banking services. The company was founded on May 1, 2003 and is headquartered in Bayonne, NJ.
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