Short Interest in BCB Bancorp, Inc. (NASDAQ:BCBP) Expands By 14.2%

BCB Bancorp, Inc. (NASDAQ:BCBP) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 69,800 shares, a growth of 14.2% from the May 31st total of 61,100 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 44,100 shares, the short-interest ratio is presently 1.6 days.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods decreased their target price on BCB Bancorp from $14.00 to $12.00 and set a “market perform” rating for the company in a research report on Tuesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $12.75.

BCB Bancorp Stock Up 3.8 %

BCBP opened at $10.63 on Monday. BCB Bancorp has a 12 month low of $9.19 and a 12 month high of $13.90. The company has a market cap of $180.28 million, a PE ratio of 6.81 and a beta of 0.58. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.75. The company has a 50 day moving average of $10.04 and a 200 day moving average of $10.92.

BCB Bancorp (NASDAQ:BCBP) last posted its quarterly earnings results on Thursday, April 25th. The bank reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). The company had revenue of $51.39 million during the quarter, compared to the consensus estimate of $26.87 million. BCB Bancorp had a return on equity of 9.71% and a net margin of 13.41%. On average, sell-side analysts expect that BCB Bancorp will post 1.25 EPS for the current year.

BCB Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 3rd were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date was Thursday, May 2nd. BCB Bancorp’s payout ratio is presently 41.03%.

Insider Transactions at BCB Bancorp

In other BCB Bancorp news, Director Mark D. Hogan purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was bought at an average cost of $9.90 per share, with a total value of $49,500.00. Following the completion of the transaction, the director now owns 83,352 shares of the company’s stock, valued at approximately $825,184.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Tara L. French bought 2,500 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were purchased at an average cost of $10.70 per share, for a total transaction of $26,750.00. Following the completion of the purchase, the director now directly owns 2,500 shares in the company, valued at $26,750. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark D. Hogan bought 5,000 shares of BCB Bancorp stock in a transaction dated Wednesday, May 29th. The shares were bought at an average cost of $9.90 per share, with a total value of $49,500.00. Following the completion of the transaction, the director now directly owns 83,352 shares in the company, valued at $825,184.80. The disclosure for this purchase can be found here. Insiders have acquired 16,422 shares of company stock worth $163,776 in the last 90 days. Insiders own 28.70% of the company’s stock.

Institutional Investors Weigh In On BCB Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of BCBP. New York State Common Retirement Fund grew its stake in BCB Bancorp by 91.1% during the fourth quarter. New York State Common Retirement Fund now owns 2,727 shares of the bank’s stock valued at $35,000 after acquiring an additional 1,300 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of BCB Bancorp by 92.5% in the first quarter. BNP Paribas Financial Markets now owns 7,201 shares of the bank’s stock worth $75,000 after purchasing an additional 3,460 shares during the period. SG Americas Securities LLC purchased a new stake in shares of BCB Bancorp in the fourth quarter worth $106,000. RMR Wealth Builders purchased a new stake in shares of BCB Bancorp in the fourth quarter worth $164,000. Finally, Quadrature Capital Ltd bought a new stake in BCB Bancorp during the fourth quarter valued at $178,000. 36.00% of the stock is owned by hedge funds and other institutional investors.

BCB Bancorp Company Profile

BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank that engages in the provision of banking products and services to businesses and individuals in the United States. The company offers insured deposit products, including savings and club accounts, interest and non-interest-bearing demand accounts, money market accounts, certificates of deposit, and individual retirement accounts.