BCB Bancorp, Inc. (NASDAQ:BCBP) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its holdings in BCB Bancorp, Inc. (NASDAQ:BCBP) by 5.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,928 shares of the bank’s stock after selling 1,237 shares during the quarter. Rhumbline Advisers owned approximately 0.14% of BCB Bancorp worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of BCB Bancorp by 3.3% in the first quarter. Vanguard Group Inc. now owns 775,070 shares of the bank’s stock worth $8,099,000 after buying an additional 25,064 shares during the period. Empowered Funds LLC increased its holdings in shares of BCB Bancorp by 8.1% in the 1st quarter. Empowered Funds LLC now owns 64,643 shares of the bank’s stock valued at $676,000 after acquiring an additional 4,867 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in BCB Bancorp by 51.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 53,760 shares of the bank’s stock worth $562,000 after purchasing an additional 18,327 shares during the last quarter. Quadrature Capital Ltd lifted its holdings in BCB Bancorp by 25.1% in the first quarter. Quadrature Capital Ltd now owns 17,348 shares of the bank’s stock worth $181,000 after acquiring an additional 3,483 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of BCB Bancorp in the 2nd quarter worth approximately $119,000. Hedge funds and other institutional investors own 36.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BCBP shares. Piper Sandler lifted their price target on BCB Bancorp from $11.50 to $14.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods boosted their price target on shares of BCB Bancorp from $12.00 to $13.00 and gave the company a “market perform” rating in a report on Tuesday, July 23rd.

BCB Bancorp Stock Up 0.6 %

BCBP opened at $12.20 on Friday. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.21 and a quick ratio of 1.19. The company has a market capitalization of $206.88 million, a PE ratio of 7.82 and a beta of 0.58. BCB Bancorp, Inc. has a fifty-two week low of $9.19 and a fifty-two week high of $13.90. The business has a 50-day moving average of $12.07 and a 200-day moving average of $10.85.

BCB Bancorp (NASDAQ:BCBP) last announced its earnings results on Friday, July 19th. The bank reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.16). The company had revenue of $20.41 million for the quarter, compared to the consensus estimate of $24.65 million. BCB Bancorp had a return on equity of 7.42% and a net margin of 10.67%. Equities research analysts forecast that BCB Bancorp, Inc. will post 1.32 EPS for the current fiscal year.

BCB Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 5.25%. The ex-dividend date of this dividend was Friday, August 2nd. BCB Bancorp’s payout ratio is currently 41.03%.

About BCB Bancorp

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.