Segall Bryant & Hamill LLC Purchases Shares of 117,529 BCB Bancorp, Inc. (NASDAQ:BCBP)

Segall Bryant & Hamill LLC acquired a new position in BCB Bancorp, Inc. (NASDAQ:BCBP) during the third quarter, according to its most recent filing with the SEC. The firm acquired 117,529 shares of the bank’s stock, valued at approximately $1,450,000.

Several other hedge funds have also recently made changes to their positions in the business. CWM LLC boosted its holdings in BCB Bancorp by 1,232.6% in the second quarter. CWM LLC now owns 2,492 shares of the bank’s stock valued at $26,000 after acquiring an additional 2,305 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of BCB Bancorp by 92.5% during the first quarter. BNP Paribas Financial Markets now owns 7,201 shares of the bank’s stock valued at $75,000 after buying an additional 3,460 shares during the period. 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 buying an additional 3,483 shares during the period. Empowered Funds LLC boosted its position in BCB Bancorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 73,121 shares of the bank’s stock valued at $902,000 after acquiring an additional 3,618 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of BCB Bancorp during the 2nd quarter worth approximately $119,000. 36.00% of the stock is owned by hedge funds and other institutional investors.

BCB Bancorp Stock Performance

BCB Bancorp stock opened at $13.50 on Friday. BCB Bancorp, Inc. has a twelve month low of $9.19 and a twelve month high of $13.90. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $230.18 million, a P/E ratio of 11.54 and a beta of 0.58. The stock’s 50 day moving average is $12.48 and its 200 day moving average is $11.56.

BCB Bancorp (NASDAQ:BCBP) last released its earnings results on Friday, October 18th. The bank reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The firm had revenue of $51.75 million for the quarter, compared to analysts’ expectations of $25.29 million. BCB Bancorp had a return on equity of 7.31% and a net margin of 10.59%. On average, equities research analysts predict that BCB Bancorp, Inc. will post 1.27 earnings per share for the current fiscal year.

BCB Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $0.16 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.64 annualized dividend and a yield of 4.74%. BCB Bancorp’s dividend payout ratio (DPR) is presently 54.70%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Piper Sandler lifted their price target on BCB Bancorp from $11.50 to $14.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods upped their target price on shares of BCB Bancorp from $13.25 to $13.50 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd.

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.