BNP Paribas Financial Markets Sells 21,543 Shares of BCB Bancorp, Inc. (NASDAQ:BCBP)

BNP Paribas Financial Markets lowered its holdings in shares of BCB Bancorp, Inc. (NASDAQ:BCBP) by 51.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,272 shares of the bank’s stock after selling 21,543 shares during the quarter. BNP Paribas Financial Markets’ holdings in BCB Bancorp were worth $250,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CWM LLC grew its holdings in BCB Bancorp by 1,232.6% during the 2nd quarter. CWM LLC now owns 2,492 shares of the bank’s stock valued at $26,000 after buying an additional 2,305 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of BCB Bancorp during the second quarter worth $119,000. AQR Capital Management LLC bought a new position in shares of BCB Bancorp during the second quarter worth $334,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in BCB Bancorp during the third quarter valued at $356,000. Finally, Empowered Funds LLC increased its holdings in BCB Bancorp by 5.2% in 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 during the last quarter. Institutional investors own 36.00% of the company’s stock.

BCB Bancorp Stock Up 3.9 %

Shares of BCBP opened at $12.91 on Tuesday. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market capitalization of $220.12 million, a price-to-earnings ratio of 11.03 and a beta of 0.59. BCB Bancorp, Inc. has a 1 year low of $9.19 and a 1 year high of $14.04. The business’s 50 day simple moving average is $12.73 and its 200-day simple moving average is $11.87.

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

BCB Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date of this dividend was Friday, November 1st. BCB Bancorp’s payout ratio is 54.70%.

Insider Buying and Selling

In related news, COO Ryan Blake sold 8,677 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $13.06, for a total transaction of $113,321.62. Following the sale, the chief operating officer now owns 39,362 shares in the company, valued at approximately $514,067.72. This represents a 18.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 15.86% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods increased their price objective on shares of BCB Bancorp from $13.25 to $13.50 and gave the company a “market perform” rating in a report on Tuesday, October 22nd.

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.