Charles Schwab Investment Management Inc. Decreases Stock Holdings in BCB Bancorp, Inc. (NASDAQ:BCBP)

Charles Schwab Investment Management Inc. lowered its position in BCB Bancorp, Inc. (NASDAQ:BCBP) by 5.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,042 shares of the bank’s stock after selling 2,543 shares during the period. Charles Schwab Investment Management Inc.’s holdings in BCB Bancorp were worth $506,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of BCBP. CWM LLC grew 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 worth $26,000 after purchasing an additional 2,305 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of BCB Bancorp in the 2nd quarter worth $119,000. AQR Capital Management LLC acquired a new stake in shares of BCB Bancorp in the 2nd quarter worth $334,000. Empowered Funds LLC grew its stake in BCB Bancorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 73,121 shares of the bank’s stock worth $902,000 after buying an additional 3,618 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in BCB Bancorp during the 3rd quarter valued at about $1,450,000. Institutional investors own 36.00% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other BCB Bancorp news, COO Ryan Blake sold 8,677 shares of BCB Bancorp stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $13.06, for a total transaction of $113,321.62. Following the completion of the sale, the chief operating officer now directly owns 39,362 shares in the company, valued at approximately $514,067.72. The trade was a 18.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 15.86% of the company’s stock.

BCB Bancorp Stock Down 2.8 %

NASDAQ:BCBP opened at $11.73 on Friday. The company’s 50 day moving average is $12.74 and its two-hundred day moving average is $11.89. The company has a market cap of $199.97 million, a PE ratio of 10.03 and a beta of 0.59. BCB Bancorp, Inc. has a twelve month low of $9.19 and a twelve month high of $14.04. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.79.

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

BCB Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 5.46%. The ex-dividend date of this dividend was Friday, November 1st. BCB Bancorp’s payout ratio is 54.70%.

BCB Bancorp 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.