BCB Bancorp, Inc. (NASDAQ:BCBP) Director Robert Ballance purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was acquired at an average price of $12.59 per share, for a total transaction of $12,590.00. Following the acquisition, the director now directly owns 108,589 shares of the company’s stock, valued at approximately $1,367,135.51. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
NASDAQ BCBP opened at $12.63 on Wednesday. The company has a market capitalization of $208.44 million, a P/E ratio of 12.50, a price-to-earnings-growth ratio of 1.07 and a beta of 0.70. BCB Bancorp, Inc. has a one year low of $10.12 and a one year high of $15.70. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.15 and a current ratio of 1.15.
BCB Bancorp (NASDAQ:BCBP) last posted its quarterly earnings data on Thursday, April 18th. The bank reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The company had revenue of $22.56 million for the quarter, compared to analyst estimates of $23.42 million. BCB Bancorp had a net margin of 14.55% and a return on equity of 10.65%. Equities research analysts predict that BCB Bancorp, Inc. will post 1.17 EPS for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its holdings in BCB Bancorp by 7.0% in the first quarter. Renaissance Technologies LLC now owns 460,100 shares of the bank’s stock valued at $6,165,000 after acquiring an additional 29,985 shares during the last quarter. Northern Trust Corp boosted its holdings in BCB Bancorp by 1.6% in the first quarter. Northern Trust Corp now owns 153,380 shares of the bank’s stock valued at $2,055,000 after acquiring an additional 2,473 shares during the last quarter. Context BH Capital Management LP bought a new position in BCB Bancorp in the first quarter valued at about $174,000. Northwestern Mutual Wealth Management Co. acquired a new position in BCB Bancorp in the first quarter valued at about $127,000. Finally, Dimensional Fund Advisors LP lifted its stake in BCB Bancorp by 11.5% in the first quarter. Dimensional Fund Advisors LP now owns 587,583 shares of the bank’s stock valued at $7,874,000 after buying an additional 60,376 shares during the period. Institutional investors own 28.20% of the company’s stock.
Several research analysts recently commented on BCBP shares. TheStreet upgraded shares of BCB Bancorp from a “c+” rating to a “b” rating in a report on Wednesday, February 27th. Zacks Investment Research lowered shares of BCB Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $14.00.
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About BCB Bancorp
BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank, a state-chartered commercial bank that provides banking products and services to businesses and individuals in the United States. The company offers deposit products, including interest and non-interest bearing demand, NOW, savings and club, money market, term certificate, interest bearing checking, and individual retirement accounts.
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