Wells Fargo & Company MN lifted its holdings in BCB Bancorp (NASDAQ:BCBP) by 135.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,325 shares of the bank’s stock after buying an additional 13,421 shares during the period. Wells Fargo & Company MN owned approximately 0.16% of BCB Bancorp worth $339,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of BCBP. Schwab Charles Investment Management Inc. increased its holdings in shares of BCB Bancorp by 180.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 45,689 shares of the bank’s stock worth $663,000 after purchasing an additional 29,389 shares during the period. First Trust Advisors LP increased its stake in BCB Bancorp by 194.2% in the fourth quarter. First Trust Advisors LP now owns 29,426 shares of the bank’s stock valued at $427,000 after acquiring an additional 19,425 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in BCB Bancorp by 173.3% during the fourth quarter. Acadian Asset Management LLC now owns 15,256 shares of the bank’s stock valued at $221,000 after buying an additional 9,674 shares during the period. Institutional investors and hedge funds own 32.81% of the company’s stock.
Shares of BCBP opened at $15.30 on Monday. BCB Bancorp has a twelve month low of $12.05 and a twelve month high of $16.10. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.24. The company has a market cap of $230.35 million, a P/E ratio of 15.00, a PEG ratio of 1.38 and a beta of 0.42.
BCB Bancorp (NASDAQ:BCBP) last issued its quarterly earnings results on Monday, April 23rd. The bank reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.03. BCB Bancorp had a net margin of 13.86% and a return on equity of 9.48%. The business had revenue of $19.83 million for the quarter, compared to analysts’ expectations of $19.88 million. sell-side analysts anticipate that BCB Bancorp will post 1.11 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 18th. Investors of record on Friday, May 4th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Thursday, May 3rd. BCB Bancorp’s dividend payout ratio (DPR) is 60.87%.
Several analysts have issued reports on the stock. Zacks Investment Research lowered shares of BCB Bancorp from a “hold” rating to a “strong sell” rating in a research report on Monday, April 30th. Keefe, Bruyette & Woods lowered shares of BCB Bancorp from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 27th.
BCB Bancorp Profile
BCB Bancorp, Inc operates as the 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 savings and club accounts, demand and NOW accounts, interest and non-interest bearing demand accounts, money market accounts, certificates of deposit, individual retirement accounts, and term certificate accounts.
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