BCB Bancorp, Inc. (NASDAQ:BCBP) CFO Thomas Keating purchased 1,000 shares of BCB Bancorp stock in a transaction that occurred on Friday, June 15th. The shares were bought at an average cost of $14.50 per share, for a total transaction of $14,500.00. Following the completion of the transaction, the chief financial officer now directly owns 2,000 shares in the company, valued at approximately $29,000. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of BCB Bancorp opened at $15.25 on Wednesday, MarketBeat reports. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.24. BCB Bancorp, Inc. has a 1 year low of $12.05 and a 1 year high of $16.10. The firm has a market cap of $229.60 million, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 1.37 and a beta of 0.42.
BCB Bancorp (NASDAQ:BCBP) last announced its quarterly earnings data on Monday, April 23rd. The bank reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.03. The business had revenue of $19.83 million during the quarter, compared to analyst estimates of $19.88 million. BCB Bancorp had a return on equity of 9.48% and a net margin of 13.86%. equities analysts expect that BCB Bancorp, Inc. will post 1.11 EPS for the current year.
A number of equities research analysts have recently weighed in on BCBP shares. Keefe, Bruyette & Woods downgraded BCB Bancorp from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 27th. Zacks Investment Research downgraded BCB Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 18th.
Several hedge funds and other institutional investors have recently made changes to their positions in BCBP. Schwab Charles Investment Management Inc. lifted its holdings in shares of BCB Bancorp by 180.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 45,689 shares of the bank’s stock valued at $663,000 after purchasing an additional 29,389 shares during the last quarter. First Trust Advisors LP raised its position in BCB Bancorp by 194.2% during the fourth quarter. First Trust Advisors LP now owns 29,426 shares of the bank’s stock valued at $427,000 after buying an additional 19,425 shares during the period. Wells Fargo & Company MN raised its position in BCB Bancorp by 135.5% during the fourth quarter. Wells Fargo & Company MN now owns 23,325 shares of the bank’s stock valued at $339,000 after buying an additional 13,421 shares during the period. The Manufacturers Life Insurance Company raised its position in BCB Bancorp by 16,145.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 11,697 shares of the bank’s stock valued at $170,000 after buying an additional 11,625 shares during the period. Finally, Bank of New York Mellon Corp raised its position in BCB Bancorp by 119.9% during the fourth quarter. Bank of New York Mellon Corp now owns 87,377 shares of the bank’s stock valued at $1,268,000 after buying an additional 47,643 shares during the period. 32.88% of the stock is owned by institutional investors and hedge funds.
BCB Bancorp Company 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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