Northern Trust Corp grew its holdings in shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) by 334.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106,720 shares of the bank’s stock after purchasing an additional 82,153 shares during the quarter. Northern Trust Corp owned about 0.94% of BCB Bancorp, Inc. (NJ) worth $1,633,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the company. TIAA CREF Investment Management LLC bought a new position in BCB Bancorp, Inc. (NJ) in the 2nd quarter worth $394,000. Bank of New York Mellon Corp raised its holdings in BCB Bancorp, Inc. (NJ) by 142.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 41,236 shares of the bank’s stock worth $631,000 after acquiring an additional 24,224 shares during the period. Teachers Advisors LLC bought a new position in BCB Bancorp, Inc. (NJ) in the 2nd quarter worth $280,000. Schwab Charles Investment Management Inc. bought a new position in BCB Bancorp, Inc. (NJ) in the 2nd quarter worth $250,000. Finally, New York State Common Retirement Fund bought a new position in BCB Bancorp, Inc. (NJ) in the 2nd quarter worth $155,000. Institutional investors and hedge funds own 32.45% of the company’s stock.
Shares of BCB Bancorp, Inc. (BCBP) opened at $14.45 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.86. The stock has a market cap of $217.96, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 1.58 and a beta of 0.43. BCB Bancorp, Inc. has a 12-month low of $12.05 and a 12-month high of $17.05.
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last posted its quarterly earnings results on Thursday, October 19th. The bank reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $17.21 million for the quarter, compared to analyst estimates of $17.70 million. BCB Bancorp, Inc. (NJ) had a net margin of 14.19% and a return on equity of 9.04%. sell-side analysts predict that BCB Bancorp, Inc. will post 0.92 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Friday, November 3rd were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $0.56 annualized dividend and a yield of 3.88%. BCB Bancorp, Inc. (NJ)’s dividend payout ratio is 58.33%.
In other BCB Bancorp, Inc. (NJ) news, CFO Thomas Keating bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were acquired at an average cost of $12.75 per share, for a total transaction of $25,500.00. Following the transaction, the chief financial officer now owns 2,000 shares in the company, valued at $25,500. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph T. Javitz bought 4,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were acquired at an average price of $12.45 per share, for a total transaction of $49,800.00. The disclosure for this purchase can be found here. Insiders acquired a total of 11,180 shares of company stock worth $149,609 over the last 90 days. Company insiders own 16.76% of the company’s stock.
Several research analysts recently commented on the stock. ValuEngine upgraded shares of BCB Bancorp, Inc. (NJ) from a “hold” rating to a “buy” rating in a report on Monday, September 18th. DA Davidson assumed coverage on shares of BCB Bancorp, Inc. (NJ) in a report on Thursday, September 14th. They issued a “buy” rating and a $15.00 target price on the stock. Finally, Keefe, Bruyette & Woods began coverage on shares of BCB Bancorp, Inc. (NJ) in a report on Thursday, September 14th. They issued an “outperform” rating and a $14.00 target price on the stock.
About BCB Bancorp, Inc. (NJ)
BCB Bancorp, Inc is the holding company parent of BCB Community Bank (the Bank). The Bank is a community-oriented financial institution. Its business is to offer Federal Deposit Insurance Corporation (FDIC)-insured deposit products and to invest funds held in deposit accounts at the Bank, together with funds generated from operations, in loans and investment securities.
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