BCB Bancorp, Inc. (NASDAQ:BCBP - Get Free Report) COO Ryan Blake sold 8,677 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $13.06, for a total value 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. This represents a 18.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
BCB Bancorp Stock Performance
NASDAQ:BCBP opened at $13.05 on Friday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.23 and a current ratio of 1.23. The firm's 50-day moving average is $12.64 and its 200-day moving average is $11.73. BCB Bancorp, Inc. has a 52-week low of $9.19 and a 52-week high of $14.04. The company has a market cap of $222.50 million, a price-to-earnings ratio of 11.15 and a beta of 0.59.
BCB Bancorp (NASDAQ:BCBP - Get Free Report) last announced its quarterly earnings data on Friday, October 18th. The bank reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04. The company had revenue of $51.75 million for the quarter, compared to analyst estimates of $25.29 million. BCB Bancorp had a return on equity of 7.31% and a net margin of 10.59%. Equities research analysts anticipate that BCB Bancorp, Inc. will post 1.27 earnings per share for the current year.
BCB Bancorp Dividend Announcement
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The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.16 per share. The ex-dividend date was Friday, November 1st. This represents a $0.64 annualized dividend and a dividend yield of 4.90%. BCB Bancorp's dividend payout ratio (DPR) is currently 54.70%.
Institutional Investors Weigh In On BCB Bancorp
Several large investors have recently modified their holdings of BCBP. Vanguard Group Inc. raised its stake in BCB Bancorp by 3.3% during the first quarter. Vanguard Group Inc. now owns 775,070 shares of the bank's stock worth $8,099,000 after acquiring an additional 25,064 shares in the last quarter. CWM LLC lifted its holdings in BCB Bancorp by 1,232.6% during the 2nd quarter. CWM LLC now owns 2,492 shares of the bank's stock valued at $26,000 after purchasing an additional 2,305 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in BCB Bancorp during the second quarter worth about $119,000. AQR Capital Management LLC bought a new position in shares of BCB Bancorp in the second quarter valued at approximately $334,000. Finally, Empowered Funds LLC grew its position 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 acquiring an additional 3,618 shares during the last quarter. 36.00% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods lifted their price target on BCB Bancorp from $13.25 to $13.50 and gave the stock a "market perform" rating in a research report on Tuesday, October 22nd.
Get Our Latest Report on BCBP
About BCB Bancorp
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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.
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