By otakuyassine3@gmail.com 
BCB Bancorp, Inc. (NASDAQ:BCBP – Get Free Report) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 81,900 shares, a growth of 9.8% from the December 31st total of 74,600 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 43,900 shares, the short-interest ratio is presently 1.9 days.
Wall Street Analyst Weigh In
BCBP has been the topic of a number of recent research reports. Keefe, Bruyette & Woods cut their price objective on shares of BCB Bancorp from $15.00 to $13.75 and set a “market perform” rating on the stock in a report on Thursday. Piper Sandler dropped their price target on BCB Bancorp from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday.
Check Out Our Latest Stock Analysis on BCB Bancorp
Insider Activity
In other BCB Bancorp news, COO Ryan Blake sold 8,677 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $13.06, for a total transaction of $113,321.62. Following the completion of the transaction, the chief operating officer now owns 39,362 shares of the company’s stock, valued at approximately $514,067.72. This trade represents a 18.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 28.70% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in BCB Bancorp by 345.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,707 shares of the bank’s stock worth $737,000 after buying an additional 46,302 shares during the last quarter. Barclays PLC boosted its stake in shares of BCB Bancorp by 235.3% in the 3rd quarter. Barclays PLC now owns 22,375 shares of the bank’s stock worth $277,000 after buying an additional 15,702 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of BCB Bancorp by 2.1% in the third quarter. Geode Capital Management LLC now owns 367,403 shares of the bank’s stock worth $4,534,000 after acquiring an additional 7,631 shares during the period. Jane Street Group LLC lifted its holdings in BCB Bancorp by 5.1% in the third quarter. Jane Street Group LLC now owns 15,669 shares of the bank’s stock valued at $193,000 after acquiring an additional 767 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of BCB Bancorp during the 3rd quarter valued at about $356,000. Hedge funds and other institutional investors own 36.00% of the company’s stock.
BCB Bancorp Stock Down 1.6 %
BCB Bancorp stock traded down $0.18 during mid-day trading on Monday, reaching $10.66. The stock had a trading volume of 27,844 shares, compared to its average volume of 60,227. BCB Bancorp has a one year low of $9.19 and a one year high of $14.04. The company has a 50-day moving average price of $12.06 and a two-hundred day moving average price of $12.19. The company has a market capitalization of $181.67 million, a price-to-earnings ratio of 10.85 and a beta of 0.60. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.23 and a quick ratio of 1.23.
BCB Bancorp (NASDAQ:BCBP – Get Free Report) last issued its earnings results on Tuesday, January 28th. The bank reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.13). BCB Bancorp had a return on equity of 6.33% and a net margin of 9.46%. On average, analysts expect that BCB Bancorp will post 1.38 EPS for the current fiscal year.
BCB Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Friday, February 7th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date of this dividend is Friday, February 7th. BCB Bancorp’s payout ratio is 65.31%.
BCB Bancorp Company Profile
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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