BCB Bancorp (NASDAQ:BCBP) Price Target Cut to $13.75 by Analysts at Keefe, Bruyette & Woods

BCB Bancorp (NASDAQ:BCBP) had its price objective cut by Keefe, Bruyette & Woods from $15.00 to $13.75 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a market perform rating on the bank’s stock.

Separately, Piper Sandler decreased their target price on shares of BCB Bancorp from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday.

BCB Bancorp Price Performance

BCB Bancorp stock opened at $10.62 on Thursday. The firm has a market capitalization of $181.07 million, a P/E ratio of 10.84 and a beta of 0.61. BCB Bancorp has a one year low of $9.19 and a one year high of $14.04. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.23 and a quick ratio of 1.23. The business has a fifty day moving average price of $12.11 and a 200-day moving average price of $12.19.

BCB Bancorp (NASDAQ:BCBP) last issued its earnings results on Tuesday, January 28th. The bank reported $0.16 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%. As a group, equities research analysts forecast that BCB Bancorp will post 1.46 EPS for the current year.

BCB Bancorp Dividend Announcement

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 paid a $0.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.64 dividend on an annualized basis and a yield of 6.03%. BCB Bancorp’s dividend payout ratio is currently 65.31%.

Insider Activity

In other BCB Bancorp news, COO Ryan Blake sold 8,677 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $13.06, for a total transaction of $113,321.62. Following the sale, the chief operating officer now owns 39,362 shares in the company, valued at $514,067.72. This trade represents a 18.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 15.86% of the company’s stock.

Hedge Funds Weigh In On BCB Bancorp

A number of large investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in 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 buying an additional 7,631 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of BCB Bancorp in the 3rd quarter worth approximately $1,450,000. Empowered Funds LLC boosted its stake in shares of BCB Bancorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 73,121 shares of the bank’s stock valued at $902,000 after purchasing an additional 3,618 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of BCB Bancorp by 345.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 59,707 shares of the bank’s stock valued at $737,000 after purchasing an additional 46,302 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new position in BCB Bancorp in the 2nd quarter worth $334,000. 36.00% of the stock is owned by hedge funds and other institutional investors.

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.