BCB Bancorp, Inc. (NASDAQ:BCBP) Short Interest Down 14.8% in July

BCB Bancorp, Inc. (NASDAQ:BCBP) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 92,400 shares, a decrease of 14.8% from the June 30th total of 108,400 shares. Based on an average daily trading volume, of 49,000 shares, the short-interest ratio is presently 1.9 days. Currently, 0.6% of the shares of the stock are short sold.

Insider Buying and Selling

In other news, Director Mark D. Hogan bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was bought at an average price of $9.90 per share, with a total value of $49,500.00. Following the acquisition, the director now owns 83,352 shares of the company’s stock, valued at approximately $825,184.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Tara L. French acquired 2,500 shares of BCB Bancorp stock in a transaction that occurred on Thursday, May 23rd. The shares were bought at an average cost of $10.70 per share, with a total value of $26,750.00. Following the transaction, the director now directly owns 2,500 shares of the company’s stock, valued at approximately $26,750. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark D. Hogan acquired 5,000 shares of BCB Bancorp stock in a transaction that occurred on Wednesday, May 29th. The stock was purchased at an average cost of $9.90 per share, for a total transaction of $49,500.00. Following the completion of the transaction, the director now directly owns 83,352 shares in the company, valued at $825,184.80. The disclosure for this purchase can be found here. In the last quarter, insiders bought 17,422 shares of company stock valued at $176,676. Company insiders own 15.86% of the company’s stock.

Institutional Investors Weigh In On BCB Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC lifted its position in BCB Bancorp by 1,232.6% during the second quarter. CWM LLC now owns 2,492 shares of the bank’s stock valued at $26,000 after acquiring an additional 2,305 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of BCB Bancorp by 91.1% in the fourth quarter. New York State Common Retirement Fund now owns 2,727 shares of the bank’s stock worth $35,000 after buying an additional 1,300 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of BCB Bancorp by 92.5% in the first quarter. BNP Paribas Financial Markets now owns 7,201 shares of the bank’s stock worth $75,000 after buying an additional 3,460 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of BCB Bancorp in the fourth quarter worth $106,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of BCB Bancorp in the second quarter worth $119,000. Hedge funds and other institutional investors own 36.00% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on BCBP. Keefe, Bruyette & Woods increased their price objective on shares of BCB Bancorp from $12.00 to $13.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 23rd. Piper Sandler upped their target price on shares of BCB Bancorp from $11.50 to $14.00 and gave the stock a “neutral” rating in a research note on Monday. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $13.50.

BCB Bancorp Stock Up 0.2 %

Shares of NASDAQ BCBP traded up $0.02 during midday trading on Wednesday, reaching $12.68. 100,264 shares of the company’s stock traded hands, compared to its average volume of 50,186. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.75. The stock’s 50 day simple moving average is $10.70 and its 200-day simple moving average is $10.72. BCB Bancorp has a one year low of $9.19 and a one year high of $13.90. The company has a market cap of $215.05 million, a price-to-earnings ratio of 8.13 and a beta of 0.58.

BCB Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 2nd will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 5.05%. BCB Bancorp’s payout ratio is 41.03%.

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.