BCB Bancorp (NASDAQ:BCBP – Free Report) had its price target boosted by Keefe, Bruyette & Woods from $12.00 to $13.00 in a report issued on Tuesday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank’s stock.
BCB Bancorp Trading Up 0.2 %
Shares of BCBP stock opened at $12.68 on Tuesday. BCB Bancorp has a 1 year low of $9.19 and a 1 year high of $13.90. The firm’s fifty day simple moving average is $10.57 and its 200 day simple moving average is $10.73. The firm has a market capitalization of $215.05 million, a P/E ratio of 8.13 and a beta of 0.58. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.75.
BCB Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 2nd will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, August 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 5.05%. BCB Bancorp’s dividend payout ratio is currently 41.03%.
Insider Activity
Institutional Investors Weigh In On BCB Bancorp
Several hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in BCB Bancorp in the fourth quarter valued at about $106,000. Strs Ohio grew its holdings in shares of BCB Bancorp by 13.0% during the fourth quarter. Strs Ohio now owns 43,600 shares of the bank’s stock worth $560,000 after purchasing an additional 5,000 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of BCB Bancorp by 91.1% during the fourth quarter. New York State Common Retirement Fund now owns 2,727 shares of the bank’s stock worth $35,000 after purchasing an additional 1,300 shares during the last quarter. LSV Asset Management grew its holdings in shares of BCB Bancorp by 21.0% during the fourth quarter. LSV Asset Management now owns 177,191 shares of the bank’s stock worth $2,277,000 after purchasing an additional 30,800 shares during the last quarter. Finally, RMR Wealth Builders bought a new stake in shares of BCB Bancorp during the fourth quarter worth about $164,000. Institutional investors and hedge funds own 36.00% of the company’s stock.
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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