James G. Rizzo Acquires 1,419 Shares of BCB Bancorp, Inc. (NASDAQ:BCBP) Stock

BCB Bancorp, Inc. (NASDAQ:BCBP) Director James G. Rizzo purchased 1,419 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were acquired at an average price of $13.02 per share, with a total value of $18,475.38. Following the purchase, the director now owns 48,500 shares in the company, valued at $631,470. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

NASDAQ:BCBP traded down $0.06 during trading hours on Thursday, reaching $12.89. 782 shares of the company’s stock were exchanged, compared to its average volume of 20,018. The firm has a market capitalization of $213.99 million, a price-to-earnings ratio of 12.74, a P/E/G ratio of 1.09 and a beta of 0.77. The company has a 50-day moving average of $12.36 and a 200 day moving average of $12.76. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.52. BCB Bancorp, Inc. has a 1-year low of $10.12 and a 1-year high of $14.96.

BCB Bancorp (NASDAQ:BCBP) last issued its quarterly earnings results on Friday, July 19th. The bank reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. The firm had revenue of $22.19 million during the quarter, compared to analysts’ expectations of $22.73 million. BCB Bancorp had a net margin of 16.31% and a return on equity of 11.06%. Research analysts forecast that BCB Bancorp, Inc. will post 1.19 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.56 dividend on an annualized basis and a yield of 4.34%. BCB Bancorp’s payout ratio is currently 55.45%.

Separately, Zacks Investment Research upgraded shares of BCB Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Monday, July 29th.

A number of institutional investors have recently made changes to their positions in BCBP. Bank of America Corp DE raised its position in BCB Bancorp by 86.6% during the 4th quarter. Bank of America Corp DE now owns 27,106 shares of the bank’s stock worth $285,000 after buying an additional 12,579 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in BCB Bancorp by 405.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,918 shares of the bank’s stock worth $39,000 after buying an additional 2,341 shares during the last quarter. SG Americas Securities LLC purchased a new position in BCB Bancorp during the 1st quarter worth $111,000. Martingale Asset Management L P raised its position in BCB Bancorp by 44.3% during the 1st quarter. Martingale Asset Management L P now owns 54,106 shares of the bank’s stock worth $726,000 after buying an additional 16,600 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in BCB Bancorp by 43.0% during the 1st quarter. Acadian Asset Management LLC now owns 89,112 shares of the bank’s stock worth $1,194,000 after buying an additional 26,804 shares during the last quarter. Institutional investors own 28.71% of the company’s stock.

BCB Bancorp Company Profile

BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank, a state-chartered commercial bank that provides banking products and services to businesses and individuals in the United States. The company offers deposit products, including interest and non-interest bearing demand, NOW, savings and club, money market, term certificate, interest bearing checking, and individual retirement accounts.

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