Quadrature Capital Ltd Invests $178,000 in BCB Bancorp, Inc. (NASDAQ:BCBP)

Quadrature Capital Ltd acquired a new position in BCB Bancorp, Inc. (NASDAQ:BCBP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,865 shares of the bank’s stock, valued at approximately $178,000. Quadrature Capital Ltd owned about 0.08% of BCB Bancorp at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. New York State Common Retirement Fund lifted its stake 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. SG Americas Securities LLC acquired a new stake in shares of BCB Bancorp in the fourth quarter worth $106,000. RMR Wealth Builders acquired a new stake in shares of BCB Bancorp in the fourth quarter worth $164,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of BCB Bancorp in the third quarter worth $184,000. Finally, Strs Ohio lifted its stake in shares of BCB Bancorp by 13.0% in the fourth quarter. Strs Ohio now owns 43,600 shares of the bank’s stock worth $560,000 after buying an additional 5,000 shares during the last quarter. 36.00% of the stock is currently owned by institutional investors and hedge funds.

BCB Bancorp Price Performance

NASDAQ:BCBP opened at $10.24 on Friday. The stock has a market cap of $173.67 million, a P/E ratio of 6.56 and a beta of 0.61. BCB Bancorp, Inc. has a one year low of $9.19 and a one year high of $13.90. The company has a fifty day moving average price of $10.03 and a 200 day moving average price of $10.94. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.20 and a quick ratio of 1.20.

BCB Bancorp (NASDAQ:BCBP) last released its earnings results on Thursday, April 25th. The bank reported $0.32 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.04). The company had revenue of $51.39 million for the quarter, compared to analyst estimates of $26.87 million. BCB Bancorp had a net margin of 13.41% and a return on equity of 9.71%. Analysts anticipate that BCB Bancorp, Inc. will post 1.25 earnings per share for the current year.

BCB Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 3rd were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 6.25%. The ex-dividend date of this dividend was Thursday, May 2nd. BCB Bancorp’s dividend payout ratio (DPR) is presently 41.03%.

Insider Buying and Selling at BCB Bancorp

In other BCB Bancorp news, Director Mark D. Hogan purchased 5,000 shares of the stock in a transaction on Wednesday, May 29th. The shares were purchased at an average price of $9.90 per share, with a total value of $49,500.00. Following the acquisition, the director now directly owns 83,352 shares of the company’s stock, valued at approximately $825,184.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other BCB Bancorp news, Director Mark D. Hogan purchased 5,000 shares of the stock in a transaction on Wednesday, May 29th. The shares were purchased at an average price of $9.90 per share, with a total value of $49,500.00. Following the acquisition, the director now directly owns 83,352 shares of the company’s stock, valued at approximately $825,184.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Tara L. French purchased 2,500 shares of the stock in a transaction on Thursday, May 23rd. The stock was acquired at an average cost of $10.70 per share, for a total transaction of $26,750.00. Following the acquisition, the director now directly owns 2,500 shares in the company, valued at $26,750. The disclosure for this purchase can be found here. Insiders have acquired 16,422 shares of company stock valued at $163,776 in the last 90 days. 15.86% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods cut their target price on shares of BCB Bancorp from $14.00 to $12.00 and set a “market perform” rating for the company in a research note on Tuesday, April 23rd. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, BCB Bancorp currently has a consensus rating of “Hold” and an average target price of $12.75.

About BCB Bancorp

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.