AQR Capital Management LLC Purchases Shares of 31,385 BCB Bancorp, Inc. (NASDAQ:BCBP)

AQR Capital Management LLC purchased a new stake in shares of BCB Bancorp, Inc. (NASDAQ:BCBP) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 31,385 shares of the bank’s stock, valued at approximately $334,000. AQR Capital Management LLC owned about 0.19% of BCB Bancorp as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Quadrature Capital Ltd acquired a new stake in shares of BCB Bancorp in the fourth quarter worth $178,000. BNP Paribas Financial Markets grew its stake 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 acquiring an additional 3,460 shares during the last quarter. Empowered Funds LLC grew its stake in shares of BCB Bancorp by 8.1% in the first quarter. Empowered Funds LLC now owns 64,643 shares of the bank’s stock worth $676,000 after acquiring an additional 4,867 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of BCB Bancorp by 3.3% in the first quarter. Vanguard Group Inc. now owns 775,070 shares of the bank’s stock worth $8,099,000 after acquiring an additional 25,064 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of BCB Bancorp by 51.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 53,760 shares of the bank’s stock worth $562,000 after acquiring an additional 18,327 shares during the last quarter. Institutional investors and hedge funds own 36.00% of the company’s stock.

Analyst Ratings Changes

BCBP has been the topic of several research analyst reports. Piper Sandler raised their price objective on shares of BCB Bancorp from $11.50 to $14.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods raised 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 note on Tuesday, July 23rd.

BCB Bancorp Stock Up 2.7 %

Shares of BCBP stock opened at $13.08 on Thursday. The stock has a market cap of $221.80 million, a P/E ratio of 8.38 and a beta of 0.57. BCB Bancorp, Inc. has a one year low of $9.19 and a one year high of $13.90. The stock has a fifty day moving average price of $12.09 and a 200 day moving average price of $11.03. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.21 and a quick ratio of 1.19.

BCB Bancorp (NASDAQ:BCBP) last issued its earnings results on Friday, July 19th. The bank reported $0.14 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.16). The firm had revenue of $20.41 million during the quarter, compared to the consensus estimate of $24.65 million. BCB Bancorp had a return on equity of 7.42% and a net margin of 10.67%. Analysts predict that BCB Bancorp, Inc. will post 1.32 earnings per share for the current year.

BCB Bancorp 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.