Connor Clark & Lunn Investment Management Ltd. Buys New Position in BCB Bancorp, Inc. (NASDAQ:BCBP)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of BCB Bancorp, Inc. (NASDAQ:BCBP) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 28,870 shares of the bank’s stock, valued at approximately $356,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.17% of BCB Bancorp as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. CWM LLC grew its position in shares of BCB Bancorp by 1,232.6% during the second quarter. CWM LLC now owns 2,492 shares of the bank’s stock worth $26,000 after acquiring an additional 2,305 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of BCB Bancorp in the 2nd quarter valued at about $119,000. Quadrature Capital Ltd lifted its position in shares of BCB Bancorp by 25.1% during the 1st quarter. Quadrature Capital Ltd now owns 17,348 shares of the bank’s stock valued at $181,000 after acquiring an additional 3,483 shares during the period. AQR Capital Management LLC acquired a new position in BCB Bancorp during the second quarter worth $334,000. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of BCB Bancorp by 51.7% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 53,760 shares of the bank’s stock worth $562,000 after buying an additional 18,327 shares during the last quarter. Institutional investors and hedge funds own 36.00% of the company’s stock.

BCB Bancorp Stock Performance

NASDAQ BCBP opened at $13.27 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.79. BCB Bancorp, Inc. has a fifty-two week low of $9.19 and a fifty-two week high of $14.04. The business has a fifty day moving average of $12.56 and a 200-day moving average of $11.66. The stock has a market cap of $226.23 million, a price-to-earnings ratio of 11.34 and a beta of 0.58.

BCB Bancorp (NASDAQ:BCBP) last announced its earnings results on Friday, October 18th. The bank reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. BCB Bancorp had a net margin of 10.59% and a return on equity of 7.31%. The firm had revenue of $51.75 million during the quarter, compared to the consensus estimate of $25.29 million. As a group, analysts predict that BCB Bancorp, Inc. will post 1.27 earnings per share for the current fiscal year.

BCB Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 4.82%. The ex-dividend date was Friday, November 1st. BCB Bancorp’s payout ratio is 54.70%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods increased their price target on shares of BCB Bancorp from $13.25 to $13.50 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd.

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.