BNP Paribas Financial Markets Lowers Holdings in BCB Bancorp, Inc. (NASDAQ:BCBP)

BNP Paribas Financial Markets trimmed its stake in BCB Bancorp, Inc. (NASDAQ:BCBP) by 51.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,272 shares of the bank’s stock after selling 21,543 shares during the quarter. BNP Paribas Financial Markets owned 0.12% of BCB Bancorp worth $250,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of BCBP. CWM LLC grew its holdings 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 valued at $26,000 after buying an additional 2,305 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in BCB Bancorp during the 2nd quarter valued at $119,000. AQR Capital Management LLC bought a new stake in shares of BCB Bancorp in the 2nd quarter worth $334,000. Empowered Funds LLC raised its stake in shares of BCB Bancorp by 5.2% in the third quarter. Empowered Funds LLC now owns 73,121 shares of the bank’s stock worth $902,000 after purchasing an additional 3,618 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new position in shares of BCB Bancorp during the third quarter valued at $1,450,000. 36.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their price objective on BCB Bancorp from $13.25 to $13.50 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd.

BCB Bancorp Trading Up 3.9 %

Shares of BCBP stock opened at $12.91 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.79. BCB Bancorp, Inc. has a 12-month low of $9.19 and a 12-month high of $14.04. The stock has a market capitalization of $220.12 million, a P/E ratio of 11.03 and a beta of 0.59. The firm’s 50 day moving average is $12.73 and its 200 day moving average is $11.87.

BCB Bancorp (NASDAQ:BCBP) last released its quarterly earnings results on Friday, October 18th. The bank reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The firm had revenue of $51.75 million for the quarter, compared to the consensus estimate of $25.29 million. BCB Bancorp had a return on equity of 7.31% and a net margin of 10.59%. Research analysts expect that BCB Bancorp, Inc. will post 1.27 earnings per share for the current year.

BCB Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 4.96%. The ex-dividend date was Friday, November 1st. BCB Bancorp’s payout ratio is currently 54.70%.

Insider Transactions at BCB Bancorp

In other news, COO Ryan Blake sold 8,677 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $13.06, for a total transaction of $113,321.62. Following the completion of the sale, the chief operating officer now owns 39,362 shares of the company’s stock, valued at $514,067.72. The trade was a 18.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 15.86% of the company’s stock.

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.