Charles Schwab Investment Management Inc. Sells 2,543 Shares of BCB Bancorp, Inc. (NASDAQ:BCBP)

Charles Schwab Investment Management Inc. cut its stake in shares of BCB Bancorp, Inc. (NASDAQ:BCBP) by 5.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,042 shares of the bank’s stock after selling 2,543 shares during the period. Charles Schwab Investment Management Inc. owned 0.24% of BCB Bancorp worth $506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of BCB Bancorp during the 3rd quarter valued at approximately $356,000. Segall Bryant & Hamill LLC bought a new position in BCB Bancorp during the third quarter valued at $1,450,000. 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 valued at $902,000 after acquiring an additional 3,618 shares during the period. CWM LLC lifted its holdings in shares of BCB Bancorp by 105.3% in the 3rd quarter. CWM LLC now owns 5,116 shares of the bank’s stock worth $63,000 after acquiring an additional 2,624 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new position in shares of BCB Bancorp during the 2nd quarter worth about $334,000. 36.00% of the stock is owned by institutional investors.

BCB Bancorp Stock Down 2.8 %

NASDAQ:BCBP opened at $11.73 on Friday. The company has a market cap of $199.97 million, a price-to-earnings ratio of 10.03 and a beta of 0.59. BCB Bancorp, Inc. has a twelve month low of $9.19 and a twelve month high of $14.04. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.79. The stock has a fifty day simple moving average of $12.74 and a 200-day simple moving average of $11.89.

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

BCB Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.46%. BCB Bancorp’s payout ratio is 54.70%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, COO Ryan Blake sold 8,677 shares of BCB Bancorp stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $13.06, for a total value of $113,321.62. Following the completion of the sale, the chief operating officer now directly owns 39,362 shares in the company, valued at $514,067.72. The trade was a 18.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 15.86% of the stock is owned by insiders.

BCB Bancorp Company 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.