Geode Capital Management LLC Has $4.53 Million Stock Position in BCB Bancorp, Inc. (NASDAQ:BCBP)

Geode Capital Management LLC raised its holdings in BCB Bancorp, Inc. (NASDAQ:BCBP) by 2.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 367,403 shares of the bank’s stock after purchasing an additional 7,631 shares during the period. Geode Capital Management LLC owned approximately 2.15% of BCB Bancorp worth $4,534,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new stake in BCB Bancorp during the second quarter worth approximately $119,000. AQR Capital Management LLC bought a new position in shares of BCB Bancorp in the second quarter worth $334,000. CWM LLC increased its position in shares of BCB Bancorp by 105.3% in the third quarter. CWM LLC now owns 5,116 shares of the bank’s stock worth $63,000 after purchasing an additional 2,624 shares during the period. Empowered Funds LLC grew its stake in BCB Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 73,121 shares of the bank’s stock worth $902,000 after buying an additional 3,618 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new position in BCB Bancorp in the 3rd quarter valued at about $1,450,000. Institutional investors own 36.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at BCB Bancorp

In other news, COO Ryan Blake sold 8,677 shares of the firm’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 transaction, the chief operating officer now owns 39,362 shares of the company’s stock, valued at approximately $514,067.72. This trade represents a 18.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 15.86% of the company’s stock.

BCB Bancorp Stock Up 1.0 %

BCBP stock opened at $11.62 on Monday. The firm has a 50-day moving average price of $12.60 and a 200-day moving average price of $12.07. BCB Bancorp, Inc. has a 12 month low of $9.19 and a 12 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 market capitalization of $198.10 million, a P/E ratio of 9.93 and a beta of 0.61.

BCB Bancorp (NASDAQ:BCBP) last posted its earnings results on Friday, October 18th. The bank reported $0.36 earnings per share 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 analysts’ expectations of $25.29 million. BCB Bancorp had a net margin of 10.59% and a return on equity of 7.31%. As a group, equities research analysts anticipate that BCB Bancorp, Inc. will post 1.27 EPS for the current fiscal year.

BCB Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.16 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.64 annualized dividend and a yield of 5.51%. BCB Bancorp’s dividend payout ratio is presently 54.70%.

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.