BCB Bancorp, Inc. (NASDAQ:BCBP) Shares Purchased by Barclays PLC

Barclays PLC raised its stake in BCB Bancorp, Inc. (NASDAQ:BCBP) by 235.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,375 shares of the bank’s stock after buying an additional 15,702 shares during the period. Barclays PLC owned approximately 0.13% of BCB Bancorp worth $277,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC raised its holdings in BCB Bancorp by 2.1% during the third quarter. Geode Capital Management LLC now owns 367,403 shares of the bank’s stock worth $4,534,000 after purchasing an additional 7,631 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of BCB Bancorp during the 3rd quarter worth $1,450,000. Empowered Funds LLC raised its stake in shares of BCB Bancorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 73,121 shares of the bank’s stock worth $902,000 after buying an additional 3,618 shares during the last quarter. AQR Capital Management LLC acquired a new stake in BCB Bancorp in the 2nd quarter valued at about $334,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in BCB Bancorp during the 3rd quarter valued at about $356,000. 36.00% of the stock is currently owned by institutional investors and hedge funds.

BCB Bancorp Stock Performance

NASDAQ BCBP opened at $11.61 on Tuesday. 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 $12.37 and a 200-day moving average of $12.16. The stock has a market cap of $197.95 million, a price-to-earnings ratio of 9.92 and a beta of 0.61.

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, COO Ryan Blake sold 8,677 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer now owns 39,362 shares of the company’s stock, valued at approximately $514,067.72. This represents a 18.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 28.70% of the stock is owned by corporate insiders.

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.