BCB Bancorp, Inc. (NASDAQ:BCBP) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in shares of BCB Bancorp, Inc. (NASDAQ:BCBP) by 345.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,707 shares of the bank’s stock after acquiring an additional 46,302 shares during the period. JPMorgan Chase & Co. owned about 0.35% of BCB Bancorp worth $737,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Segall Bryant & Hamill LLC acquired a new stake in shares of BCB Bancorp during the 3rd quarter worth approximately $1,450,000. AQR Capital Management LLC acquired a new stake in BCB Bancorp during the second quarter valued at $334,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in BCB Bancorp in the third quarter valued at $356,000. Barclays PLC raised its position in shares of BCB Bancorp by 235.3% in the third quarter. Barclays PLC now owns 22,375 shares of the bank’s stock worth $277,000 after acquiring an additional 15,702 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of BCB Bancorp by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 367,403 shares of the bank’s stock worth $4,534,000 after acquiring an additional 7,631 shares in the last quarter. 36.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at BCB Bancorp

In other news, COO Ryan Blake sold 8,677 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $13.06, for a total value of $113,321.62. Following the transaction, the chief operating officer now owns 39,362 shares in the company, valued at $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 SEC, which is available through this link. Insiders own 15.86% of the company’s stock.

BCB Bancorp Price Performance

BCB Bancorp stock opened at $11.54 on Monday. The stock has a market capitalization of $196.76 million, a P/E ratio of 9.86 and a beta of 0.61. The company’s fifty day moving average price is $12.24 and its 200 day moving average price is $12.20. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.23 and a current ratio of 1.23. BCB Bancorp, Inc. has a 1 year low of $9.19 and a 1 year high of $14.04.

Analyst Ratings Changes

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

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.