Charles Schwab Investment Management Inc. Purchases 2,631 Shares of BCB Bancorp, Inc. (NASDAQ:BCBP)

Charles Schwab Investment Management Inc. raised its position in shares of BCB Bancorp, Inc. (NASDAQ:BCBP) by 6.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,673 shares of the bank’s stock after buying an additional 2,631 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.26% of BCB Bancorp worth $517,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Jane Street Group LLC grew its holdings in shares of BCB Bancorp by 5.1% in the third quarter. Jane Street Group LLC now owns 15,669 shares of the bank’s stock valued at $193,000 after purchasing an additional 767 shares in the last quarter. Barclays PLC grew its stake in shares of BCB Bancorp by 235.3% in the 3rd quarter. Barclays PLC now owns 22,375 shares of the bank’s stock worth $277,000 after buying an additional 15,702 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of BCB Bancorp by 345.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,707 shares of the bank’s stock worth $737,000 after buying an additional 46,302 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of BCB Bancorp by 9.8% in the 4th quarter. Bank of New York Mellon Corp now owns 82,148 shares of the bank’s stock worth $973,000 after buying an additional 7,348 shares during the last quarter. Finally, Geode Capital Management LLC raised its position 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 valued at $4,534,000 after buying an additional 7,631 shares in the last quarter. Institutional investors own 36.00% of the company’s stock.

BCB Bancorp Price Performance

BCB Bancorp stock opened at $9.86 on Tuesday. 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 firm has a 50-day moving average price of $10.38 and a 200-day moving average price of $11.66. The firm has a market capitalization of $169.23 million, a PE ratio of 10.06 and a beta of 0.56.

BCB Bancorp (NASDAQ:BCBP) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.13). BCB Bancorp had a return on equity of 6.33% and a net margin of 9.46%. As a group, equities research analysts forecast that BCB Bancorp, Inc. will post 1.24 EPS for the current year.

BCB Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Friday, February 7th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date of this dividend was Friday, February 7th. BCB Bancorp’s payout ratio is currently 65.31%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on BCBP shares. Keefe, Bruyette & Woods reduced their price objective on BCB Bancorp from $15.00 to $13.75 and set a “market perform” rating on the stock in a research note on Thursday, January 30th. Piper Sandler cut their target price on BCB Bancorp from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th.

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.