Thrivent Financial for Lutherans Decreases Stock Position in BCB Bancorp, Inc. (NASDAQ:BCBP)

Thrivent Financial for Lutherans lessened its position in shares of BCB Bancorp, Inc. (NASDAQ:BCBP) by 4.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,677 shares of the bank’s stock after selling 2,166 shares during the period. Thrivent Financial for Lutherans owned 0.30% of BCB Bancorp worth $539,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in BCB Bancorp during the 2nd quarter worth about $119,000. CWM LLC lifted its holdings in shares of BCB Bancorp by 1,232.6% in the second quarter. CWM LLC now owns 2,492 shares of the bank’s stock worth $26,000 after buying an additional 2,305 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of BCB Bancorp by 51.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 53,760 shares of the bank’s stock valued at $562,000 after acquiring an additional 18,327 shares during the period. Quadrature Capital Ltd grew its stake in BCB Bancorp by 25.1% during the first quarter. Quadrature Capital Ltd now owns 17,348 shares of the bank’s stock valued at $181,000 after acquiring an additional 3,483 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in BCB Bancorp by 3.3% during the first quarter. Vanguard Group Inc. now owns 775,070 shares of the bank’s stock valued at $8,099,000 after acquiring an additional 25,064 shares in the last quarter. Institutional investors own 36.00% of the company’s stock.

BCB Bancorp Price Performance

Shares of BCB Bancorp stock opened at $11.95 on Wednesday. The firm has a market capitalization of $202.64 million, a PE ratio of 7.66 and a beta of 0.57. BCB Bancorp, Inc. has a 12 month low of $9.19 and a 12 month high of $13.90. The business’s 50-day moving average price is $11.99 and its 200-day moving average price is $10.94. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 1.75.

BCB Bancorp (NASDAQ:BCBP) last released its quarterly earnings results on Friday, July 19th. The bank reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.16). BCB Bancorp had a net margin of 10.67% and a return on equity of 7.42%. The business had revenue of $20.41 million for the quarter, compared to the consensus estimate of $24.65 million. Sell-side analysts forecast that BCB Bancorp, Inc. will post 1.32 EPS for the current fiscal year.

BCB Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were given a $0.16 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $0.64 annualized dividend and a dividend yield of 5.36%. BCB Bancorp’s dividend payout ratio is 41.03%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Piper Sandler raised their price target on shares of BCB Bancorp from $11.50 to $14.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods boosted their price objective on BCB Bancorp from $12.00 to $13.00 and gave the stock a “market perform” rating in a report on Tuesday, July 23rd.

About BCB Bancorp

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.