Quantinno Capital Management LP Increases Stock Holdings in BCB Bancorp, Inc. (NJ) $BCBP

Quantinno Capital Management LP raised its position in BCB Bancorp, Inc. (NJ) (NASDAQ:BCBPFree Report) by 69.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 141,904 shares of the bank’s stock after acquiring an additional 58,110 shares during the quarter. Quantinno Capital Management LP’s holdings in BCB Bancorp, Inc. (NJ) were worth $1,274,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of BCBP. PNC Financial Services Group Inc. lifted its position in shares of BCB Bancorp, Inc. (NJ) by 247.0% during the first quarter. PNC Financial Services Group Inc. now owns 4,105 shares of the bank’s stock worth $37,000 after purchasing an additional 2,922 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of BCB Bancorp, Inc. (NJ) by 174.3% in the third quarter. Russell Investments Group Ltd. now owns 4,200 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,669 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of BCB Bancorp, Inc. (NJ) by 76.8% in the third quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank’s stock valued at $47,000 after purchasing an additional 2,352 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of BCB Bancorp, Inc. (NJ) by 31.8% in the third quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank’s stock valued at $54,000 after purchasing an additional 1,497 shares in the last quarter. Finally, Mariner LLC purchased a new stake in BCB Bancorp, Inc. (NJ) during the 4th quarter worth approximately $82,000. 36.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at BCB Bancorp, Inc. (NJ)

In other news, Director Gerald Werdann purchased 4,400 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was bought at an average price of $11.28 per share, for a total transaction of $49,632.00. Following the completion of the purchase, the director directly owned 12,122 shares of the company’s stock, valued at $136,736.16. The trade was a 56.98% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BCBP has been the topic of a number of research reports. Wall Street Zen lowered shares of BCB Bancorp, Inc. (NJ) from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Piper Sandler boosted their price target on shares of BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 22nd. Finally, Weiss Ratings lowered BCB Bancorp, Inc. (NJ) from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $10.00.

View Our Latest Stock Analysis on BCB Bancorp, Inc. (NJ)

BCB Bancorp, Inc. (NJ) Price Performance

BCBP stock opened at $9.00 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.07 and a quick ratio of 1.11. The firm has a market capitalization of $162.92 million, a P/E ratio of -8.18 and a beta of 0.71. The business’s 50-day moving average is $10.22 and its two-hundred day moving average is $9.49. BCB Bancorp, Inc. has a 1 year low of $7.31 and a 1 year high of $11.71.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBPGet Free Report) last announced its quarterly earnings data on Monday, August 3rd. The bank reported ($0.85) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($1.10). BCB Bancorp, Inc. (NJ) had a negative net margin of 10.21% and a negative return on equity of 6.29%. The company had revenue of $22.88 million during the quarter, compared to analysts’ expectations of $25.55 million. Analysts anticipate that BCB Bancorp, Inc. will post -0.48 earnings per share for the current fiscal year.

About BCB Bancorp, Inc. (NJ)

(Free Report)

BCB Bancorp, Inc is a bank holding company incorporated in New Jersey and traded on the NASDAQ under the symbol BCBP. Its primary subsidiary, Bergen Commercial Bank, operates as a full-service community bank focused on serving the financial needs of individuals and businesses in the New York metropolitan area. Headquartered in Clifton, New Jersey, the company has built its reputation on personalized banking relationships and local decision-making.

BCB Bancorp offers a comprehensive suite of deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit.

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Institutional Ownership by Quarter for BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP)

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