BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP – Get Free Report) CEO Thomas Obrien acquired 160,000 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The stock was purchased at an average price of $7.75 per share, for a total transaction of $1,240,000.00. Following the acquisition, the chief executive officer directly owned 869,220 shares of the company’s stock, valued at $6,736,455. The trade was a 22.56% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.
BCB Bancorp, Inc. (NJ) Stock Down 0.7%
NASDAQ BCBP traded down $0.06 during trading on Tuesday, reaching $8.64. The company’s stock had a trading volume of 437,415 shares, compared to its average volume of 151,114. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $156.33 million, a PE ratio of -7.85 and a beta of 0.69. BCB Bancorp, Inc. has a 1-year low of $7.31 and a 1-year high of $11.71. The business has a 50-day moving average price of $9.17 and a 200-day moving average price of $9.58.
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP – Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The bank reported ($0.85) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $22.88 million for the quarter, compared to the consensus estimate of $25.55 million. On average, research analysts forecast that BCB Bancorp, Inc. will post -0.48 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on BCBP
Hedge Funds Weigh In On BCB Bancorp, Inc. (NJ)
Hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC grew its stake in BCB Bancorp, Inc. (NJ) by 5.5% in the first quarter. Renaissance Technologies LLC now owns 345,194 shares of the bank’s stock valued at $3,100,000 after purchasing an additional 18,000 shares in the last quarter. Quantinno Capital Management LP raised its stake in shares of BCB Bancorp, Inc. (NJ) by 69.3% during the 1st quarter. Quantinno Capital Management LP now owns 141,904 shares of the bank’s stock worth $1,274,000 after purchasing an additional 58,110 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of BCB Bancorp, Inc. (NJ) by 67.6% in the 1st quarter. Empowered Funds LLC now owns 79,006 shares of the bank’s stock valued at $709,000 after buying an additional 31,880 shares during the last quarter. Root Financial Partners LLC boosted its holdings in shares of BCB Bancorp, Inc. (NJ) by 14.7% in the 4th quarter. Root Financial Partners LLC now owns 82,000 shares of the bank’s stock valued at $662,000 after buying an additional 10,500 shares during the last quarter. Finally, Strs Ohio grew its stake in shares of BCB Bancorp, Inc. (NJ) by 3.3% in the first quarter. Strs Ohio now owns 66,500 shares of the bank’s stock valued at $597,000 after buying an additional 2,100 shares in the last quarter. Institutional investors own 36.00% of the company’s stock.
BCB Bancorp, Inc. (NJ) Company Profile
BCB Bancorp, Inc is the holding company for BCB Community Bank, a community-focused banking institution headquartered in Bayonne, New Jersey. Through its banking subsidiary, the company provides deposit, lending and other financial services to individuals, families and businesses.
BCB Community Bank offers checking, savings, money market and certificate of deposit accounts, along with residential and commercial real estate loans, construction financing, commercial and industrial loans, consumer loans and home equity products.
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