BCB Bancorp (NASDAQ:BCBP) Price Target Raised to $13.00

BCB Bancorp (NASDAQ:BCBP) had its price target upped by Keefe, Bruyette & Woods from $12.00 to $13.00 in a research report released on Tuesday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank’s stock.

BCB Bancorp Price Performance

BCBP opened at $12.65 on Tuesday. BCB Bancorp has a twelve month low of $9.19 and a twelve month high of $13.90. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.75. The firm has a market cap of $214.54 million, a price-to-earnings ratio of 8.11 and a beta of 0.58. The company has a fifty day simple moving average of $10.54 and a 200 day simple moving average of $10.73.

BCB Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 2nd will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, August 2nd. This represents a $0.64 annualized dividend and a yield of 5.06%. BCB Bancorp’s dividend payout ratio is presently 41.03%.

Insider Activity

In related news, Director Tara L. French purchased 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was acquired at an average price of $10.70 per share, for a total transaction of $26,750.00. Following the completion of the purchase, the director now owns 2,500 shares in the company, valued at $26,750. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Mark D. Hogan bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was bought at an average price of $9.90 per share, for a total transaction of $49,500.00. Following the transaction, the director now owns 83,352 shares in the company, valued at $825,184.80. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Tara L. French purchased 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were purchased at an average cost of $10.70 per share, for a total transaction of $26,750.00. Following the completion of the transaction, the director now owns 2,500 shares in the company, valued at approximately $26,750. The disclosure for this purchase can be found here. In the last three months, insiders acquired 16,422 shares of company stock worth $163,776. 15.86% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BCB Bancorp

A number of hedge funds have recently added to or reduced their stakes in BCBP. CWM LLC raised its holdings in shares of BCB Bancorp by 1,232.6% during the second quarter. CWM LLC now owns 2,492 shares of the bank’s stock worth $26,000 after purchasing an additional 2,305 shares during the period. New York State Common Retirement Fund raised its stake in BCB Bancorp by 91.1% during the fourth quarter. New York State Common Retirement Fund now owns 2,727 shares of the bank’s stock worth $35,000 after acquiring an additional 1,300 shares during the period. BNP Paribas Financial Markets lifted its holdings in BCB Bancorp by 92.5% in the first quarter. BNP Paribas Financial Markets now owns 7,201 shares of the bank’s stock worth $75,000 after acquiring an additional 3,460 shares during the last quarter. SG Americas Securities LLC acquired a new position in BCB Bancorp in the fourth quarter valued at approximately $106,000. Finally, RMR Wealth Builders acquired a new position in BCB Bancorp in the fourth quarter valued at approximately $164,000. Institutional investors and hedge funds own 36.00% of the company’s stock.

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.