Thomas Keating Purchases 800 Shares of BCB Bancorp, Inc. (BCBP) Stock

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BCB Bancorp, Inc. (NASDAQ:BCBP) CFO Thomas Keating acquired 800 shares of the firm’s stock in a transaction dated Wednesday, September 19th. The shares were acquired at an average price of $14.20 per share, with a total value of $11,360.00. Following the acquisition, the chief financial officer now owns 2,000 shares in the company, valued at approximately $28,400. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

BCBP traded down $0.50 during midday trading on Friday, hitting $13.01. 30,257 shares of the company were exchanged, compared to its average volume of 22,528. The company has a market capitalization of $218.59 million, a P/E ratio of 14.14, a P/E/G ratio of 1.36 and a beta of 0.48. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.16 and a current ratio of 1.16. BCB Bancorp, Inc. has a 1-year low of $12.92 and a 1-year high of $16.10.

BCB Bancorp (NASDAQ:BCBP) last announced its quarterly earnings results on Monday, July 30th. The bank reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.02). The company had revenue of $21.55 million for the quarter, compared to analyst estimates of $20.27 million. BCB Bancorp had a return on equity of 9.18% and a net margin of 12.13%. Analysts forecast that BCB Bancorp, Inc. will post 1.02 EPS for the current year.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of BCB Bancorp by 21.0% during the 2nd quarter. BlackRock Inc. now owns 717,441 shares of the bank’s stock valued at $10,762,000 after acquiring an additional 124,568 shares during the period. Dimensional Fund Advisors LP grew its position in shares of BCB Bancorp by 13.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 413,270 shares of the bank’s stock valued at $6,199,000 after acquiring an additional 48,886 shares during the period. Renaissance Technologies LLC grew its position in shares of BCB Bancorp by 19.1% during the 2nd quarter. Renaissance Technologies LLC now owns 362,116 shares of the bank’s stock valued at $5,432,000 after acquiring an additional 57,985 shares during the period. Northern Trust Corp grew its position in shares of BCB Bancorp by 6.9% during the 2nd quarter. Northern Trust Corp now owns 152,247 shares of the bank’s stock valued at $2,284,000 after acquiring an additional 9,876 shares during the period. Finally, Acadian Asset Management LLC grew its position in shares of BCB Bancorp by 45.6% during the 2nd quarter. Acadian Asset Management LLC now owns 58,953 shares of the bank’s stock valued at $884,000 after acquiring an additional 18,451 shares during the period. Hedge funds and other institutional investors own 30.85% of the company’s stock.

Several analysts have recently commented on the company. ValuEngine lowered BCB Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Zacks Investment Research lowered BCB Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $17.00 price objective on shares of BCB Bancorp in a report on Friday, July 13th.

BCB Bancorp Company Profile

BCB Bancorp, Inc operates as the holding company for BCB Community Bank, a state chartered commercial bank that provides banking products and services to businesses and individuals in the United States. The company offers deposit products, including savings and club accounts, demand and NOW accounts, interest and non-interest bearing demand accounts, money market accounts, certificates of deposit, individual retirement accounts, and term certificate accounts.

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