BCB Bancorp, Inc. (NASDAQ:BCBP) Short Interest Down 6.3% in October

BCB Bancorp, Inc. (NASDAQ:BCBP) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 81,500 shares, a decrease of 6.3% from the September 30th total of 87,000 shares. Based on an average daily volume of 46,100 shares, the short-interest ratio is currently 1.8 days. Approximately 0.6% of the shares of the company are short sold.

BCB Bancorp Price Performance

Shares of NASDAQ:BCBP opened at $11.87 on Friday. The stock has a market cap of $202.13 million, a price-to-earnings ratio of 10.15 and a beta of 0.57. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.21 and a quick ratio of 1.19. BCB Bancorp has a 12 month low of $9.19 and a 12 month high of $13.90. The stock’s 50 day moving average price is $12.24 and its 200 day moving average price is $11.21.

BCB Bancorp (NASDAQ:BCBP) last announced its quarterly earnings data on Friday, October 18th. The bank reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. The business had revenue of $51.75 million during the quarter, compared to analyst estimates of $25.29 million. BCB Bancorp had a return on equity of 7.35% and a net margin of 10.59%. Equities research analysts anticipate that BCB Bancorp will post 1.27 earnings per share for the current fiscal year.

BCB Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.16 dividend. The ex-dividend date is Friday, November 1st. This represents a $0.64 annualized dividend and a dividend yield of 5.39%. BCB Bancorp’s dividend payout ratio is currently 54.70%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BCBP. Piper Sandler increased their price objective on BCB Bancorp from $11.50 to $14.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods lifted their price objective on shares of BCB Bancorp from $13.25 to $13.50 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd.

Institutional Trading of BCB Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC grew its position in 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 during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of BCB Bancorp by 92.5% during the 1st 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 in the last quarter. Quadrature Capital Ltd grew its holdings in shares of BCB Bancorp by 25.1% in the 1st quarter. Quadrature Capital Ltd now owns 17,348 shares of the bank’s stock worth $181,000 after acquiring an additional 3,483 shares during the last quarter. Empowered Funds LLC raised its position in shares of BCB Bancorp by 8.1% during the first quarter. Empowered Funds LLC now owns 64,643 shares of the bank’s stock worth $676,000 after purchasing an additional 4,867 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of BCB Bancorp during the second quarter valued at $119,000. 36.00% of the stock is currently owned by institutional investors.

BCB Bancorp Company Profile

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.