BCB Bancorp, Inc. (NASDAQ:BCBP) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in BCB Bancorp, Inc. (NASDAQ:BCBP) by 9.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 82,148 shares of the bank’s stock after acquiring an additional 7,348 shares during the quarter. Bank of New York Mellon Corp’s holdings in BCB Bancorp were worth $973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of BCB Bancorp by 2.1% in the third quarter. Geode Capital Management LLC now owns 367,403 shares of the bank’s stock worth $4,534,000 after acquiring an additional 7,631 shares during the period. JPMorgan Chase & Co. increased its stake in shares of BCB Bancorp by 345.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,707 shares of the bank’s stock valued at $737,000 after purchasing an additional 46,302 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in BCB Bancorp in the 3rd quarter worth about $356,000. Barclays PLC boosted its position in BCB Bancorp by 235.3% during the third quarter. Barclays PLC now owns 22,375 shares of the bank’s stock worth $277,000 after purchasing an additional 15,702 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in BCB Bancorp by 5.1% in the third quarter. Jane Street Group LLC now owns 15,669 shares of the bank’s stock valued at $193,000 after purchasing an additional 767 shares during the period. 36.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BCBP has been the subject of several research analyst reports. Piper Sandler reduced their target price on BCB Bancorp from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Keefe, Bruyette & Woods decreased their price objective on shares of BCB Bancorp from $15.00 to $13.75 and set a “market perform” rating on the stock in a report on Thursday, January 30th.

BCB Bancorp Price Performance

NASDAQ:BCBP opened at $10.08 on Wednesday. The stock has a 50 day moving average of $10.51 and a two-hundred day moving average of $11.71. BCB Bancorp, Inc. has a 12 month low of $9.19 and a 12 month high of $14.04. The firm has a market cap of $173.00 million, a P/E ratio of 10.29 and a beta of 0.56. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.79.

BCB Bancorp (NASDAQ:BCBP) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $0.16 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.13). BCB Bancorp had a return on equity of 6.33% and a net margin of 9.46%. On average, analysts expect that BCB Bancorp, Inc. will post 1.24 earnings per share for the current fiscal year.

BCB Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Friday, February 7th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 6.35%. The ex-dividend date was Friday, February 7th. BCB Bancorp’s dividend payout ratio is currently 65.31%.

BCB Bancorp 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.