BCB Bancorp, Inc. (NASDAQ:BCBP) Director Raymond Vanaria Acquires 1,000 Shares

BCB Bancorp, Inc. (NASDAQ:BCBP) Director Raymond Vanaria acquired 1,000 shares of BCB Bancorp stock in a transaction that occurred on Wednesday, July 31st. The stock was bought at an average cost of $12.90 per share, with a total value of $12,900.00. Following the acquisition, the director now directly owns 1,000 shares of the company’s stock, valued at $12,900. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

BCB Bancorp Price Performance

Shares of BCB Bancorp stock opened at $12.68 on Thursday. The company’s 50-day moving average price is $10.70 and its two-hundred day moving average price is $10.72. 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 stock has a market cap of $215.05 million, a PE ratio of 8.13 and a beta of 0.58. BCB Bancorp, Inc. has a 52 week low of $9.19 and a 52 week high of $13.90.

BCB Bancorp Announces Dividend

The business 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 of this dividend is Friday, August 2nd. This represents a $0.64 annualized dividend and a yield of 5.05%. BCB Bancorp’s payout ratio is presently 41.03%.

Institutional Trading of BCB Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in shares of BCB Bancorp in the 4th quarter valued at approximately $106,000. Strs Ohio boosted its position in BCB Bancorp by 13.0% during the fourth quarter. Strs Ohio now owns 43,600 shares of the bank’s stock worth $560,000 after purchasing an additional 5,000 shares during the period. New York State Common Retirement Fund boosted its position 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 purchasing an additional 1,300 shares during the period. LSV Asset Management boosted its position in BCB Bancorp by 21.0% during the fourth quarter. LSV Asset Management now owns 177,191 shares of the bank’s stock worth $2,277,000 after purchasing an additional 30,800 shares during the period. Finally, RMR Wealth Builders bought a new stake in BCB Bancorp during the fourth quarter worth approximately $164,000. Institutional investors and hedge funds own 36.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on BCBP shares. Keefe, Bruyette & Woods boosted their price target on shares of BCB Bancorp from $12.00 to $13.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 23rd. Piper Sandler boosted their price target on shares of BCB Bancorp from $11.50 to $14.00 and gave the stock a “neutral” rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, BCB Bancorp has a consensus rating of “Hold” and an average target price of $13.50.

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.