BCB Bancorp, Inc. (NASDAQ:BCBP) Short Interest Down 14.8% in July

BCB Bancorp, Inc. (NASDAQ:BCBP) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totalling 92,400 shares, a decrease of 14.8% from the June 30th total of 108,400 shares. Based on an average daily volume of 49,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.6% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods increased their target price on 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 raised their price target on BCB Bancorp from $11.50 to $14.00 and gave the company a “neutral” rating in a report on Monday. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $13.50.

Insider Buying and Selling

In other news, Director Mark D. Hogan acquired 5,000 shares of the stock in a transaction on Wednesday, June 5th. The stock was bought at an average price of $9.90 per share, with a total value of $49,500.00. Following the completion of the transaction, the director now directly owns 88,352 shares of the company’s stock, valued at $874,684.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Tara L. French acquired 2,500 shares of BCB Bancorp 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 purchase, the director now directly owns 2,500 shares of the company’s stock, valued at approximately $26,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark D. Hogan bought 5,000 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was bought at an average cost of $9.90 per share, for a total transaction of $49,500.00. Following the completion of the transaction, the director now directly owns 88,352 shares of the company’s stock, valued at $874,684.80. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 17,422 shares of company stock valued at $176,676. 15.86% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BCB Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of BCBP. LSV Asset Management boosted its position in shares of BCB Bancorp by 21.0% in the 4th quarter. LSV Asset Management now owns 177,191 shares of the bank’s stock valued at $2,277,000 after purchasing an additional 30,800 shares during the period. Vanguard Group Inc. boosted its position in shares of BCB Bancorp by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 775,070 shares of the bank’s stock valued at $8,099,000 after purchasing an additional 25,064 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in BCB Bancorp by 51.7% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 53,760 shares of the bank’s stock worth $562,000 after acquiring an additional 18,327 shares during the period. Quadrature Capital Ltd acquired a new stake in BCB Bancorp during the 4th quarter worth about $178,000. Finally, RMR Wealth Builders acquired a new stake in BCB Bancorp during the 4th quarter worth about $164,000. Institutional investors and hedge funds own 36.00% of the company’s stock.

BCB Bancorp Price Performance

NASDAQ:BCBP traded up $0.02 during mid-day trading on Wednesday, reaching $12.68. 100,264 shares of the stock were exchanged, compared to its average volume of 50,186. The business has a fifty day moving average price of $10.70 and a 200 day moving average price of $10.72. The firm has a market capitalization of $215.05 million, a PE ratio of 8.13 and a beta of 0.58. BCB Bancorp has a 1-year low of $9.19 and a 1-year 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.

BCB Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 2nd will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date is Friday, August 2nd. BCB Bancorp’s payout ratio is currently 41.03%.

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.