Barclays PLC Buys 15,702 Shares of BCB Bancorp, Inc. (NASDAQ:BCBP)

Barclays PLC grew its stake in shares of BCB Bancorp, Inc. (NASDAQ:BCBP) by 235.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 22,375 shares of the bank’s stock after acquiring an additional 15,702 shares during the period. Barclays PLC’s holdings in BCB Bancorp were worth $277,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of BCB Bancorp during the second quarter worth $119,000. AQR Capital Management LLC acquired a new position in shares of BCB Bancorp during the second quarter worth $334,000. CWM LLC lifted its holdings in shares of BCB Bancorp by 105.3% during the third quarter. CWM LLC now owns 5,116 shares of the bank’s stock worth $63,000 after purchasing an additional 2,624 shares during the period. Empowered Funds LLC lifted its holdings in shares of BCB Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 73,121 shares of the bank’s stock worth $902,000 after purchasing an additional 3,618 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new position in BCB Bancorp in the third quarter valued at $1,450,000. Institutional investors own 36.00% of the company’s stock.

Insider Transactions at BCB Bancorp

In other BCB Bancorp news, COO Ryan Blake sold 8,677 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $13.06, for a total value of $113,321.62. Following the completion of the sale, the chief operating officer now directly owns 39,362 shares of the company’s stock, valued at approximately $514,067.72. This represents a 18.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 15.86% of the stock is currently owned by insiders.

BCB Bancorp Trading Up 1.0 %

BCBP opened at $11.62 on Monday. BCB Bancorp, Inc. has a 1-year low of $9.19 and a 1-year high of $14.04. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.79. The company has a market cap of $198.10 million, a P/E ratio of 9.93 and a beta of 0.61. The company has a fifty day moving average price of $12.60 and a two-hundred day moving average price of $12.07.

BCB Bancorp (NASDAQ:BCBP) last posted its quarterly earnings results 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. BCB Bancorp had a net margin of 10.59% and a return on equity of 7.31%. The firm had revenue of $51.75 million during the quarter, compared to the consensus estimate of $25.29 million. Analysts predict that BCB Bancorp, Inc. will post 1.27 EPS for the current fiscal year.

BCB Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 5.51%. The ex-dividend date of this dividend was Friday, November 1st. BCB Bancorp’s payout ratio is presently 54.70%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods boosted their target price on shares of BCB Bancorp from $13.25 to $13.50 and gave the company a “market perform” rating in a report on Tuesday, October 22nd.

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.