Geode Capital Management LLC Has $4.53 Million Stock Position in BCB Bancorp, Inc. (NASDAQ:BCBP)

Geode Capital Management LLC raised its position in shares of BCB Bancorp, Inc. (NASDAQ:BCBP) by 2.1% in the third quarter, HoldingsChannel.com reports. The firm owned 367,403 shares of the bank’s stock after purchasing an additional 7,631 shares during the quarter. Geode Capital Management LLC’s holdings in BCB Bancorp were worth $4,534,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BCBP. Segall Bryant & Hamill LLC bought a new stake in BCB Bancorp during the third quarter valued at $1,450,000. Empowered Funds LLC lifted its stake in shares of BCB Bancorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 73,121 shares of the bank’s stock valued at $902,000 after purchasing an additional 3,618 shares during the period. AQR Capital Management LLC bought a new stake in shares of BCB Bancorp during the 2nd quarter valued at about $334,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in BCB Bancorp in the third quarter worth approximately $356,000. Finally, Barclays PLC boosted its holdings in shares of BCB Bancorp by 235.3% during the 3rd quarter. Barclays PLC now owns 22,375 shares of the bank’s stock worth $277,000 after buying an additional 15,702 shares in the last quarter. 36.00% of the stock is owned by institutional investors.

BCB Bancorp Stock Up 1.0 %

Shares of NASDAQ:BCBP opened at $11.62 on Monday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.23 and a current ratio of 1.23. BCB Bancorp, Inc. has a 52-week low of $9.19 and a 52-week high of $14.04. The business’s 50 day simple moving average is $12.60 and its two-hundred day simple moving average is $12.07. The firm has a market cap of $198.10 million, a P/E ratio of 9.93 and a beta of 0.61.

BCB Bancorp (NASDAQ:BCBP) last issued its earnings results on Friday, October 18th. The bank reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. BCB Bancorp had a return on equity of 7.31% and a net margin of 10.59%. The company had revenue of $51.75 million for the quarter, compared to analyst estimates of $25.29 million. As a group, research analysts forecast that BCB Bancorp, Inc. will post 1.27 EPS for the current fiscal year.

BCB Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.16 per share. The ex-dividend date was Friday, November 1st. This represents a $0.64 dividend on an annualized basis and a yield of 5.51%. BCB Bancorp’s dividend payout ratio (DPR) is currently 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 research report on Tuesday, October 22nd.

Insider Transactions at BCB Bancorp

In related news, COO Ryan Blake sold 8,677 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $13.06, for a total transaction of $113,321.62. Following the completion of the sale, the chief operating officer now owns 39,362 shares in the company, valued at approximately $514,067.72. This represents a 18.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 15.86% of the company’s stock.

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.