Short Interest in BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Declines By 16.5%
by Doug Wharley · The Cerbat GemBCB Bancorp, Inc. (NJ) (NASDAQ:BCBP – Get Free Report) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 458,440 shares, a decline of 16.5% from the March 31st total of 548,814 shares. Currently, 3.0% of the shares of the company are short sold. Based on an average daily trading volume, of 97,477 shares, the days-to-cover ratio is presently 4.7 days.
BCB Bancorp, Inc. (NJ) Stock Performance
Shares of BCBP opened at $10.23 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.12 and a current ratio of 1.12. BCB Bancorp, Inc. has a 1 year low of $7.31 and a 1 year high of $10.46. The stock has a market capitalization of $177.59 million, a P/E ratio of -146.12 and a beta of 0.71. The company’s fifty day moving average is $8.89 and its two-hundred day moving average is $8.34.
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. BCB Bancorp, Inc. (NJ) had a net margin of 0.39% and a return on equity of 0.24%. The business had revenue of $24.94 million for the quarter, compared to analysts’ expectations of $25.78 million. On average, sell-side analysts predict that BCB Bancorp, Inc. will post 1.1 earnings per share for the current year.
BCB Bancorp, Inc. (NJ) Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 6th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, May 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.1%. BCB Bancorp, Inc. (NJ)’s dividend payout ratio is -457.14%.
Wall Street Analyst Weigh In
Several brokerages have issued reports on BCBP. Zacks Research cut shares of BCB Bancorp, Inc. (NJ) from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Wall Street Zen raised shares of BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a research note on Saturday, January 31st. Piper Sandler boosted their price objective on shares of BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, April 22nd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a research note on Friday, March 27th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $10.00.
Check Out Our Latest Stock Report on BCB Bancorp, Inc. (NJ)
Insider Transactions at BCB Bancorp, Inc. (NJ)
In other news, Director Mark D. Hogan acquired 5,000 shares of the company’s stock in a transaction on Friday, February 27th. The shares were bought at an average cost of $7.97 per share, with a total value of $39,850.00. Following the purchase, the director owned 103,352 shares of the company’s stock, valued at $823,715.44. This represents a 5.08% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 11.50% of the company’s stock.
Hedge Funds Weigh In On BCB Bancorp, Inc. (NJ)
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Strs Ohio grew its stake in shares of BCB Bancorp, Inc. (NJ) by 3.3% during the 1st quarter. Strs Ohio now owns 66,500 shares of the bank’s stock worth $597,000 after purchasing an additional 2,100 shares during the period. World Investment Advisors acquired a new position in shares of BCB Bancorp, Inc. (NJ) during the 4th quarter worth $358,000. Invesco Ltd. grew its stake in shares of BCB Bancorp, Inc. (NJ) by 28.1% during the 4th quarter. Invesco Ltd. now owns 19,585 shares of the bank’s stock worth $158,000 after purchasing an additional 4,294 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of BCB Bancorp, Inc. (NJ) by 21.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,492 shares of the bank’s stock worth $101,000 after purchasing an additional 2,233 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in shares of BCB Bancorp, Inc. (NJ) during the 4th quarter worth $152,000. 36.00% of the stock is owned by institutional investors and hedge funds.
BCB Bancorp, Inc. (NJ) Company Profile
BCB Bancorp, Inc is a bank holding company incorporated in New Jersey and traded on the NASDAQ under the symbol BCBP. Its primary subsidiary, Bergen Commercial Bank, operates as a full-service community bank focused on serving the financial needs of individuals and businesses in the New York metropolitan area. Headquartered in Clifton, New Jersey, the company has built its reputation on personalized banking relationships and local decision-making.
BCB Bancorp offers a comprehensive suite of deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit.