Charles Schwab Investment Management Inc. Increases Stake in BCB Bancorp, Inc. (NASDAQ:BCBP)

Charles Schwab Investment Management Inc. increased its holdings in BCB Bancorp, Inc. (NASDAQ:BCBP) by 6.4% in the fourth quarter, Holdings Channel reports. The fund owned 43,673 shares of the bank’s stock after purchasing an additional 2,631 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in BCB Bancorp were worth $517,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Jane Street Group LLC raised its holdings in shares of BCB Bancorp by 5.1% in the 3rd quarter. Jane Street Group LLC now owns 15,669 shares of the bank’s stock valued at $193,000 after purchasing an additional 767 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of BCB Bancorp by 9.8% during the fourth quarter. Bank of New York Mellon Corp now owns 82,148 shares of the bank’s stock valued at $973,000 after purchasing an additional 7,348 shares in the last quarter. Geode Capital Management LLC increased its holdings in BCB Bancorp by 2.1% during the third quarter. Geode Capital Management LLC now owns 367,403 shares of the bank’s stock valued at $4,534,000 after buying an additional 7,631 shares during the period. Barclays PLC raised its stake in BCB Bancorp by 235.3% in the third 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. Finally, JPMorgan Chase & Co. lifted its holdings in BCB Bancorp by 345.4% during the third quarter. JPMorgan Chase & Co. now owns 59,707 shares of the bank’s stock worth $737,000 after buying an additional 46,302 shares during the period. 36.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BCBP has been the topic of a number of analyst reports. Keefe, Bruyette & Woods cut their price target on BCB Bancorp from $15.00 to $13.75 and set a “market perform” rating on the stock in a report on Thursday, January 30th. Piper Sandler cut their target price on BCB Bancorp from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th.

BCB Bancorp Price Performance

NASDAQ BCBP opened at $9.86 on Tuesday. The firm’s fifty day simple moving average is $10.38 and its two-hundred day simple moving average is $11.66. The firm has a market capitalization of $169.23 million, a P/E ratio of 10.06 and a beta of 0.56. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.79. BCB Bancorp, Inc. has a 12-month low of $9.19 and a 12-month high of $14.04.

BCB Bancorp (NASDAQ:BCBP) last announced its earnings results on Tuesday, January 28th. The bank reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.13). BCB Bancorp had a return on equity of 6.33% and a net margin of 9.46%. Analysts forecast that BCB Bancorp, Inc. will post 1.24 EPS for the current fiscal year.

BCB Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Friday, February 7th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.49%. BCB Bancorp’s payout ratio is 65.31%.

BCB Bancorp 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.