First Trust Advisors LP Acquires Shares of 10,768 BCB Bancorp, Inc. (NASDAQ:BCBP)

First Trust Advisors LP bought a new position in shares of BCB Bancorp, Inc. (NASDAQ:BCBP) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 10,768 shares of the bank’s stock, valued at approximately $127,000.

A number of other institutional investors have also modified their holdings of the stock. Wells Fargo & Company MN grew its stake in BCB Bancorp by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 8,763 shares of the bank’s stock worth $104,000 after purchasing an additional 1,907 shares in the last quarter. Trexquant Investment LP bought a new stake in BCB Bancorp during the 4th quarter valued at $168,000. Jane Street Group LLC lifted 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 worth $193,000 after buying an additional 767 shares during the period. Barclays PLC grew its position 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. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of BCB Bancorp by 64.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 23,792 shares of the bank’s stock worth $282,000 after buying an additional 9,332 shares in the last quarter. 36.00% of the stock is owned by hedge funds and other institutional investors.

BCB Bancorp Stock Down 0.7%

Shares of NASDAQ BCBP opened at $8.33 on Monday. BCB Bancorp, Inc. has a 12-month low of $8.05 and a 12-month high of $14.04. The stock’s fifty day simple moving average is $9.33 and its two-hundred day simple moving average is $10.94. The stock has a market capitalization of $142.97 million, a PE ratio of 8.50 and a beta of 0.70. 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 (NASDAQ:BCBP) last issued its quarterly earnings data on Tuesday, April 22nd. The bank reported ($0.51) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.74). BCB Bancorp had a net margin of 9.46% and a return on equity of 6.33%. The company had revenue of $23.80 million for the quarter, compared to the consensus estimate of $24.28 million. As a group, analysts expect that BCB Bancorp, Inc. will post 1.24 EPS for the current fiscal year.

BCB Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.68%. The ex-dividend date is Wednesday, May 7th. BCB Bancorp’s dividend payout ratio is currently 426.67%.

Wall Street Analysts Forecast Growth

BCBP has been the subject of several recent research reports. Keefe, Bruyette & Woods decreased their price objective on BCB Bancorp from $12.50 to $10.50 and set a “market perform” rating for the company in a report on Thursday, April 24th. Piper Sandler reduced their price target on shares of BCB Bancorp from $14.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, January 30th.

About BCB Bancorp

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.