BCB Bancorp, Inc. (NJ) (BCBP) Holdings Increased by Northern Trust Corp

Northern Trust Corp grew its holdings in shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) by 334.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 106,720 shares of the bank’s stock after buying an additional 82,153 shares during the period. Northern Trust Corp owned 0.94% of BCB Bancorp, Inc. (NJ) worth $1,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Bank of New York Mellon Corp lifted its holdings in BCB Bancorp, Inc. (NJ) by 142.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 41,236 shares of the bank’s stock worth $631,000 after buying an additional 24,224 shares during the last quarter. TIAA CREF Investment Management LLC purchased a new stake in shares of BCB Bancorp, Inc. (NJ) in the 2nd quarter valued at about $394,000. Teachers Advisors LLC purchased a new stake in shares of BCB Bancorp, Inc. (NJ) in the 2nd quarter valued at about $280,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of BCB Bancorp, Inc. (NJ) in the 2nd quarter valued at about $250,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of BCB Bancorp, Inc. (NJ) in the 2nd quarter valued at about $155,000. 32.45% of the stock is owned by institutional investors.

BCBP has been the subject of several research reports. DA Davidson initiated coverage on BCB Bancorp, Inc. (NJ) in a report on Thursday, September 14th. They issued a “buy” rating and a $15.00 target price for the company. Keefe, Bruyette & Woods initiated coverage on BCB Bancorp, Inc. (NJ) in a report on Thursday, September 14th. They issued an “outperform” rating and a $14.00 target price for the company. Finally, ValuEngine raised BCB Bancorp, Inc. (NJ) from a “hold” rating to a “buy” rating in a report on Monday, September 18th.

In related news, Director August Pellegrini, Jr. purchased 2,150 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were purchased at an average price of $12.25 per share, for a total transaction of $26,337.50. Following the transaction, the director now directly owns 101,091 shares of the company’s stock, valued at approximately $1,238,364.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas Michael Coughlin purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was bought at an average price of $12.25 per share, for a total transaction of $245,000.00. Following the transaction, the insider now directly owns 175,604 shares in the company, valued at $2,151,149. The disclosure for this purchase can be found here. Insiders purchased a total of 50,580 shares of company stock worth $632,726 in the last 90 days. 16.76% of the stock is currently owned by insiders.

Shares of BCB Bancorp, Inc. (BCBP) opened at $14.55 on Monday. BCB Bancorp, Inc. has a fifty-two week low of $12.05 and a fifty-two week high of $17.05. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.12 and a quick ratio of 1.11. The firm has a market capitalization of $218.72, a PE ratio of 15.16, a PEG ratio of 1.58 and a beta of 0.43.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last posted its earnings results on Thursday, October 19th. The bank reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. BCB Bancorp, Inc. (NJ) had a return on equity of 9.04% and a net margin of 14.19%. The business had revenue of $17.21 million during the quarter, compared to the consensus estimate of $17.70 million. analysts anticipate that BCB Bancorp, Inc. will post 0.92 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Friday, November 3rd were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.85%. The ex-dividend date was Thursday, November 2nd. BCB Bancorp, Inc. (NJ)’s dividend payout ratio (DPR) is presently 58.33%.

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About BCB Bancorp, Inc. (NJ)

BCB Bancorp, Inc is the holding company parent of BCB Community Bank (the Bank). The Bank is a community-oriented financial institution. Its business is to offer Federal Deposit Insurance Corporation (FDIC)-insured deposit products and to invest funds held in deposit accounts at the Bank, together with funds generated from operations, in loans and investment securities.

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Institutional Ownership by Quarter for BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP)

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