Ryan Blake Sells 8,677 Shares of BCB Bancorp, Inc. (NASDAQ:BCBP) Stock

BCB Bancorp, Inc. (NASDAQ:BCBP) recently reported that its Chief Operating Officer, Ryan Blake, sold 8,677 shares of the company's stock in a transaction that took place on Tuesday, December 3rd. The shares were sold at an average price of $13.06, bringing the total value of the transaction to $113,321.62. Following this sale, Blake's ownership in BCB Bancorp is now 39,362 shares, valued at approximately $514,067.72. This move reflects an 18.06% decrease in his stock position. Details of this trade were disclosed in a filing with the Securities and Exchange Commission (SEC), which is accessible online.

Stock Performance of BCB Bancorp

On Friday, NASDAQ: BCBP opened at a price of $13.05. The company's financial ratios indicate a debt-to-equity ratio of 1.79, a quick ratio of 1.23, and a current ratio of 1.23. The 50-day moving average for the stock is $12.64, while the 200-day moving average stands at $11.73. Over the past year, BCB Bancorp has recorded a 52-week low of $9.19 and a 52-week high of $14.04. The market capitalization of the company is approximately $222.50 million, and it has a price-to-earnings ratio of 11.15, with a beta of 0.59.

BCB Bancorp last reported its quarterly earnings on Friday, October 18th, indicating that the bank achieved earnings of $0.36 per share, surpassing the consensus estimate of $0.32 by $0.04. The company's quarterly revenue amounted to $51.75 million, significantly exceeding analyst estimates of $25.29 million. Additionally, BCB Bancorp posted a return on equity of 7.31% and a net margin of 10.59%. Analysts predict that the company will post earnings of $1.27 per share for the current fiscal year.

Dividend Information for BCB Bancorp

Recently, BCB Bancorp announced a quarterly dividend, which was disbursed on Friday, November 15th. Stockholders on record as of Friday, November 1st received a dividend of $0.16 per share, with the ex-dividend date being the same. This equates to an annualized dividend of $0.64, resulting in a dividend yield of 4.90%. The current dividend payout ratio (DPR) for BCB Bancorp is 54.70%.

Investor Activity in BCB Bancorp

In recent months, several institutional investors have altered their stakes in BCB Bancorp. For instance, Vanguard Group Inc. increased its holdings by 3.3% during the first quarter and now possesses 775,070 shares of the company's stock, worth $8,099,000. Meanwhile, CWM LLC raised its stake by an impressive 1,232.6% in the second quarter, now owning 2,492 shares, valued at $26,000 after acquiring an additional 2,305 shares. Allspring Global Investments Holdings LLC also purchased a new position valued at approximately $119,000 during the same period. Other investors include AQR Capital Management LLC and Empowered Funds LLC, with the latter increasing its ownership by 5.2% in the third quarter. Currently, institutional investors collectively own 36.00% of BCB Bancorp's stock.

Analyst Ratings

On October 22nd, Keefe, Bruyette & Woods updated their price target for BCB Bancorp, raising it from $13.25 to $13.50 and assigning the stock a "market perform" rating in their research report.

Overview of BCB Bancorp

BCB Bancorp, Inc. functions as a bank holding company for BCB Community Bank, providing a range of banking products and services to both individuals and businesses within the United States. The firm offers various insured deposit products, including savings accounts, interest-bearing and non-interest-bearing demand accounts, money market accounts, certificates of deposit, and individual retirement accounts.

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