BCB Bancorp, Inc. (NASDAQ:BCBP) Short Interest Update

BCB Bancorp, Inc. (NASDAQ:BCBP) saw a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 96,600 shares, a decrease of 32.0% from the January 31st total of 142,100 shares. Based on an average daily volume of 50,800 shares, the short-interest ratio is presently 1.9 days. Currently, 0.7% of the company’s stock are short sold.

BCB Bancorp Stock Performance

Shares of BCBP stock opened at $9.89 on Wednesday. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market cap of $168.60 million, a P/E ratio of 10.09 and a beta of 0.56. The stock’s 50-day moving average is $10.99 and its two-hundred day moving average is $11.95. BCB Bancorp has a fifty-two week low of $9.19 and a fifty-two week high of $14.04.

BCB Bancorp (NASDAQ:BCBP) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.13). BCB Bancorp had a net margin of 9.46% and a return on equity of 6.33%. Analysts predict that BCB Bancorp will post 1.24 earnings per share for the current fiscal year.

BCB Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Friday, February 7th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.47%. The ex-dividend date was Friday, February 7th. BCB Bancorp’s payout ratio is 65.31%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Segall Bryant & Hamill LLC bought a new position in BCB Bancorp in the 3rd quarter worth approximately $1,450,000. Voya Investment Management LLC increased its position in BCB Bancorp by 35.8% in the 4th quarter. Voya Investment Management LLC now owns 321,096 shares of the bank’s stock worth $3,802,000 after buying an additional 84,617 shares during the period. JPMorgan Chase & Co. increased its position in BCB Bancorp by 345.4% in the 3rd 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. Connor Clark & Lunn Investment Management Ltd. increased its position in BCB Bancorp by 131.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,690 shares of the bank’s stock worth $790,000 after buying an additional 37,820 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in BCB Bancorp by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 974,952 shares of the bank’s stock worth $11,543,000 after buying an additional 21,826 shares during the period. 36.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods dropped their target price on BCB Bancorp from $15.00 to $13.75 and set a “market perform” rating on the stock in a research report on Thursday, January 30th. Piper Sandler dropped their target price on BCB Bancorp from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th.

BCB Bancorp Company 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.