BCB Bancorp, Inc. (NASDAQ:BCBP) Short Interest Up 25.7% in March

BCB Bancorp, Inc. (NASDAQ:BCBP) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 120,800 shares, a growth of 25.7% from the February 28th total of 96,100 shares. Based on an average daily trading volume, of 55,300 shares, the short-interest ratio is currently 2.2 days. Approximately 0.8% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BCBP shares. Piper Sandler cut their price target on shares of BCB Bancorp from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Keefe, Bruyette & Woods decreased their target price on BCB Bancorp from $15.00 to $13.75 and set a “market perform” rating for the company in a research note on Thursday, January 30th.

BCB Bancorp Trading Down 0.1 %

NASDAQ:BCBP opened at $9.85 on Wednesday. BCB Bancorp has a 12 month low of $9.19 and a 12 month high of $14.04. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $169.06 million, a price-to-earnings ratio of 10.05 and a beta of 0.56. The firm has a fifty day simple moving average of $10.34 and a two-hundred day simple moving average of $11.64.

BCB Bancorp (NASDAQ:BCBP) last issued its earnings results on Tuesday, January 28th. The bank reported $0.16 EPS 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 expect that BCB Bancorp will post 1.24 EPS for the current fiscal year.

BCB Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Friday, February 7th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date was Friday, February 7th. BCB Bancorp’s payout ratio is 65.31%.

Institutional Trading of BCB Bancorp

Several hedge funds have recently bought and sold shares of BCBP. Public Employees Retirement System of Ohio acquired a new position in shares of BCB Bancorp during the fourth quarter valued at about $42,000. Wells Fargo & Company MN boosted its stake in BCB Bancorp by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 8,763 shares of the bank’s stock valued at $104,000 after purchasing an additional 1,907 shares during the last quarter. First Trust Advisors LP bought a new stake in BCB Bancorp during the 4th quarter worth approximately $127,000. Trexquant Investment LP purchased a new stake in shares of BCB Bancorp in the fourth quarter worth approximately $168,000. Finally, Jane Street Group LLC lifted its holdings in shares of BCB Bancorp by 5.1% in the third 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. Institutional investors and hedge funds own 36.00% of the company’s stock.

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.