Banc Funds Co. LLC Trims Position in BCB Bancorp, Inc. (NASDAQ:BCBP)

Banc Funds Co. LLC lowered its position in BCB Bancorp, Inc. (NASDAQ:BCBP - Free Report) by 56.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,437 shares of the bank's stock after selling 46,709 shares during the period. Banc Funds Co. LLC owned 0.21% of BCB Bancorp worth $450,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BCBP. CWM LLC lifted its holdings in BCB Bancorp by 1,232.6% in the second quarter. CWM LLC now owns 2,492 shares of the bank's stock valued at $26,000 after acquiring an additional 2,305 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of BCB Bancorp in the 2nd quarter worth approximately $119,000. AQR Capital Management LLC purchased a new position in shares of BCB Bancorp in the second quarter worth approximately $334,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in BCB Bancorp during the third quarter valued at approximately $356,000. Finally, Empowered Funds LLC raised its position in BCB Bancorp by 5.2% in the third quarter. Empowered Funds LLC now owns 73,121 shares of the bank's stock worth $902,000 after acquiring an additional 3,618 shares during the period. Institutional investors own 36.00% of the company's stock.

BCB Bancorp Price Performance

Shares of BCBP stock traded up $0.05 on Monday, reaching $13.32. The company's stock had a trading volume of 13,997 shares, compared to its average volume of 47,221. The company has a market capitalization of $227.11 million, a price-to-earnings ratio of 11.34 and a beta of 0.58. The stock's fifty day simple moving average is $12.56 and its 200-day simple moving average is $11.68. 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, Inc. has a 1 year low of $9.19 and a 1 year high of $14.04.

BCB Bancorp (NASDAQ:BCBP - Get Free Report) last posted its quarterly earnings data on Friday, October 18th. The bank reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.04. BCB Bancorp had a net margin of 10.59% and a return on equity of 7.31%. The business had revenue of $51.75 million for the quarter, compared to analysts' expectations of $25.29 million. Analysts forecast that BCB Bancorp, Inc. will post 1.27 earnings per share for the current fiscal year.

BCB Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a $0.16 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.80%. BCB Bancorp's payout ratio is 54.70%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lifted their target price on BCB Bancorp from $13.25 to $13.50 and gave the company a "market perform" rating in a research report on Tuesday, October 22nd.

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.