JPMorgan Chase & Co. Raises Holdings in BCB Bancorp, Inc. (NASDAQ:BCBP)

JPMorgan Chase & Co. lifted its stake in BCB Bancorp, Inc. (NASDAQ:BCBP - Free Report) by 345.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,707 shares of the bank's stock after purchasing an additional 46,302 shares during the quarter. JPMorgan Chase & Co. owned about 0.35% of BCB Bancorp worth $737,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Barclays PLC increased its stake in BCB Bancorp by 235.3% in the 3rd quarter. Barclays PLC now owns 22,375 shares of the bank's stock worth $277,000 after buying an additional 15,702 shares during the period. Geode Capital Management LLC increased its holdings in BCB Bancorp by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 367,403 shares of the bank's stock worth $4,534,000 after purchasing an additional 7,631 shares during the period. Jane Street Group LLC lifted its holdings in shares of BCB Bancorp by 5.1% in the 3rd quarter. Jane Street Group LLC now owns 15,669 shares of the bank's stock worth $193,000 after buying an additional 767 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of BCB Bancorp during the 3rd quarter worth $356,000. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of BCB Bancorp during the third quarter valued at $1,450,000. Institutional investors own 36.00% of the company's stock.

BCB Bancorp Stock Up 3.0 %

NASDAQ:BCBP traded up $0.35 during trading hours on Monday, reaching $11.89. The company's stock had a trading volume of 94,604 shares, compared to its average volume of 45,963. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market capitalization of $202.72 million, a P/E ratio of 10.16 and a beta of 0.61. The stock has a 50 day moving average price of $12.21 and a two-hundred day moving average price of $12.20. BCB Bancorp, Inc. has a 12 month low of $9.19 and a 12 month high of $14.04.

Insider Transactions at BCB Bancorp

In other news, COO Ryan Blake sold 8,677 shares of BCB Bancorp stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $13.06, for a total value of $113,321.62. Following the transaction, the chief operating officer now owns 39,362 shares of the company's stock, valued at $514,067.72. The trade was a 18.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 15.86% of the company's stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised their target price on shares of 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.