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

BCB Bancorp, Inc. (NASDAQ:BCBP - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 120,800 shares, an increase of 25.7% from the February 28th total of 96,100 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily volume of 55,300 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Investors Weigh In On BCB Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings in BCB Bancorp by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 974,952 shares of the bank's stock worth $11,543,000 after acquiring an additional 21,826 shares during the period. Geode Capital Management LLC grew its stake in shares of BCB Bancorp by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 369,315 shares of the bank's stock worth $4,373,000 after purchasing an additional 1,912 shares during the period. Voya Investment Management LLC increased its holdings in BCB Bancorp by 35.8% in the fourth quarter. Voya Investment Management LLC now owns 321,096 shares of the bank's stock valued at $3,802,000 after purchasing an additional 84,617 shares during the last quarter. Northern Trust Corp lifted its stake in BCB Bancorp by 3.0% in the fourth quarter. Northern Trust Corp now owns 126,834 shares of the bank's stock valued at $1,502,000 after buying an additional 3,637 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in BCB Bancorp by 66.2% during the fourth quarter. JPMorgan Chase & Co. now owns 99,240 shares of the bank's stock worth $1,175,000 after buying an additional 39,533 shares during the last quarter. 36.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

BCB Bancorp Trading Up 1.1 %

BCBP stock traded up $0.10 during trading on Friday, hitting $9.36. The company had a trading volume of 109,580 shares, compared to its average volume of 48,810. The stock has a market cap of $160.65 million, a price-to-earnings ratio of 9.55 and a beta of 0.57. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.79. The firm has a 50-day moving average price of $10.22 and a 200-day moving average price of $11.58. BCB Bancorp has a 12 month low of $8.99 and a 12 month high of $14.04.

BCB Bancorp (NASDAQ:BCBP - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.13). BCB Bancorp had a net margin of 9.46% and a return on equity of 6.33%. As a group, analysts predict that BCB Bancorp will post 1.24 earnings per share for the current year.

BCB Bancorp Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 6.84%. The ex-dividend date of this dividend was Friday, February 7th. BCB Bancorp's dividend payout ratio is 65.31%.

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.