Connor Clark & Lunn Investment Management Ltd. Acquires 37,820 Shares of BCB Bancorp, Inc. (NASDAQ:BCBP)

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of BCB Bancorp, Inc. (NASDAQ:BCBP - Free Report) by 131.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,690 shares of the bank's stock after purchasing an additional 37,820 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.39% of BCB Bancorp worth $790,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of BCB Bancorp by 6.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 43,673 shares of the bank's stock worth $517,000 after acquiring an additional 2,631 shares during the period. Bank of New York Mellon Corp lifted its stake in BCB Bancorp by 9.8% during the fourth quarter. Bank of New York Mellon Corp now owns 82,148 shares of the bank's stock worth $973,000 after purchasing an additional 7,348 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of BCB Bancorp by 345.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,707 shares of the bank's stock valued at $737,000 after purchasing an additional 46,302 shares in the last quarter. Barclays PLC grew its position in BCB Bancorp by 235.3% in the third quarter. Barclays PLC now owns 22,375 shares of the bank's stock valued at $277,000 after acquiring an additional 15,702 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of BCB Bancorp by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 367,403 shares of the bank's stock valued at $4,534,000 after purchasing an additional 7,631 shares during the last quarter. 36.00% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of research firms have weighed in on BCBP. Keefe, Bruyette & Woods reduced their target price 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. Piper Sandler reduced 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.

BCB Bancorp Stock Down 0.2 %

Shares of BCBP stock traded down $0.02 during trading hours on Tuesday, reaching $10.08. The company had a trading volume of 30,595 shares, compared to its average volume of 47,204. The business has a fifty day simple moving average of $10.54 and a 200-day simple moving average of $11.72. The company has a market cap of $173.00 million, a price-to-earnings ratio of 10.29 and a beta of 0.56. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.23 and a quick ratio of 1.23. BCB Bancorp, Inc. has a 12 month low of $9.19 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 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.13). BCB Bancorp had a return on equity of 6.33% and a net margin of 9.46%. On average, research analysts expect that BCB Bancorp, Inc. will post 1.24 earnings per share for the current fiscal year.

BCB Bancorp Dividend Announcement

The company 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. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.64 annualized dividend and a yield of 6.35%. BCB Bancorp's payout ratio is 65.31%.

BCB Bancorp 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.