JPMorgan Chase & Co. Buys 39,533 Shares of BCB Bancorp, Inc. (NASDAQ:BCBP)

JPMorgan Chase & Co. increased its stake in shares of BCB Bancorp, Inc. (NASDAQ:BCBP - Free Report) by 66.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,240 shares of the bank's stock after acquiring an additional 39,533 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.58% of BCB Bancorp worth $1,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Jane Street Group LLC grew 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 worth $193,000 after purchasing an additional 767 shares during the last quarter. Barclays PLC boosted its position in BCB Bancorp by 235.3% during the 3rd quarter. Barclays PLC now owns 22,375 shares of the bank's stock valued at $277,000 after buying an additional 15,702 shares during the period. Geode Capital Management LLC grew its holdings in BCB Bancorp by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 367,403 shares of the bank's stock worth $4,534,000 after acquiring an additional 7,631 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of BCB Bancorp by 9.8% in the fourth quarter. Bank of New York Mellon Corp now owns 82,148 shares of the bank's stock valued at $973,000 after acquiring an additional 7,348 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of BCB Bancorp by 6.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 43,673 shares of the bank's stock valued at $517,000 after acquiring an additional 2,631 shares during the last quarter. 36.00% of the stock is owned by hedge funds and other institutional investors.

BCB Bancorp Stock Down 0.7 %

Shares of NASDAQ BCBP traded down $0.06 during mid-day trading on Tuesday, hitting $8.33. 87,100 shares of the stock traded hands, compared to its average volume of 50,396. The company has a market cap of $142.97 million, a price-to-earnings ratio of 8.50 and a beta of 0.57. The stock has a fifty day moving average price of $9.64 and a 200-day moving average price of $11.20. BCB Bancorp, Inc. has a 52 week low of $8.32 and a 52 week high of $14.04. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.23 and a current ratio of 1.23.

BCB Bancorp (NASDAQ:BCBP - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The bank reported ($0.51) EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.74). The business had revenue of $23.80 million for the quarter, compared to the consensus estimate of $24.28 million. BCB Bancorp had a net margin of 9.46% and a return on equity of 6.33%. Research analysts anticipate that BCB Bancorp, Inc. will post 1.24 EPS for the current year.

BCB Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.68%. The ex-dividend date is Wednesday, May 7th. BCB Bancorp's dividend payout ratio is 426.67%.

Analyst Upgrades and Downgrades

BCBP has been the topic of several recent analyst reports. Keefe, Bruyette & Woods cut their target price on BCB Bancorp from $12.50 to $10.50 and set a "market perform" rating on the stock in a research note on Thursday, April 24th. Piper Sandler cut their price objective on BCB Bancorp from $14.00 to $13.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th.

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.