Renaissance Technologies LLC Trims Stock Holdings in BCB Bancorp, Inc. (NASDAQ:BCBP)

Renaissance Technologies LLC reduced its holdings in shares of BCB Bancorp, Inc. (NASDAQ:BCBP - Free Report) by 7.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 331,374 shares of the bank's stock after selling 28,304 shares during the period. Renaissance Technologies LLC owned about 1.94% of BCB Bancorp worth $3,923,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in shares of BCB Bancorp by 345.4% during the third quarter. JPMorgan Chase & Co. now owns 59,707 shares of the bank's stock worth $737,000 after purchasing an additional 46,302 shares during the last quarter. Barclays PLC lifted its holdings 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 in the last quarter. Geode Capital Management LLC boosted its position in BCB Bancorp by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 367,403 shares of the bank's stock valued at $4,534,000 after buying an additional 7,631 shares during the period. Bank of New York Mellon Corp boosted its position in BCB Bancorp by 9.8% in the 4th quarter. Bank of New York Mellon Corp now owns 82,148 shares of the bank's stock valued at $973,000 after buying an additional 7,348 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in BCB Bancorp by 64.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 23,792 shares of the bank's stock worth $282,000 after acquiring an additional 9,332 shares in the last quarter. Hedge funds and other institutional investors own 36.00% of the company's stock.

Analyst Ratings Changes

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

BCB Bancorp Trading Down 5.9 %

NASDAQ BCBP opened at $8.85 on Wednesday. BCB Bancorp, Inc. has a one year low of $8.66 and a one year 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. The company has a market capitalization of $151.89 million, a price-to-earnings ratio of 9.03 and a beta of 0.57. The company's 50-day simple moving average is $9.78 and its two-hundred day simple moving average is $11.30.

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

BCB Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Friday, February 7th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 7.23%. The ex-dividend date was Friday, February 7th. BCB Bancorp's 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.

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