Segall Bryant & Hamill LLC Invests $1.45 Million in BCB Bancorp, Inc. (NASDAQ:BCBP)

Segall Bryant & Hamill LLC bought a new stake in BCB Bancorp, Inc. (NASDAQ:BCBP - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 117,529 shares of the bank's stock, valued at approximately $1,450,000. Segall Bryant & Hamill LLC owned about 0.69% of BCB Bancorp as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC lifted its stake in BCB Bancorp by 1,232.6% in the 2nd quarter. CWM LLC now owns 2,492 shares of the bank's stock worth $26,000 after purchasing an additional 2,305 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in BCB Bancorp by 92.5% during the first quarter. BNP Paribas Financial Markets now owns 7,201 shares of the bank's stock worth $75,000 after buying an additional 3,460 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in BCB Bancorp in the 2nd quarter valued at $119,000. Quadrature Capital Ltd increased its position in BCB Bancorp by 25.1% during the first quarter. Quadrature Capital Ltd now owns 17,348 shares of the bank's stock worth $181,000 after purchasing an additional 3,483 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new stake in shares of BCB Bancorp during the 2nd quarter worth approximately $334,000. 36.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BCBP. Piper Sandler upped their price target on BCB Bancorp from $11.50 to $14.00 and gave the company a "neutral" rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods upped 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 Trading Up 2.4 %

NASDAQ:BCBP traded up $0.31 during trading hours on Friday, reaching $13.50. 24,744 shares of the stock were exchanged, compared to its average volume of 42,896. BCB Bancorp, Inc. has a twelve month low of $9.19 and a twelve month high of $13.90. The business has a 50-day moving average of $12.48 and a two-hundred day moving average of $11.57. The company has a market capitalization of $230.18 million, a price-to-earnings ratio of 11.54 and a beta of 0.58. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.79.

BCB Bancorp (NASDAQ:BCBP - Get Free Report) last posted its quarterly earnings data on Friday, October 18th. The bank reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. BCB Bancorp had a return on equity of 7.31% and a net margin of 10.59%. The firm had revenue of $51.75 million for the quarter, compared to the consensus estimate of $25.29 million. On average, equities analysts predict that BCB Bancorp, Inc. will post 1.27 EPS for the current year.

BCB Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date was Friday, November 1st. BCB Bancorp's dividend payout ratio is presently 54.70%.

About BCB Bancorp

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.