BCB Bancorp, Inc. (NASDAQ:BCBP) Sees Significant Decrease in Short Interest

BCB Bancorp, Inc. (NASDAQ:BCBP - Get Free Report) was the target of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 96,600 shares, a drop of 32.0% from the January 31st total of 142,100 shares. Approximately 0.7% of the company's stock are sold short. Based on an average daily trading volume, of 50,800 shares, the short-interest ratio is presently 1.9 days.

Analyst Upgrades and Downgrades

BCBP has been the topic of several recent analyst reports. Keefe, Bruyette & Woods dropped their price target on BCB Bancorp from $15.00 to $13.75 and set a "market perform" rating on the stock in a research report on Thursday, January 30th. Piper Sandler dropped their target price on BCB Bancorp from $14.00 to $13.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th.

BCB Bancorp Stock Up 0.8 %

Shares of NASDAQ:BCBP traded up $0.08 during trading on Thursday, reaching $9.88. 44,625 shares of the company traded hands, compared to its average volume of 47,136. The firm has a fifty day simple moving average of $10.95 and a 200 day simple moving average of $11.93. 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 has a 1-year low of $9.19 and a 1-year high of $14.04. The firm has a market cap of $168.43 million, a P/E ratio of 10.08 and a beta of 0.56.

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%. Analysts anticipate that BCB Bancorp will post 1.24 earnings per share for the current fiscal year.

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BCB Bancorp Dividend Announcement

The company also recently declared 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 was Friday, February 7th. This represents a $0.64 annualized dividend and a dividend yield of 6.48%. BCB Bancorp's payout ratio is 65.31%.

Hedge Funds Weigh In On BCB Bancorp

Hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in BCB Bancorp in the fourth quarter worth approximately $42,000. Wells Fargo & Company MN lifted its stake in shares of BCB Bancorp by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 8,763 shares of the bank's stock valued at $104,000 after purchasing an additional 1,907 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of BCB Bancorp in the 4th quarter valued at $127,000. Trexquant Investment LP bought a new stake in BCB Bancorp in the fourth quarter worth $168,000. Finally, Jane Street Group LLC increased its position in BCB Bancorp by 5.1% during the third quarter. Jane Street Group LLC now owns 15,669 shares of the bank's stock worth $193,000 after buying an additional 767 shares during the last quarter. Institutional investors and hedge funds own 36.00% of the company's stock.

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.