BCB Bancorp, Inc. (NASDAQ:BCBP) Short Interest Up 22.6% in April

BCB Bancorp, Inc. (NASDAQ:BCBP) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 84,100 shares, an increase of 22.6% from the March 31st total of 68,600 shares. Based on an average daily trading volume, of 50,900 shares, the short-interest ratio is currently 1.7 days. Currently, 0.6% of the company’s stock are short sold.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Piper Sandler upped their target price on shares of BCB Bancorp from $13.00 to $13.50 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. Keefe, Bruyette & Woods lowered their price target on shares of BCB Bancorp from $14.00 to $12.00 and set a “market perform” rating for the company in a report on Tuesday, April 23rd. Finally, TheStreet cut shares of BCB Bancorp from a “b-” rating to a “c+” rating in a report on Tuesday, February 20th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, BCB Bancorp currently has a consensus rating of “Hold” and an average price target of $12.75.

BCB Bancorp Stock Up 0.2 %

NASDAQ BCBP traded up $0.02 on Friday, hitting $9.46. 38,349 shares of the stock were exchanged, compared to its average volume of 42,179. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.77. BCB Bancorp has a fifty-two week low of $9.19 and a fifty-two week high of $13.90. The company has a market cap of $160.35 million, a PE ratio of 6.06 and a beta of 0.58. The company has a 50-day moving average price of $10.18 and a 200-day moving average price of $11.23.

BCB Bancorp (NASDAQ:BCBP) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). BCB Bancorp had a return on equity of 9.78% and a net margin of 13.41%. The firm had revenue of $27.15 million for the quarter, compared to analyst estimates of $27.33 million. Sell-side analysts anticipate that BCB Bancorp will post 1.4 EPS for the current fiscal year.

BCB Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 6.77%. The ex-dividend date of this dividend is Thursday, May 2nd. BCB Bancorp’s payout ratio is 41.03%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. LSV Asset Management boosted its holdings in shares of BCB Bancorp by 21.0% in the 4th quarter. LSV Asset Management now owns 177,191 shares of the bank’s stock valued at $2,277,000 after buying an additional 30,800 shares in the last quarter. Strs Ohio boosted its holdings in shares of BCB Bancorp by 13.0% in the 4th quarter. Strs Ohio now owns 43,600 shares of the bank’s stock valued at $560,000 after buying an additional 5,000 shares in the last quarter. Bailard Inc. acquired a new position in shares of BCB Bancorp in the 3rd quarter valued at $267,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of BCB Bancorp in the 3rd quarter valued at $184,000. Finally, Quadrature Capital Ltd acquired a new position in shares of BCB Bancorp in the 4th quarter valued at $178,000. Institutional investors and hedge funds own 36.00% of the company’s stock.

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.