Ryan Blake Sells 8,677 Shares of BCB Bancorp, Inc. (NASDAQ:BCBP) Stock

On December 3rd, Ryan Blake, the Chief Operating Officer of BCB Bancorp, Inc. (NASDAQ: BCBP), sold 8,677 shares of the company’s stock. The shares were sold at an average price of $13.06, totaling approximately $113,321.62. After this transaction, Blake now holds 39,362 shares of BCB Bancorp, which are valued at around $514,067.72. This sale indicates an 18.06% reduction in his stake in the company. The details of the transaction have been disclosed in a filing with the Securities and Exchange Commission (SEC), and more information can be accessed through the SEC's website.

BCB Bancorp Stock Overview

The stock of BCB Bancorp opened at $13.05 on the last Friday, with a debt-to-equity ratio of 1.79. The company's quick ratio and current ratio are both at 1.23, which indicates its liquidity position. The 50-day moving average for the stock stands at $12.64, while the 200-day moving average is at $11.73. The stock has experienced a 52-week low of $9.19 and a high of $14.04, with a market capitalization of $222.50 million. BCB Bancorp has a price-to-earnings ratio of 11.15 and a beta of 0.59, suggesting lower volatility compared to the market.

Quarterly Earnings Report

BCB Bancorp reported its quarterly earnings on October 18th, revealing earnings per share of $0.36. This was higher than the consensus estimate of $0.32, exceeding expectations by $0.04. The company reported revenue of $51.75 million, significantly surpassing the analyst expectations of $25.29 million. BCB Bancorp also showcased a return on equity of 7.31% alongside a net margin of 10.59%. Analysts predict that the company will achieve earnings of around $1.27 per share by the end of the current fiscal year.

Dividend Announcement

BCB Bancorp recently declared a quarterly dividend that was paid on November 15th. Shareholders who were on record as of November 1st received a dividend of $0.16 per share. The ex-dividend date was also November 1st, resulting in an annualized dividend rate of $0.64 and a dividend yield of 4.90%. Currently, the company maintains a dividend payout ratio of 54.70%.

Investor Activity and Institutional Holdings

Recent activities by institutional investors have shown growing interest in BCB Bancorp. For instance, Vanguard Group Inc. increased its holdings in the company by 3.3% during the first quarter, now holding 775,070 shares worth about $8.09 million after acquiring an additional 25,064 shares. CWM LLC significantly boosted its stake by 1,232.6% during the second quarter, now owning 2,492 shares valued at $26,000. Other notable investors include Allspring Global Investments Holdings LLC and AQR Capital Management LLC, which have made significant investments in the company recently. As it stands, institutional investors own about 36.00% of BCB Bancorp's stock.

Analyst Ratings

In a recent report, Keefe, Bruyette & Woods increased their price target for BCB Bancorp from $13.25 to $13.50, maintaining a “market perform” rating on the stock. This reflects the analysts' optimistic outlook based on the company's performance trends.

About BCB Bancorp

BCB Bancorp, Inc. functions as a bank holding company for BCB Community Bank, providing a range of banking products and services to both businesses and individuals in the United States. The bank offers a variety of insured deposit products, including savings and checking accounts, money market accounts, certificates of deposit, as well as individual retirement accounts.

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