BCB Bancorp, Inc. (NASDAQ:BCBP) Short Interest Up 10.5% in August

BCB Bancorp, Inc. (NASDAQ:BCBP) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 100,400 shares, an increase of 10.5% from the August 15th total of 90,900 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 54,200 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Trading of BCB Bancorp

Large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC acquired a new position in shares of BCB Bancorp in the 2nd quarter valued at $334,000. Allspring Global Investments Holdings LLC acquired a new position in shares of BCB Bancorp in the second quarter worth $119,000. CWM LLC boosted its stake in shares of BCB Bancorp by 1,232.6% in the 2nd quarter. CWM LLC now owns 2,492 shares of the bank’s stock valued at $26,000 after buying an additional 2,305 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of BCB Bancorp by 51.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 53,760 shares of the bank’s stock worth $562,000 after buying an additional 18,327 shares in the last quarter. Finally, Quadrature Capital Ltd increased its stake in shares of 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 buying an additional 3,483 shares during the period. 36.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods lifted their price target on BCB Bancorp from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Tuesday, July 23rd. Piper Sandler increased their price objective on shares of BCB Bancorp from $11.50 to $14.00 and gave the company a “neutral” rating in a report on Monday, July 29th.

BCB Bancorp Price Performance

Shares of BCB Bancorp stock traded up $0.14 during mid-day trading on Tuesday, reaching $12.66. 1,605 shares of the stock traded hands, compared to its average volume of 49,711. The business has a 50-day moving average of $11.90 and a 200 day moving average of $10.73. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $215.60 million, a PE ratio of 8.03 and a beta of 0.58. BCB Bancorp has a fifty-two week low of $9.19 and a fifty-two week high of $13.90.

BCB Bancorp (NASDAQ:BCBP) last issued its earnings results on Friday, July 19th. The bank reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.16). The business had revenue of $20.41 million during the quarter, compared to analyst estimates of $24.65 million. BCB Bancorp had a net margin of 10.67% and a return on equity of 7.42%. On average, analysts predict that BCB Bancorp will post 1.32 EPS for the current year.

BCB Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were given a dividend of $0.16 per share. The ex-dividend date was Friday, August 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 5.06%. BCB Bancorp’s payout ratio is 41.03%.

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.