Martingale Asset Management L P Increases Holdings in BCB Bancorp, Inc. (NASDAQ:BCBP)

Martingale Asset Management L P raised its stake in BCB Bancorp, Inc. (NASDAQ:BCBP) by 44.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,106 shares of the bank’s stock after purchasing an additional 16,600 shares during the quarter. Martingale Asset Management L P owned about 0.33% of BCB Bancorp worth $726,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in BCBP. SG Americas Securities LLC bought a new position in BCB Bancorp in the first quarter valued at $111,000. BNP Paribas Arbitrage SA grew its position in shares of BCB Bancorp by 405.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,918 shares of the bank’s stock worth $39,000 after buying an additional 2,341 shares in the last quarter. Strs Ohio grew its position in shares of BCB Bancorp by 9.4% during the 1st quarter. Strs Ohio now owns 19,800 shares of the bank’s stock worth $265,000 after buying an additional 1,700 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of BCB Bancorp during the 1st quarter worth $25,000. Finally, Deutsche Bank AG grew its position in shares of BCB Bancorp by 64.4% during the 4th quarter. Deutsche Bank AG now owns 69,813 shares of the bank’s stock worth $729,000 after buying an additional 27,343 shares in the last quarter. 28.20% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research upgraded BCB Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. BCB Bancorp presently has an average rating of “Hold” and a consensus price target of $14.00.

BCB Bancorp stock traded up $1.25 during midday trading on Friday, reaching $13.85. The company’s stock had a trading volume of 95,904 shares, compared to its average volume of 24,662. The stock’s 50-day simple moving average is $12.56. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.15 and a quick ratio of 1.15. BCB Bancorp, Inc. has a 52-week low of $10.12 and a 52-week high of $15.70. The firm has a market capitalization of $206.80 million, a PE ratio of 13.71, a P/E/G ratio of 1.05 and a beta of 0.70.

BCB Bancorp (NASDAQ:BCBP) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.02. BCB Bancorp had a return on equity of 10.65% and a net margin of 14.55%. The firm had revenue of $22.56 million during the quarter, compared to analysts’ expectations of $23.42 million. Equities research analysts predict that BCB Bancorp, Inc. will post 1.17 earnings per share for the current year.

About BCB Bancorp

BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank, a state-chartered commercial bank that provides banking products and services to businesses and individuals in the United States. The company offers deposit products, including interest and non-interest bearing demand, NOW, savings and club, money market, term certificate, interest bearing checking, and individual retirement accounts.

See Also: How does a reverse stock split work?

Institutional Ownership by Quarter for BCB Bancorp (NASDAQ:BCBP)

Receive News & Ratings for BCB Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCB Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.