BCB Bancorp, Inc. (NASDAQ:BCBP)’s share price traded up 9.9% on Friday . The company traded as high as $14.96 and last traded at $13.85. 244,589 shares traded hands during mid-day trading, an increase of 892% from the average session volume of 24,662 shares. The stock had previously closed at $12.60.
Separately, Zacks Investment Research raised BCB Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. BCB Bancorp currently has a consensus rating of “Hold” and a consensus target price of $14.00.
The business has a 50-day moving average price of $12.55. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market capitalization of $227.11 million, a P/E ratio of 12.26, a price-to-earnings-growth ratio of 1.18 and a beta of 0.70.
Institutional investors and hedge funds have recently modified their holdings of the business. Context BH Capital Management LP acquired a new position in shares of BCB Bancorp in the 1st quarter valued at about $174,000. Martingale Asset Management L P lifted its holdings in shares of BCB Bancorp by 44.3% in the 1st quarter. Martingale Asset Management L P now owns 54,106 shares of the bank’s stock valued at $726,000 after buying an additional 16,600 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of BCB Bancorp by 16.7% in the 4th quarter. Bank of New York Mellon Corp now owns 110,748 shares of the bank’s stock valued at $1,160,000 after buying an additional 15,853 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of BCB Bancorp by 14.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 527,207 shares of the bank’s stock valued at $5,520,000 after buying an additional 66,351 shares during the period. Finally, Mackay Shields LLC acquired a new position in shares of BCB Bancorp in the 4th quarter valued at about $140,000. 28.20% of the stock is owned by institutional investors.
BCB Bancorp Company Profile (NASDAQ:BCBP)
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.
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