SG Americas Securities LLC purchased a new stake in BCB Bancorp, Inc. (NASDAQ:BCBP) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 17,560 shares of the bank’s stock, valued at approximately $245,000. SG Americas Securities LLC owned approximately 0.12% of BCB Bancorp as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. First Trust Advisors LP acquired a new position in BCB Bancorp in the third quarter valued at approximately $140,000. Rhumbline Advisers acquired a new stake in shares of BCB Bancorp in the second quarter valued at approximately $153,000. New York State Common Retirement Fund acquired a new stake in shares of BCB Bancorp in the second quarter valued at approximately $155,000. Strs Ohio boosted its holdings in shares of BCB Bancorp by 346.4% in the third quarter. Strs Ohio now owns 12,500 shares of the bank’s stock valued at $174,000 after acquiring an additional 9,700 shares during the period. Finally, Schwab Charles Investment Management Inc. acquired a new stake in shares of BCB Bancorp in the second quarter valued at approximately $250,000. 32.45% of the stock is owned by hedge funds and other institutional investors.
Shares of BCB Bancorp, Inc. (NASDAQ:BCBP) opened at $14.70 on Thursday. The firm has a market capitalization of $219.46, a P/E ratio of 15.21, a PEG ratio of 1.59 and a beta of 0.43. BCB Bancorp, Inc. has a fifty-two week low of $12.05 and a fifty-two week high of $17.05. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.86.
In other news, Director James G. Rizzo acquired 1,750 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was acquired at an average cost of $14.53 per share, with a total value of $25,427.50. Following the completion of the acquisition, the director now owns 48,500 shares of the company’s stock, valued at $704,705. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders bought 5,180 shares of company stock valued at $74,309 over the last three months. Corporate insiders own 16.76% of the company’s stock.
Several research firms have recently weighed in on BCBP. ValuEngine downgraded BCB Bancorp from a “buy” rating to a “hold” rating in a report on Friday, September 8th. DA Davidson began coverage on BCB Bancorp in a report on Thursday, September 14th. They issued a “buy” rating and a $15.00 price objective for the company. Finally, Keefe, Bruyette & Woods began coverage on BCB Bancorp in a report on Thursday, September 14th. They issued an “outperform” rating and a $14.00 price objective for the company.
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BCB Bancorp Company Profile
BCB Bancorp, Inc is the holding company parent of BCB Community Bank (the Bank). The Bank is a community-oriented financial institution. Its business is to offer Federal Deposit Insurance Corporation (FDIC)-insured deposit products and to invest funds held in deposit accounts at the Bank, together with funds generated from operations, in loans and investment securities.
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