BCB Bancorp, Inc. (NASDAQ:BCBP) Short Interest Update

BCB Bancorp, Inc. (NASDAQ:BCBP) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 81,900 shares, an increase of 9.8% from the December 15th total of 74,600 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 43,900 shares, the days-to-cover ratio is presently 1.9 days.

BCB Bancorp Stock Performance

NASDAQ:BCBP traded down $0.02 during mid-day trading on Friday, reaching $11.61. 40,095 shares of the company’s stock were exchanged, compared to its average volume of 47,214. BCB Bancorp has a one year low of $9.19 and a one year high of $14.04. The firm has a market capitalization of $197.95 million, a PE ratio of 9.92 and a beta of 0.61. The business’s fifty day simple moving average is $12.40 and its two-hundred day simple moving average is $12.13. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.23 and a current ratio of 1.23.

BCB Bancorp (NASDAQ:BCBP) last released its quarterly earnings results on Friday, October 18th. The bank reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. BCB Bancorp had a net margin of 10.59% and a return on equity of 7.31%. The business had revenue of $51.75 million for the quarter, compared to analyst estimates of $25.29 million. Analysts anticipate that BCB Bancorp will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods increased their price objective on shares of BCB Bancorp from $13.25 to $13.50 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd.

Insider Buying and Selling at BCB Bancorp

In other news, COO Ryan Blake sold 8,677 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $13.06, for a total value of $113,321.62. Following the transaction, the chief operating officer now directly owns 39,362 shares of the company’s stock, valued at $514,067.72. This represents a 18.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 28.70% of the company’s stock.

Hedge Funds Weigh In On BCB Bancorp

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in BCB Bancorp by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 367,403 shares of the bank’s stock valued at $4,534,000 after buying an additional 7,631 shares during the period. Segall Bryant & Hamill LLC bought a new position in BCB Bancorp in the 3rd quarter valued at about $1,450,000. Empowered Funds LLC increased its holdings in BCB Bancorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 73,121 shares of the bank’s stock valued at $902,000 after buying an additional 3,618 shares during the period. JPMorgan Chase & Co. increased its holdings in BCB Bancorp by 345.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,707 shares of the bank’s stock valued at $737,000 after buying an additional 46,302 shares during the period. Finally, AQR Capital Management LLC bought a new position in BCB Bancorp in the 2nd quarter valued at about $334,000. 36.00% of the stock is owned by institutional investors.

About BCB Bancorp

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.