Geode Capital Management LLC Raises Position in BCB Bancorp (BCBP)
Geode Capital Management LLC increased its position in shares of BCB Bancorp (NASDAQ:BCBP) by 13.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 106,802 shares of the bank’s stock after acquiring an additional 13,060 shares during the period. Geode Capital Management LLC owned about 0.71% of BCB Bancorp worth $1,548,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of BCBP. State Street Corp grew its position in BCB Bancorp by 389.6% during the 2nd quarter. State Street Corp now owns 126,807 shares of the bank’s stock worth $1,940,000 after acquiring an additional 100,907 shares during the last quarter. California State Teachers Retirement System bought a new stake in BCB Bancorp during the 2nd quarter worth $257,000. Wells Fargo & Company MN grew its position in BCB Bancorp by 2,369.8% during the 3rd quarter. Wells Fargo & Company MN now owns 9,904 shares of the bank’s stock worth $139,000 after acquiring an additional 9,503 shares during the last quarter. OxFORD Asset Management LLP bought a new stake in BCB Bancorp during the 3rd quarter worth $338,000. Finally, Schwab Charles Investment Management Inc. grew its position in BCB Bancorp by 180.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 45,689 shares of the bank’s stock worth $663,000 after acquiring an additional 29,389 shares during the last quarter. Institutional investors and hedge funds own 32.36% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods lowered BCB Bancorp from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 27th. Zacks Investment Research lowered BCB Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 18th.
BCB Bancorp (NASDAQ:BCBP) last released its quarterly earnings results on Monday, April 23rd. The bank reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. BCB Bancorp had a return on equity of 9.72% and a net margin of 13.86%. The firm had revenue of $19.83 million for the quarter, compared to analyst estimates of $19.88 million. equities research analysts expect that BCB Bancorp will post 1.2 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 18th. Shareholders of record on Friday, May 4th will be given a $0.14 dividend. The ex-dividend date is Thursday, May 3rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.58%. BCB Bancorp’s dividend payout ratio (DPR) is presently 60.87%.
BCB Bancorp Profile
BCB Bancorp, Inc operates as the 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 savings and club accounts, demand and NOW accounts, interest and non-interest bearing demand accounts, money market accounts, certificates of deposit, individual retirement accounts, and term certificate accounts.
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