Thu Sep 19 07:29:42 UTC 2024: ## Acadian Asset Management Cuts Stake in BCB Bancorp

**New York, NY** – Acadian Asset Management LLC reduced its stake in BCB Bancorp, Inc. (NASDAQ: BCBP) by 53.4% during the second quarter, according to the firm’s latest 13F filing with the SEC. This follows a period of mixed activity from other institutional investors, with some increasing their holdings while others decreased theirs.

**Institutional Activity**

Allspring Global Investments Holdings LLC purchased a new stake in BCB Bancorp during the second quarter, valued at $119,000. CWM LLC significantly increased its position in the bank by 1,232.6% during the same period, now owning 2,492 shares worth $26,000. Other investors who expanded their positions include Jacobs Levy Equity Management Inc. and Quadrature Capital Ltd. Vanguard Group Inc. also grew its stake in the company during the first quarter.

**Analyst Ratings**

Several equities analysts have recently commented on BCB Bancorp. Keefe, Bruyette & Woods raised their price objective on the stock from $12.00 to $13.00 and gave the company a “market perform” rating. Piper Sandler also increased their price target, moving it from $11.50 to $14.00 and assigning a “neutral” rating.

**Financial Performance**

BCB Bancorp reported earnings per share (EPS) of $0.14 for the second quarter, missing analysts’ estimates of $0.30. The company’s revenue also fell short of expectations, reaching $20.41 million compared to the consensus estimate of $24.65 million.

**Dividend**

BCB Bancorp recently announced a quarterly dividend of $0.16, which was paid on August 16th. The annualized dividend amounts to $0.64, resulting in a yield of 5.12%.

**About BCB Bancorp**

BCB Bancorp, Inc. operates as a bank holding company for BCB Community Bank, offering banking products and services to businesses and individuals in the United States.

**Disclaimer:** This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own due diligence before making any investment decisions.

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