Gold is 2025’s best performer. UBS sees more upside
James G. Rizzo, a director at BCB Bancorp Inc. (NASDAQ:BCBP), recently made significant purchases of the company’s common stock. On May 27, Rizzo acquired a total of 3,000 shares at a price of $8.05 per share, near the stock’s 52-week low of $7.92. According to InvestingPro data, BCBP has experienced a notable decline, down 38% over the past six months. This transaction, valued at $24,150, reflects Rizzo’s continued investment in the company. Following these purchases, Rizzo now holds 60,708 shares directly and 73,554 shares indirectly through an IRA. Additionally, there is an indirect holding of 3,100 shares through his spouse’s IRA. The $138.33M market cap company maintains a notable 8% dividend yield and has sustained dividend payments for 20 consecutive years. InvestingPro subscribers can access 10 additional key insights about BCBP’s financial health and growth prospects.
In other recent news, BCB Bancorp reported an $8.3 million net loss for the first quarter of 2025, a stark contrast to the $5.9 million net income from the same period last year. The loss per diluted share was recorded at ($0.51), down from $0.32 earnings per share in the first quarter of 2024. Despite this financial setback, the company declared a quarterly cash dividend of $0.16 per share. Additionally, BCB Bancorp issued 52 shares of its Series K Noncumulative Perpetual Preferred Stock in a private placement, raising $520,000 in gross proceeds. Keefe, Bruyette & Woods adjusted their outlook on BCB Bancorp, reducing the price target from $12.50 to $10.50, while maintaining a Market Perform rating. This revision was influenced by a significant $13.7 million reserve and increased credit costs, leading to a notable earnings miss. Shareholders recently elected five directors at the company’s Annual Meeting and ratified the appointment of Wolf & Company, P.C. as the independent auditor. These developments highlight BCB Bancorp’s ongoing financial and strategic adjustments.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.