BCB Bancorp director Mark Hogan purchases $77,441 in stock

Mark D. Hogan, a director at BCB Bancorp Inc. (NASDAQ:BCBP), recently acquired 10,000 shares of the company’s common stock, according to a regulatory filing. The transaction, which took place on June 13, 2025, was valued at approximately $77,441, with the shares purchased at a price of $7.7441 each. The purchase comes as the stock trades near its 52-week low of $7.54, having declined about 38% over the past six months.

Following this acquisition, Hogan directly owns a total of 621,140 shares of BCB Bancorp. In addition to his direct holdings, Hogan also has indirect ownership of shares through an IRA and accounts held by his children. Specifically, he holds 98,352 shares through an IRA and 994 shares each through accounts labeled for "child 1" and "child 2." The company maintains an attractive 8.31% dividend yield and has consistently paid dividends for 20 consecutive years, according to InvestingPro data.

This move by Hogan adds to his significant stake in the New Jersey-based bank, reflecting confidence in the company’s prospects. While trading at a relatively high P/E ratio of 55.44, InvestingPro analysis suggests the stock may be slightly undervalued at current levels. Investors will be watching closely to see if this purchase signals any upcoming strategic shifts or growth opportunities for BCB Bancorp. For deeper insights into BCB Bancorp’s valuation and 10+ additional ProTips, visit InvestingPro.

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. This loss was primarily due to a $13.7 million specific reserve for a cannabis sector loan and additional reserves for the Business Express Loan portfolio. Despite the financial setback, BCB Bancorp declared a quarterly cash dividend of $0.16 per share. In a separate development, Keefe, Bruyette & Woods revised their price target for BCB Bancorp from $12.50 to $10.50, maintaining a Market Perform rating. The firm cited the company’s recent earnings miss and increased credit costs as reasons for the downgrade.

Additionally, BCB Bancorp completed a private placement of Series K Noncumulative Perpetual Preferred Stock, raising $520,000. This move is part of the company’s ongoing efforts to bolster its capital position. Furthermore, BCB Bancorp held its 2025 Annual Meeting of Shareholders, where five directors were elected, and the appointment of Wolf & Company, P.C. as the independent auditor was ratified. These developments reflect BCB Bancorp’s strategic initiatives amidst challenging financial circumstances.

BCB Bancorp director Mark Hogan purchases $77,441 in stock By Investing.com

BCB Bancorp director Mark Hogan purchased 10,000 shares of the company’s common stock for $77,441, valued at $7.7441 per share. The transaction occurred on June 13, 2025, as the stock traded near its 52-week low. Hogan now owns 621,140 shares directly and additional shares through IRA and children’s accounts. BCB Bancorp reported a $8.3 million net loss in Q1 2025, citing cannabis loan reserves and credit costs, but declared a $0.16 quarterly dividend. The company completed a private placement of preferred stock and held its annual shareholders meeting.