Bcb Bancorp director James Rizzo buys $15,400 in stock

James G. Rizzo, a director at BCB Bancorp Inc. (NASDAQ: BCBP), recently acquired 2,000 shares of the company’s common stock. The purchase, made on June 13, involved a total transaction value of $15,400, with each share priced at $7.70. The acquisition comes as the stock trades near its 52-week low of $7.54, down 38% over the past six months. According to InvestingPro analysis, BCBP appears slightly undervalued at current levels. Following this acquisition, Rizzo directly owns 62,708 shares of BCB Bancorp. Additionally, he holds 73,554 shares indirectly through an IRA and 3,100 shares through his spouse’s IRA. The stock currently offers an attractive 8.31% dividend yield, having maintained dividend payments for 20 consecutive years.

In other recent news, BCB Bancorp reported an $8.3 million net loss for the first quarter of 2025, contrasting with a net income of $5.9 million in the same period the previous year. This loss is primarily due to a $13.7 million reserve for a loan in the cannabis sector, which faced a downgrade due to the borrower’s financial deterioration. Despite the loss, the company declared a quarterly cash dividend of $0.16 per share. In a private placement, BCB Bancorp issued 52 shares of its Series K Noncumulative Perpetual Preferred Stock, raising $520,000. The company also held its 2025 Annual Meeting of Shareholders, electing five directors and ratifying the appointment of Wolf & Company, P.C. as its independent auditor. Meanwhile, Keefe, Bruyette & Woods adjusted BCB Bancorp’s price target from $12.50 to $10.50, maintaining a Market Perform rating. The firm cited BCB Bancorp’s recent financial results, including higher credit costs, as reasons for the adjustment. They have revised their earnings estimates downward, projecting $0.15 per share for 2025 and $1.48 for 2026.

Bcb Bancorp director James Rizzo buys $15,400 in stock By Investing.com

James G. Rizzo, a director at BCB Bancorp Inc., purchased 2,000 shares of the company’s common stock for $15,400, with each share priced at $7.70. The stock trades near its 52-week low of $7.54, down 38% over six months. BCB Bancorp reported an $8.3 million net loss in Q1 2025, driven by a $13.7 million reserve for a cannabis-sector loan. The company declared a $0.16 quarterly dividend and issued preferred stock in a private placement. Analysts adjusted their price target to $10.50, citing higher credit costs.