Mark Hogan Bought 1.4% More Shares In BCB Bancorp

Whilst it may not be a huge deal, we thought it was good to see that the BCB Bancorp, Inc. (NASDAQ:BCBP) Independent Chairman of the Board, Mark Hogan, recently bought US$80k worth of stock, for US$8.04 per share. Although the purchase is not a big one, increasing their shareholding by only 1.4%, it can be interpreted as a good sign.

This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.

BCB Bancorp Insider Transactions Over The Last Year

The Executive VP, Ryan Blake, made the biggest insider sale in the last 12 months. That single transaction was for US$113k worth of shares at a price of US$13.06 each. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of US$8.09. So it may not tell us anything about how insiders feel about the current share price. Ryan Blake was the only individual insider to sell over the last year.

In the last twelve months insiders purchased 21.75k shares for US$194k. On the other hand they divested 8.68k shares, for US$113k. In total, BCB Bancorp insiders bought more than they sold over the last year. Their average price was about US$8.90. I'd consider this a positive as it suggests insiders see value at around the current price. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View our latest analysis for BCB Bancorp

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of BCB Bancorp

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that BCB Bancorp insiders own 11% of the company, worth about US$15m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About BCB Bancorp Insiders?

It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in BCB Bancorp shares, given these transactions (along with notable insider ownership of the company). So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For example - BCB Bancorp has 2 warning signs we think you should be aware of.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.