BCB Bancorp shares dip after insider purchase, CEO prepares for credit review
BCB Bancorp shares fell 0.75% to $11.25 Friday despite director Gerald Werdann buying 4,400 shares for nearly $50,000. New CEO Thomas M. O’Brien said his top priority is addressing credit issues, telling investors he needs 90 days to assess loan risks. First-quarter net income was $4.9 million, with non-accrual loans down to $59.8 million. O’Brien plans to outline his strategy by late summer.