Bancorp of New Jersey (NYSEAMERICAN:BKJ) Shares Up 12.8%

Bancorp of New Jersey Inc (NYSEAMERICAN:BKJ) shares shot up 12.8% on Friday . The company traded as high as $15.83 and last traded at $15.51, 606,652 shares were traded during mid-day trading. An increase of 6,616% from the average session volume of 9,033 shares. The stock had previously closed at $13.75.

Separately, TheStreet upgraded Bancorp of New Jersey from a “c+” rating to a “b” rating in a research note on Wednesday, May 15th.

Bancorp of New Jersey (NYSEAMERICAN:BKJ) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.18 earnings per share for the quarter. The business had revenue of $6.53 million during the quarter.

A number of hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in Bancorp of New Jersey by 20.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 42,846 shares of the financial services provider’s stock worth $558,000 after buying an additional 7,352 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Bancorp of New Jersey in the second quarter worth $201,000. Finally, Parametric Portfolio Associates LLC bought a new position in shares of Bancorp of New Jersey in the second quarter worth $251,000.

About Bancorp of New Jersey (NYSEAMERICAN:BKJ)

Bancorp Of New Jersey, Inc operates as a bank holding company of Bank of New Jersey that provides various banking products and services to individuals, businesses, non-profit organizations, and governmental units. The company offers various deposit products, including interest and noninterest checking, passbook savings, and money market accounts; and time deposits, such as certificates of deposit and individual retirement accounts.

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