BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Upgraded to Hold at Zacks Research

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

BCBP has been the subject of several other reports. Piper Sandler increased their price objective on shares of BCB Bancorp, Inc. (NJ) from $8.50 to $9.00 and gave the company a “neutral” rating in a report on Tuesday. Keefe, Bruyette & Woods lowered their price target on BCB Bancorp, Inc. (NJ) from $9.50 to $9.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 28th. Weiss Ratings restated a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a report on Monday, December 29th. Finally, Wall Street Zen raised BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a research note on Saturday, January 31st. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, BCB Bancorp, Inc. (NJ) has a consensus rating of “Reduce” and a consensus price target of $9.00.

BCB Bancorp, Inc. (NJ) Price Performance

Shares of BCBP opened at $8.26 on Wednesday. BCB Bancorp, Inc. has a one year low of $7.31 and a one year high of $10.46. The stock’s fifty day moving average is $8.11 and its 200-day moving average is $8.25. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $142.32 million, a price-to-earnings ratio of -9.83 and a beta of 0.77.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last posted its quarterly earnings data on Friday, January 30th. The bank reported ($0.73) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.87). The company had revenue of $26.17 million during the quarter, compared to analyst estimates of $25.22 million. BCB Bancorp, Inc. (NJ) had a negative return on equity of 4.30% and a negative net margin of 6.90%. Equities analysts anticipate that BCB Bancorp, Inc. will post 1.24 EPS for the current year.

Hedge Funds Weigh In On BCB Bancorp, Inc. (NJ)

Hedge funds have recently modified their holdings of the stock. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of BCB Bancorp, Inc. (NJ) during the second quarter valued at $28,000. Russell Investments Group Ltd. lifted its stake in BCB Bancorp, Inc. (NJ) by 174.3% during the third quarter. Russell Investments Group Ltd. now owns 4,200 shares of the bank’s stock valued at $36,000 after buying an additional 2,669 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in BCB Bancorp, Inc. (NJ) by 76.8% during the third quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank’s stock valued at $47,000 after buying an additional 2,352 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of BCB Bancorp, Inc. (NJ) by 31.8% in the third quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank’s stock worth $54,000 after buying an additional 1,497 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of BCB Bancorp, Inc. (NJ) in the third quarter worth approximately $89,000. 36.00% of the stock is currently owned by institutional investors and hedge funds.

About BCB Bancorp, Inc. (NJ)

BCB Bancorp, Inc is a bank holding company incorporated in New Jersey and traded on the NASDAQ under the symbol BCBP. Its primary subsidiary, Bergen Commercial Bank, operates as a full-service community bank focused on serving the financial needs of individuals and businesses in the New York metropolitan area. Headquartered in Clifton, New Jersey, the company has built its reputation on personalized banking relationships and local decision-making.

BCB Bancorp offers a comprehensive suite of deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit.