BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Raised to “Strong-Buy” at Zacks Research

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Several other equities analysts have also commented on BCBP. Wall Street Zen raised BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings restated a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a report on Monday, December 29th. Finally, Piper Sandler lifted their target price on BCB Bancorp, Inc. (NJ) from $8.50 to $9.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $9.00.

BCB Bancorp, Inc. (NJ) Stock Down 1.1%

BCBP opened at $8.05 on Thursday. The stock has a market cap of $139.75 million, a PE ratio of -9.58 and a beta of 0.74. The business’s fifty day simple moving average is $8.10 and its 200 day simple moving average is $8.21. The company has a quick ratio of 1.14, a current ratio of 1.12 and a debt-to-equity ratio of 1.00. BCB Bancorp, Inc. has a 52 week low of $7.31 and a 52 week high of $10.38.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last announced its quarterly earnings data on Friday, January 30th. The bank reported ($0.73) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.87). The business had revenue of $26.17 million during the quarter, compared to the consensus estimate of $25.22 million. BCB Bancorp, Inc. (NJ) had a negative return on equity of 4.35% and a negative net margin of 6.90%. As a group, research analysts expect that BCB Bancorp, Inc. will post 1.24 earnings per share for the current fiscal year.

Insider Buying and Selling at BCB Bancorp, Inc. (NJ)

In other BCB Bancorp, Inc. (NJ) news, Director Mark D. Hogan acquired 5,000 shares of the company’s stock in a transaction dated Friday, February 27th. The stock was purchased at an average price of $7.97 per share, with a total value of $39,850.00. Following the completion of the purchase, the director directly owned 103,352 shares in the company, valued at approximately $823,715.44. The trade was a 5.08% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.86% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its position in shares of BCB Bancorp, Inc. (NJ) by 73.9% during the fourth quarter. Russell Investments Group Ltd. now owns 7,303 shares of the bank’s stock valued at $59,000 after buying an additional 3,103 shares during the last quarter. BNP Paribas Financial Markets boosted its position in BCB Bancorp, Inc. (NJ) by 31.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank’s stock valued at $54,000 after buying an additional 1,497 shares during the period. Public Employees Retirement System of Ohio grew its stake in BCB Bancorp, Inc. (NJ) by 76.8% in the third quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank’s stock worth $47,000 after purchasing an additional 2,352 shares in the last quarter. World Investment Advisors purchased a new stake in shares of BCB Bancorp, Inc. (NJ) in the 4th quarter worth approximately $358,000. Finally, Root Financial Partners LLC boosted its position in BCB Bancorp, Inc. (NJ) by 14.7% during the fourth quarter. Root Financial Partners LLC now owns 82,000 shares of the bank’s stock valued at $662,000 after purchasing an additional 10,500 shares in the last quarter. 36.00% of the stock is currently owned by institutional investors.

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.