BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen lowered shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) from a sell rating to a strong sell rating in a report issued on Saturday morning,Wall Street Zen reports.

A number of other equities analysts also recently weighed in on the company. Brean Capital downgraded BCB Bancorp, Inc. (NJ) from a “buy” rating to a “neutral” rating and set a $9.00 price target on the stock. in a research report on Friday. Keefe, Bruyette & Woods decreased their target price on BCB Bancorp, Inc. (NJ) from $11.00 to $8.35 and set a “market perform” rating on the stock in a report on Thursday, September 17th. Finally, Weiss Ratings cut BCB Bancorp, Inc. (NJ) from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, BCB Bancorp, Inc. (NJ) currently has a consensus rating of “Reduce” and a consensus target price of $8.95.

BCB Bancorp, Inc. (NJ) Price Performance

Shares of NASDAQ BCBP opened at $8.70 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.07 and a quick ratio of 1.06. The business has a 50-day moving average of $9.17 and a 200-day moving average of $9.58. The stock has a market capitalization of $157.47 million, a price-to-earnings ratio of -7.91 and a beta of 0.69. BCB Bancorp, Inc. has a fifty-two week low of $7.31 and a fifty-two week high of $11.71.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last issued its quarterly earnings results on Monday, August 3rd. The bank reported ($0.85) EPS for the quarter, missing the consensus estimate of $0.25 by ($1.10). The company had revenue of $22.88 million for the quarter, compared to analyst estimates of $25.55 million. BCB Bancorp, Inc. (NJ) had a negative net margin of 10.21% and a negative return on equity of 6.29%. As a group, sell-side analysts predict that BCB Bancorp, Inc. will post -0.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its position in shares of BCB Bancorp, Inc. (NJ) by 67.6% in the first quarter. Empowered Funds LLC now owns 79,006 shares of the bank’s stock valued at $709,000 after acquiring an additional 31,880 shares during the period. Bank of America Corp DE raised its position in shares of BCB Bancorp, Inc. (NJ) by 80.1% in the first quarter. Bank of America Corp DE now owns 45,656 shares of the bank’s stock valued at $410,000 after buying an additional 20,300 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of BCB Bancorp, Inc. (NJ) by 69.3% in the first quarter. Quantinno Capital Management LP now owns 141,904 shares of the bank’s stock valued at $1,274,000 after buying an additional 58,110 shares during the period. Cannell & Spears LLC acquired a new stake in BCB Bancorp, Inc. (NJ) during the first quarter worth approximately $92,000. Finally, Renaissance Technologies LLC increased its stake in BCB Bancorp, Inc. (NJ) by 5.5% during the 1st quarter. Renaissance Technologies LLC now owns 345,194 shares of the bank’s stock worth $3,100,000 after acquiring an additional 18,000 shares during the period. Institutional investors own 36.00% of the company’s stock.

BCB Bancorp, Inc. (NJ) Company Profile

BCB Bancorp, Inc is the holding company for BCB Community Bank, a community-focused banking institution headquartered in Bayonne, New Jersey. Through its banking subsidiary, the company provides deposit, lending and other financial services to individuals, families and businesses.

BCB Community Bank offers checking, savings, money market and certificate of deposit accounts, along with residential and commercial real estate loans, construction financing, commercial and industrial loans, consumer loans and home equity products.