BCB Bancorp, Inc. (NJ) (BCBP) – What Are Analysts Thinking About This Stock?

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) has been given an average rating of “Reduce” by the five ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $8.95.

BCBP has been the topic of a number of research reports. 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. Brean Capital cut BCB Bancorp, Inc. (NJ) from a “buy” rating to a “neutral” rating and set a $9.00 target price for the company. in a report on Friday, September 18th. Piper Sandler dropped their target price on BCB Bancorp, Inc. (NJ) from $11.00 to $9.50 and set a “neutral” rating for the company in a research report on Monday, September 21st. Keefe, Bruyette & Woods cut their target price on shares of BCB Bancorp, Inc. (NJ) from $11.00 to $8.35 and set a “market perform” rating on the stock in a research note on Thursday, September 17th. Finally, Wall Street Zen downgraded BCB Bancorp, Inc. (NJ) from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 19th.

BCB Bancorp, Inc. (NJ) Trading Down 0.3%

BCBP stock traded down $0.03 during trading on Tuesday, reaching $8.21. 47,861 shares of the stock were exchanged, compared to its average volume of 167,986. The firm has a market capitalization of $148.51 million, a price-to-earnings ratio of -7.46 and a beta of 0.71. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average price of $8.64 and a 200-day moving average price of $9.61. BCB Bancorp, Inc. has a 1 year low of $7.31 and a 1 year high of $11.71.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last released its quarterly earnings results on Monday, August 3rd. The bank reported ($0.85) earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($1.10). The business had revenue of $22.88 million for the quarter, compared to analysts’ expectations of $25.55 million. BCB Bancorp, Inc. (NJ) had a negative return on equity of 6.29% and a negative net margin of 10.21%. On average, research analysts predict that BCB Bancorp, Inc. will post -7.34 earnings per share for the current year.

Insider Activity at BCB Bancorp, Inc. (NJ)

In related news, CEO Thomas O’Brien acquired 160,000 shares of the business’s stock in a transaction on Friday, September 18th. The shares were bought at an average price of $7.75 per share, with a total value of $1,240,000.00. Following the completion of the acquisition, the chief executive officer owned 869,220 shares in the company, valued at $6,736,455. This trade represents a 22.56% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jawad Chaudhry acquired 10,000 shares of BCB Bancorp, Inc. (NJ) stock in a transaction dated Friday, September 18th. The shares were bought at an average price of $7.75 per share, with a total value of $77,500.00. Following the transaction, the chief financial officer directly owned 62,500 shares in the company, valued at approximately $484,375. The trade was a 19.05% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 11.50% of the company’s stock.

Institutional Trading of BCB Bancorp, Inc. (NJ)

Hedge funds and other institutional investors have recently made changes to their positions in the company. Strs Ohio lifted its holdings in shares of BCB Bancorp, Inc. (NJ) by 3.3% in the 1st quarter. Strs Ohio now owns 66,500 shares of the bank’s stock valued at $597,000 after purchasing an additional 2,100 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in BCB Bancorp, Inc. (NJ) by 247.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,105 shares of the bank’s stock worth $37,000 after buying an additional 2,922 shares during the last quarter. Cannell & Spears LLC acquired a new position in BCB Bancorp, Inc. (NJ) during the first quarter worth approximately $92,000. Renaissance Technologies LLC lifted its stake in BCB Bancorp, Inc. (NJ) by 5.5% in the first quarter. Renaissance Technologies LLC now owns 345,194 shares of the bank’s stock valued at $3,100,000 after buying an additional 18,000 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in 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 during the last quarter. Institutional investors and hedge funds own 36.00% of the company’s stock.

BCB Bancorp, Inc. (NJ) Company Profile

BCB Bancorp, Inc is the bank holding company for BCB Community Bank, a full-service community bank headquartered in Bayonne, New Jersey. The bank serves individuals, families, businesses and institutions through a network of branches and digital banking services.

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