BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Downgraded to “Strong Sell” Rating by Zacks Research

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday,Zacks.com reports.

Several other research firms have also recently weighed in on BCBP. Wall Street Zen raised BCB Bancorp, Inc. (NJ) from a “sell” rating to a “hold” rating in a report on Friday, November 28th. Keefe, Bruyette & Woods lowered their target price on shares of BCB Bancorp, Inc. (NJ) from $9.50 to $9.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a research report on Monday. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $9.25.

BCB Bancorp, Inc. (NJ) Stock Performance

BCB Bancorp, Inc. (NJ) stock opened at $7.98 on Thursday. BCB Bancorp, Inc. has a 1-year low of $7.41 and a 1-year high of $12.26. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $137.48 million, a PE ratio of 159.60 and a beta of 0.77. The firm’s 50 day simple moving average is $8.03 and its 200 day simple moving average is $8.38.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last released its quarterly earnings results on Monday, October 27th. The bank reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. BCB Bancorp, Inc. (NJ) had a net margin of 1.50% and a return on equity of 0.95%. The firm had revenue of $26.46 million during the quarter, compared to analyst estimates of $25.73 million. As a group, analysts expect that BCB Bancorp, Inc. will post 1.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BCB Bancorp, Inc. (NJ)

A number of hedge funds have recently added to or reduced their stakes in the stock. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of BCB Bancorp, Inc. (NJ) in the 2nd quarter worth $28,000. Russell Investments Group Ltd. boosted its position in BCB Bancorp, Inc. (NJ) by 174.3% in the third quarter. Russell Investments Group Ltd. now owns 4,200 shares of the bank’s stock worth $36,000 after purchasing an additional 2,669 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of BCB Bancorp, Inc. (NJ) by 76.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank’s stock valued at $47,000 after purchasing an additional 2,352 shares during the period. BNP Paribas Financial Markets grew its stake in shares of BCB Bancorp, Inc. (NJ) by 31.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank’s stock valued at $54,000 after purchasing an additional 1,497 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of BCB Bancorp, Inc. (NJ) during the 3rd quarter valued at about $89,000. 36.00% of the stock is currently owned by hedge funds and other institutional investors.

BCB Bancorp, Inc. (NJ) Company Profile

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.