BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Issues Earnings Results

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) announced its quarterly earnings results on Friday. The bank reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.87), Zacks reports. BCB Bancorp, Inc. (NJ) had a return on equity of 0.95% and a net margin of 1.50%.The business had revenue of $26.17 million during the quarter, compared to the consensus estimate of $25.22 million.

BCB Bancorp, Inc. (NJ) Price Performance

NASDAQ:BCBP traded up $0.07 during mid-day trading on Friday, reaching $7.89. The stock had a trading volume of 196,674 shares, compared to its average volume of 97,388. BCB Bancorp, Inc. has a 12 month low of $7.31 and a 12 month high of $11.07. The stock has a market capitalization of $135.93 million, a PE ratio of 157.80 and a beta of 0.76. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a 50-day simple moving average of $8.06 and a two-hundred day simple moving average of $8.29.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Empowered Funds LLC raised its stake in shares of BCB Bancorp, Inc. (NJ) by 3.9% during the first quarter. Empowered Funds LLC now owns 62,609 shares of the bank’s stock valued at $617,000 after acquiring an additional 2,365 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of BCB Bancorp, Inc. (NJ) in the first quarter worth approximately $146,000. Geode Capital Management LLC boosted its holdings in BCB Bancorp, Inc. (NJ) by 5.4% in the second quarter. Geode Capital Management LLC now owns 407,354 shares of the bank’s stock valued at $3,430,000 after acquiring an additional 21,035 shares during the last quarter. Rhumbline Advisers increased its position in BCB Bancorp, Inc. (NJ) by 14.4% during the 2nd quarter. Rhumbline Advisers now owns 24,763 shares of the bank’s stock valued at $208,000 after purchasing an additional 3,110 shares during the period. Finally, Invesco Ltd. bought a new position in BCB Bancorp, Inc. (NJ) during the 2nd quarter worth approximately $91,000. 36.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reduced their price target on shares of BCB Bancorp, Inc. (NJ) from $9.50 to $9.00 and set a “market perform” rating for the company in a report on Tuesday, October 28th. Wall Street Zen downgraded shares of BCB Bancorp, Inc. (NJ) from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a research note on Monday, December 29th. Finally, Zacks Research downgraded BCB Bancorp, Inc. (NJ) from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $9.25.

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.