BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Rating Lowered to Hold at Wall Street Zen

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Other analysts also recently issued reports about the company. Weiss Ratings raised BCB Bancorp, Inc. (NJ) from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, June 17th. Piper Sandler boosted their target price on BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, April 22nd. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.00.

BCB Bancorp, Inc. (NJ) Price Performance

BCBP stock opened at $8.57 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $148.78 million, a P/E ratio of -7.79 and a beta of 0.71. The business has a 50 day simple moving average of $10.41 and a 200-day simple moving average of $9.47. BCB Bancorp, Inc. has a twelve month low of $7.31 and a twelve month 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) EPS for the quarter, missing the consensus estimate of $0.25 by ($1.10). BCB Bancorp, Inc. (NJ) had a negative net margin of 10.21% and a negative return on equity of 6.19%. The business had revenue of $22.88 million during the quarter, compared to analysts’ expectations of $25.55 million. As a group, equities analysts anticipate that BCB Bancorp, Inc. will post -0.48 EPS for the current year.

Insider Transactions at BCB Bancorp, Inc. (NJ)

In other BCB Bancorp, Inc. (NJ) news, Director Gerald Werdann purchased 4,400 shares of BCB Bancorp, Inc. (NJ) stock in a transaction dated Thursday, June 4th. The stock was acquired at an average cost of $11.28 per share, with a total value of $49,632.00. Following the acquisition, the director directly owned 12,122 shares of the company’s stock, valued at $136,736.16. This represents a 56.98% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.50% of the company’s stock.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of BCBP. Empowered Funds LLC increased its holdings in shares of BCB Bancorp, Inc. (NJ) by 3.9% in the 1st quarter. Empowered Funds LLC now owns 62,609 shares of the bank’s stock valued at $617,000 after purchasing an additional 2,365 shares in the last quarter. Jane Street Group LLC acquired a new position in BCB Bancorp, Inc. (NJ) during the first quarter worth about $146,000. Geode Capital Management LLC increased 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 buying an additional 21,035 shares in the last quarter. Rhumbline Advisers lifted its position in shares of 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 acquiring an additional 3,110 shares during the period. Finally, Invesco Ltd. purchased a new stake in shares of BCB Bancorp, Inc. (NJ) during the 2nd quarter worth approximately $91,000. Institutional investors and hedge funds own 36.00% of the company’s stock.

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.