BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Stock Rating Lowered by Wall Street Zen

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Monday.

Several other research analysts have also recently weighed in on BCBP. Weiss Ratings cut shares of BCB Bancorp, Inc. (NJ) from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Piper Sandler boosted their price objective on shares of BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, April 22nd. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, BCB Bancorp, Inc. (NJ) has a consensus rating of “Reduce” and an average target price of $10.00.

BCB Bancorp, Inc. (NJ) Price Performance

Shares of NASDAQ:BCBP opened at $8.92 on Monday. The firm’s 50 day moving average price is $10.13 and its 200-day moving average price is $9.52. BCB Bancorp, Inc. has a twelve month low of $7.31 and a twelve month high of $11.71. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $161.45 million, a PE ratio of -8.11 and a beta of 0.71.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last posted its quarterly earnings data on Monday, August 3rd. The bank reported ($0.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($1.10). The business had revenue of $22.88 million during 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%. Equities research analysts expect that BCB Bancorp, Inc. will post -0.48 EPS for the current year.

Insider Activity

In related news, Director Gerald Werdann acquired 4,400 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was bought at an average cost of $11.28 per share, for a total transaction of $49,632.00. Following the purchase, the director owned 12,122 shares in the company, valued at $136,736.16. The trade was a 56.98% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 11.50% of the company’s stock.

Hedge Funds Weigh In On BCB Bancorp, Inc. (NJ)

Several large investors have recently added to or reduced their stakes in BCBP. PNC Financial Services Group Inc. lifted its stake in shares of 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 valued at $37,000 after buying an additional 2,922 shares in the last quarter. Russell Investments Group Ltd. increased its stake in BCB Bancorp, Inc. (NJ) by 174.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,200 shares of the bank’s stock worth $36,000 after buying an additional 2,669 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in BCB Bancorp, Inc. (NJ) by 76.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank’s stock worth $47,000 after buying an additional 2,352 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in BCB Bancorp, Inc. (NJ) by 31.8% during the third quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank’s stock valued at $54,000 after acquiring an additional 1,497 shares during the period. Finally, Mariner LLC bought a new stake in BCB Bancorp, Inc. (NJ) during the fourth quarter valued at about $82,000. Hedge funds and other institutional investors 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.