Keefe, Bruyette & Woods Trims BCB Bancorp (NASDAQ:BCBP) Target Price to $12.00

BCB Bancorp (NASDAQ:BCBP) had its price target dropped by Keefe, Bruyette & Woods from $14.00 to $12.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 23.08% from the company’s current price.

Several other research analysts also recently commented on the stock. Piper Sandler raised their price objective on shares of BCB Bancorp from $13.00 to $13.50 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. TheStreet downgraded shares of BCB Bancorp from a “b-” rating to a “c+” rating in a report on Tuesday, February 20th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $12.75.

BCB Bancorp Trading Up 1.5 %

Shares of BCBP stock opened at $9.75 on Tuesday. The company has a 50 day moving average of $10.26 and a 200-day moving average of $11.26. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.77. BCB Bancorp has a 12-month low of $9.19 and a 12-month high of $13.90. The firm has a market cap of $165.26 million, a P/E ratio of 6.25 and a beta of 0.58.

BCB Bancorp (NASDAQ:BCBP) last released its quarterly earnings data on Thursday, January 25th. The bank reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). The business had revenue of $27.15 million during the quarter, compared to the consensus estimate of $27.33 million. BCB Bancorp had a return on equity of 9.78% and a net margin of 13.41%. Sell-side analysts anticipate that BCB Bancorp will post 1.48 earnings per share for the current year.

Institutional Trading of BCB Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the stock. LSV Asset Management raised its position in BCB Bancorp by 10.2% in the 3rd quarter. LSV Asset Management now owns 146,391 shares of the bank’s stock worth $1,631,000 after purchasing an additional 13,500 shares during the period. SG Americas Securities LLC purchased a new position in BCB Bancorp in the 4th quarter worth $106,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in BCB Bancorp in the 3rd quarter worth $184,000. Bailard Inc. purchased a new position in BCB Bancorp in the 3rd quarter worth $267,000. Finally, Strs Ohio raised its position in BCB Bancorp by 407.9% in the 3rd quarter. Strs Ohio now owns 38,600 shares of the bank’s stock worth $430,000 after purchasing an additional 31,000 shares during the period. Hedge funds and other institutional investors own 36.00% of the company’s stock.

BCB Bancorp Company Profile

BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank that engages in the provision of banking products and services to businesses and individuals in the United States. The company offers insured deposit products, including savings and club accounts, interest and non-interest-bearing demand accounts, money market accounts, certificates of deposit, and individual retirement accounts.