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

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Other analysts have also issued reports about the stock. Zacks Research raised shares of BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Keefe, Bruyette & Woods cut their price objective on BCB Bancorp, Inc. (NJ) from $9.50 to $9.00 and set a “market perform” rating for the company in a research report on Tuesday, October 28th. Piper Sandler raised their price objective on BCB Bancorp, Inc. (NJ) from $9.00 to $9.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BCB Bancorp, Inc. (NJ) in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, BCB Bancorp, Inc. (NJ) presently has an average rating of “Reduce” and a consensus price target of $9.25.

BCB Bancorp, Inc. (NJ) Trading Up 1.2%

Shares of BCBP stock opened at $7.76 on Friday. The stock has a 50-day simple moving average of $8.37 and a 200 day simple moving average of $8.42. The stock has a market capitalization of $133.69 million, a P/E ratio of 155.20 and a beta of 0.82. BCB Bancorp, Inc. has a fifty-two week low of $7.54 and a fifty-two week high of $14.04. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.30.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last issued its quarterly earnings results on Monday, October 27th. The bank reported $0.22 earnings per share 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 company had revenue of $26.46 million during the quarter, compared to the consensus estimate of $25.73 million. On average, sell-side 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)

Several large investors have recently made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey bought a new position in BCB Bancorp, Inc. (NJ) during the second quarter valued at approximately $28,000. Invesco Ltd. acquired a new position in shares of BCB Bancorp, Inc. (NJ) during the 2nd quarter worth $91,000. GSA Capital Partners LLP acquired a new position in shares of BCB Bancorp, Inc. (NJ) during the 3rd quarter worth $108,000. Jump Financial LLC bought a new position in shares of BCB Bancorp, Inc. (NJ) during the 2nd quarter valued at $108,000. Finally, CWM LLC lifted its stake in shares of BCB Bancorp, Inc. (NJ) by 197.3% in the 3rd quarter. CWM LLC now owns 12,521 shares of the bank’s stock valued at $109,000 after purchasing an additional 8,309 shares during the last quarter. Institutional investors own 36.00% of the company’s stock.

About BCB Bancorp, Inc. (NJ)

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.