Piper Sandler Issues Positive Forecast for BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Stock Price

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) had its target price raised by research analysts at Piper Sandler from $9.00 to $11.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the bank’s stock. Piper Sandler’s price objective would indicate a potential upside of 12.24% from the company’s previous close.

Several other equities analysts also recently weighed in on the stock. Zacks Research downgraded shares of BCB Bancorp, Inc. (NJ) from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Wall Street Zen raised shares of BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a research note on Friday, March 27th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $10.00.

BCB Bancorp, Inc. (NJ) Stock Performance

NASDAQ:BCBP opened at $9.80 on Wednesday. The company’s 50-day moving average price is $8.65 and its 200-day moving average price is $8.25. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.00. The company has a market cap of $170.13 million, a P/E ratio of -11.67 and a beta of 0.65. BCB Bancorp, Inc. has a twelve month low of $7.31 and a twelve month high of $9.95.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last posted its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. The firm had revenue of $24.94 million for the quarter, compared to the consensus estimate of $25.78 million. BCB Bancorp, Inc. (NJ) had a negative net margin of 6.90% and a negative return on equity of 4.35%. On average, sell-side analysts forecast that BCB Bancorp, Inc. will post 1.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Mark D. Hogan bought 5,000 shares of BCB Bancorp, Inc. (NJ) stock in a transaction on Friday, February 27th. The shares were bought at an average cost of $7.97 per share, with a total value of $39,850.00. Following the completion of the purchase, the director directly owned 103,352 shares of the company’s stock, valued at approximately $823,715.44. This trade represents a 5.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.50% of the stock is owned by company insiders.

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

Institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its position in shares of BCB Bancorp, Inc. (NJ) by 174.3% during the third quarter. Russell Investments Group Ltd. now owns 4,200 shares of the bank’s stock valued at $36,000 after acquiring an additional 2,669 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of BCB Bancorp, Inc. (NJ) by 76.8% during the third quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank’s stock valued at $47,000 after acquiring an additional 2,352 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of 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 last quarter. Mariner LLC acquired a new stake in shares of BCB Bancorp, Inc. (NJ) during the fourth quarter valued at about $82,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of BCB Bancorp, Inc. (NJ) during the third quarter valued at about $89,000. 36.00% of the stock is currently owned by institutional investors and hedge funds.

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.