BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) from a buy rating to a hold rating in a research report released on Sunday morning.

Several other research firms have also commented on BCBP. Weiss Ratings upgraded BCB Bancorp, Inc. (NJ) from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, June 17th. Piper Sandler raised their price target on BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, BCB Bancorp, Inc. (NJ) currently has a consensus rating of “Hold” and an average target price of $10.00.

BCB Bancorp, Inc. (NJ) Price Performance

BCBP stock opened at $8.91 on Friday. The stock has a market capitalization of $154.68 million, a P/E ratio of -8.10 and a beta of 0.71. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.11 and a current ratio of 1.11. BCB Bancorp, Inc. has a one year low of $7.31 and a one year high of $11.71. The company has a 50 day moving average price of $10.47 and a two-hundred day moving average price of $9.46.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last issued its quarterly earnings results on Monday, August 3rd. The bank reported ($0.85) earnings per share 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 analyst estimates of $25.55 million. As a group, sell-side analysts expect that BCB Bancorp, Inc. will post -0.48 EPS for the current year.

Insider Buying and Selling at BCB Bancorp, Inc. (NJ)

In other news, Director Gerald Werdann bought 4,400 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were acquired at an average cost of $11.28 per share, with a total value of $49,632.00. Following the transaction, the director owned 12,122 shares of the company’s stock, valued at $136,736.16. This represents a 56.98% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 11.50% of the company’s stock.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC acquired a new stake in BCB Bancorp, Inc. (NJ) during the 4th quarter worth approximately $525,000. Quantinno Capital Management LP lifted its position in BCB Bancorp, Inc. (NJ) by 69.3% during the first quarter. Quantinno Capital Management LP now owns 141,904 shares of the bank’s stock valued at $1,274,000 after buying an additional 58,110 shares in the last quarter. Orion Porfolio Solutions LLC lifted its position in BCB Bancorp, Inc. (NJ) by 144.8% during the fourth quarter. Orion Porfolio Solutions LLC now owns 81,044 shares of the bank’s stock valued at $654,000 after buying an additional 47,943 shares in the last quarter. World Investment Advisors acquired a new stake in shares of BCB Bancorp, Inc. (NJ) in the fourth quarter worth $358,000. Finally, Goldman Sachs Group Inc. increased its position in shares of BCB Bancorp, Inc. (NJ) by 44.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 127,151 shares of the bank’s stock worth $1,026,000 after acquiring an additional 39,146 shares in the last quarter. 36.00% of the stock is currently owned by institutional investors and hedge funds.

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.