BCB Bancorp, Inc. (NJ) (BCBP) Receives Consensus Rating of “Buy” from Analysts
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) has been assigned an average broker rating score of 1.50 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company.
Brokers have set a twelve-month consensus price target of $15.00 for the company and are predicting that the company will post $0.21 earnings per share for the current quarter, according to Zacks. Zacks has also assigned BCB Bancorp, Inc. (NJ) an industry rank of 160 out of 265 based on the ratings given to related companies.
A number of research analysts have weighed in on BCBP shares. DA Davidson started coverage on shares of BCB Bancorp, Inc. (NJ) in a research note on Thursday, September 14th. They issued a “buy” rating and a $15.00 price objective on the stock. Keefe, Bruyette & Woods started coverage on shares of BCB Bancorp, Inc. (NJ) in a research note on Thursday, September 14th. They issued an “outperform” rating and a $14.00 price objective on the stock. Finally, ValuEngine raised shares of BCB Bancorp, Inc. (NJ) from a “hold” rating to a “buy” rating in a research note on Monday, September 18th.
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In other news, insider Thomas Michael Coughlin bought 20,000 shares of the stock in a transaction dated Tuesday, September 12th. The stock was bought at an average price of $12.25 per share, for a total transaction of $245,000.00. Following the completion of the acquisition, the insider now directly owns 175,604 shares in the company, valued at approximately $2,151,149. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James G. Rizzo bought 12,500 shares of the stock in a transaction dated Tuesday, September 12th. The stock was purchased at an average price of $12.25 per share, with a total value of $153,125.00. Following the acquisition, the director now owns 48,500 shares of the company’s stock, valued at $594,125. The disclosure for this purchase can be found here. Insiders acquired 47,830 shares of company stock worth $593,749 over the last ninety days. Insiders own 16.76% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. First Trust Advisors LP purchased a new stake in shares of BCB Bancorp, Inc. (NJ) in the third quarter valued at about $140,000. Rhumbline Advisers purchased a new stake in shares of BCB Bancorp, Inc. (NJ) in the second quarter valued at about $153,000. New York State Common Retirement Fund purchased a new stake in shares of BCB Bancorp, Inc. (NJ) in the second quarter valued at about $155,000. Strs Ohio raised its holdings in shares of BCB Bancorp, Inc. (NJ) by 346.4% in the third quarter. Strs Ohio now owns 12,500 shares of the bank’s stock valued at $174,000 after purchasing an additional 9,700 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of BCB Bancorp, Inc. (NJ) in the third quarter valued at about $245,000. Institutional investors own 18.08% of the company’s stock.
BCB Bancorp, Inc. (BCBP) traded down $0.50 on Tuesday, reaching $13.60. 25,816 shares of the company’s stock traded hands, compared to its average volume of 31,392. The company has a market cap of $212.70, a PE ratio of 14.74, a P/E/G ratio of 1.54 and a beta of 0.43. BCB Bancorp, Inc. has a 1-year low of $11.25 and a 1-year high of $17.05. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.40.
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last issued its earnings results on Thursday, October 19th. The bank reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The business had revenue of $17.21 million for the quarter, compared to analyst estimates of $17.70 million. BCB Bancorp, Inc. (NJ) had a net margin of 14.19% and a return on equity of 9.94%. research analysts forecast that BCB Bancorp, Inc. will post 0.92 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Friday, November 3rd will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Thursday, November 2nd. BCB Bancorp, Inc. (NJ)’s dividend payout ratio (DPR) is 58.33%.
About BCB Bancorp, Inc. (NJ)
BCB Bancorp, Inc is the holding company parent of BCB Community Bank (the Bank). The Bank is a community-oriented financial institution. Its business is to offer Federal Deposit Insurance Corporation (FDIC)-insured deposit products and to invest funds held in deposit accounts at the Bank, together with funds generated from operations, in loans and investment securities.
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