BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Announces Earnings Results

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) announced its earnings results on Monday. The bank reported ($0.85) EPS for the quarter, missing the consensus estimate of $0.25 by ($1.10), Zacks reports. BCB Bancorp, Inc. (NJ) had a return on equity of 0.24% and a net margin of 0.39%.

BCB Bancorp, Inc. (NJ) Stock Performance

Shares of NASDAQ:BCBP opened at $9.53 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 1.11. The business’s fifty day moving average price is $10.58 and its two-hundred day moving average price is $9.42. BCB Bancorp, Inc. has a fifty-two week low of $7.31 and a fifty-two week high of $11.71. The stock has a market capitalization of $165.47 million, a price-to-earnings ratio of -136.12 and a beta of 0.72.

Analyst Ratings Changes

Several research firms recently issued reports on BCBP. Piper Sandler lifted their price objective on shares of BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, April 22nd. Wall Street Zen upgraded BCB Bancorp, Inc. (NJ) from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Research downgraded BCB Bancorp, Inc. (NJ) from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Finally, Weiss Ratings raised BCB Bancorp, Inc. (NJ) from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, June 17th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.00.

Insider Activity

In other BCB Bancorp, Inc. (NJ) news, Director Gerald Werdann bought 4,400 shares of BCB Bancorp, Inc. (NJ) stock in a transaction dated 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 acquisition, the director directly owned 12,122 shares of the company’s stock, valued at $136,736.16. The trade was a 56.98% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 11.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC increased its position in BCB Bancorp, Inc. (NJ) by 3.9% in the 1st quarter. Empowered Funds LLC now owns 62,609 shares of the bank’s stock valued at $617,000 after acquiring an additional 2,365 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of BCB Bancorp, Inc. (NJ) during the first quarter worth approximately $146,000. Geode Capital Management LLC grew its stake in shares of BCB Bancorp, Inc. (NJ) by 5.4% during the second quarter. Geode Capital Management LLC now owns 407,354 shares of the bank’s stock valued at $3,430,000 after purchasing an additional 21,035 shares during the last quarter. Rhumbline Advisers grew its stake in shares of BCB Bancorp, Inc. (NJ) by 14.4% during the second quarter. Rhumbline Advisers now owns 24,763 shares of the bank’s stock valued at $208,000 after purchasing an additional 3,110 shares during the last quarter. Finally, Invesco Ltd. acquired a new stake in shares of BCB Bancorp, Inc. (NJ) in the second quarter valued at approximately $91,000. Institutional investors and hedge funds own 36.00% of the company’s stock.

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.