BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Stock Has Average Price Target of $8.95 According to Brokerages

Shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) have been assigned a consensus rating of “Reduce” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $8.95.

Several analysts have commented on BCBP shares. Wall Street Zen cut shares of BCB Bancorp, Inc. (NJ) from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 19th. Piper Sandler cut their price objective on BCB Bancorp, Inc. (NJ) from $11.00 to $9.50 and set a “neutral” rating on the stock in a report on Monday, September 21st. Weiss Ratings downgraded BCB Bancorp, Inc. (NJ) from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Brean Capital downgraded BCB Bancorp, Inc. (NJ) from a “buy” rating to a “neutral” rating and set a $9.00 target price on the stock. in a report on Friday, September 18th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of BCB Bancorp, Inc. (NJ) from $11.00 to $8.35 and set a “market perform” rating on the stock in a report on Thursday, September 17th.

BCB Bancorp, Inc. (NJ) Stock Up 0.4%

BCBP opened at $9.17 on Friday. The business’s 50-day simple moving average is $8.56 and its 200-day simple moving average is $9.19. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.07. The stock has a market capitalization of $165.98 million, a P/E ratio of -1.11 and a beta of 0.70. BCB Bancorp, Inc. has a one year low of $7.31 and a one year high of $11.71.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last posted its quarterly earnings data on Thursday, October 29th. The bank reported ($6.92) earnings per share (EPS) for the quarter, beating the consensus estimate of ($8.53) by $1.61. The business had revenue of $27.77 million during the quarter, compared to analysts’ expectations of $0.07 million. BCB Bancorp, Inc. (NJ) had a negative net margin of 90.51% and a negative return on equity of 55.94%. Analysts anticipate that BCB Bancorp, Inc. will post -7.57 EPS for the current year.

Insider Activity

In other news, CFO Jawad Chaudhry bought 10,000 shares of the firm’s stock in a transaction dated Friday, September 18th. The stock was acquired at an average cost of $7.75 per share, for a total transaction of $77,500.00. Following the completion of the purchase, the chief financial officer owned 62,500 shares of the company’s stock, valued at $484,375. This trade represents a 19.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas O’Brien purchased 160,000 shares of the stock in a transaction dated Friday, September 18th. The shares were acquired at an average price of $7.75 per share, for a total transaction of $1,240,000.00. Following the acquisition, the chief executive officer directly owned 869,220 shares of the company’s stock, valued at $6,736,455. This represents a 22.56% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 170,112 shares of company stock valued at $1,318,503 over the last 90 days. 9.03% of the stock is currently owned by insiders.

Institutional Trading of BCB Bancorp, Inc. (NJ)

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its holdings in shares of BCB Bancorp, Inc. (NJ) by 247.0% during the first quarter. PNC Financial Services Group Inc. now owns 4,105 shares of the bank’s stock valued at $37,000 after acquiring an additional 2,922 shares during the last quarter. Cannell & Spears LLC bought a new position in shares of BCB Bancorp, Inc. (NJ) in the first quarter worth about $92,000. Bank of America Corp DE grew its position in shares of BCB Bancorp, Inc. (NJ) by 80.1% during the 1st quarter. Bank of America Corp DE now owns 45,656 shares of the bank’s stock worth $410,000 after buying an additional 20,300 shares during the period. Strs Ohio boosted its position in BCB Bancorp, Inc. (NJ) by 3.3% during the first quarter. Strs Ohio now owns 66,500 shares of the bank’s stock worth $597,000 after purchasing an additional 2,100 shares during the period. Finally, Empowered Funds LLC increased its position in BCB Bancorp, Inc. (NJ) by 67.6% in the 1st quarter. Empowered Funds LLC now owns 79,006 shares of the bank’s stock valued at $709,000 after acquiring an additional 31,880 shares during the period. Hedge funds and other institutional investors own 36.00% of the company’s stock.

About BCB Bancorp, Inc. (NJ)

BCB Bancorp, Inc is the bank holding company for BCB Community Bank, a full-service community bank headquartered in Bayonne, New Jersey. The bank provides deposit products, residential and commercial real estate lending, commercial and industrial loans, consumer loans, and other banking services to individuals, families, businesses, and nonprofit organizations.

BCB Community Bank serves customers through a branch network and digital banking channels in communities across New Jersey and parts of New York.