BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Raised to “Buy” at Wall Street Zen

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Other analysts have also recently issued research reports about the stock. Weiss Ratings raised shares of 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 target price on shares of 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. Finally, Zacks Research lowered shares of BCB Bancorp, Inc. (NJ) from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.00.

BCB Bancorp, Inc. (NJ) Price Performance

Shares of NASDAQ BCBP opened at $9.99 on Friday. The firm has a 50-day simple moving average of $10.58 and a 200-day simple moving average of $9.42. The stock has a market capitalization of $173.46 million, a price-to-earnings ratio of -142.69 and a beta of 0.72. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.95. BCB Bancorp, Inc. has a 52 week low of $7.31 and a 52 week high of $11.71.

Insider Activity

In related news, Director Gerald Werdann bought 4,400 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was acquired at an average cost of $11.28 per share, with a total value of $49,632.00. Following the purchase, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 11.50% of the stock is owned by company insiders.

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

A number of hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its position in 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 worth $37,000 after purchasing an additional 2,922 shares during the last quarter. Russell Investments Group Ltd. raised its stake in 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 worth $36,000 after purchasing an additional 2,669 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in BCB Bancorp, Inc. (NJ) by 76.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank’s stock valued at $47,000 after purchasing an additional 2,352 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in BCB Bancorp, Inc. (NJ) by 31.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank’s stock valued at $54,000 after purchasing an additional 1,497 shares during the last quarter. Finally, Mariner LLC purchased a new stake in shares of BCB Bancorp, Inc. (NJ) in the 4th quarter valued at approximately $82,000. Hedge funds and other institutional investors own 36.00% of the company’s stock.

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.