BCB Bancorp, Inc. (NJ) (BCBP) – What Are Investment Firms Saying About This Stock?

Shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) have received an average recommendation of “Reduce” from the five research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $8.95.

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

BCB Bancorp, Inc. (NJ) Price Performance

Shares of BCBP stock opened at $8.17 on Tuesday. The firm has a market cap of $147.88 million, a P/E ratio of -7.43 and a beta of 0.71. BCB Bancorp, Inc. has a fifty-two week low of $7.31 and a fifty-two week high of $11.71. The business’s 50 day moving average price is $8.58 and its 200-day moving average price is $9.59. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.07.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last posted its earnings results on Monday, August 3rd. The bank reported ($0.85) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($1.10). The business had revenue of $22.88 million for the quarter, compared to analysts’ expectations of $25.55 million. BCB Bancorp, Inc. (NJ) had a negative net margin of 10.21% and a negative return on equity of 6.29%. On average, equities research analysts anticipate that BCB Bancorp, Inc. will post -7.34 earnings per share for the current year.

Insider Activity

In related news, CEO Thomas O’Brien purchased 160,000 shares of the firm’s stock in a transaction that occurred on Friday, September 18th. The stock was bought at an average cost of $7.75 per share, with a total value of $1,240,000.00. Following the completion of the purchase, the chief executive officer directly owned 869,220 shares in the company, valued at approximately $6,736,455. This represents a 22.56% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jawad Chaudhry acquired 10,000 shares of the stock in a transaction on Friday, September 18th. The stock was bought at an average price of $7.75 per share, with a total value of $77,500.00. Following the completion of the acquisition, the chief financial officer directly 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 SEC filing for this purchase provides additional information. 9.03% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BCBP. PNC Financial Services Group Inc. raised its position in shares of BCB Bancorp, Inc. (NJ) by 247.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,105 shares of the bank’s stock worth $37,000 after acquiring an additional 2,922 shares in the last quarter. Cannell & Spears LLC bought a new stake in shares of BCB Bancorp, Inc. (NJ) during the first quarter valued at approximately $92,000. World Investment Advisors bought a new stake in shares of BCB Bancorp, Inc. (NJ) during the fourth quarter valued at approximately $358,000. Bank of America Corp DE boosted its position in shares of BCB Bancorp, Inc. (NJ) by 80.1% during the first quarter. Bank of America Corp DE now owns 45,656 shares of the bank’s stock valued at $410,000 after purchasing an additional 20,300 shares in the last quarter. Finally, Strs Ohio grew its stake in BCB Bancorp, Inc. (NJ) by 3.3% in 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. Hedge funds and other institutional investors own 36.00% of the company’s stock.

BCB Bancorp, Inc. (NJ) Company Profile

BCB Bancorp, Inc is the bank holding company for BCB Community Bank, a full-service community bank headquartered in Bayonne, New Jersey. The bank serves individuals, families, businesses and institutions through a network of branches and digital banking services.

BCB Community Bank offers deposit products such as checking, savings, money market and certificate accounts, along with residential mortgage, home equity, commercial real estate, construction, commercial and industrial, and consumer loans.