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

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

A number of other brokerages have also recently commented on BCBP. Piper Sandler lifted their target price on BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, April 22nd. Zacks Research lowered BCB Bancorp, Inc. (NJ) from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Finally, Weiss Ratings upgraded BCB Bancorp, Inc. (NJ) from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, June 17th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, BCB Bancorp, Inc. (NJ) has an average rating of “Hold” and an average price target of $10.00.

BCB Bancorp, Inc. (NJ) Price Performance

Shares of NASDAQ:BCBP traded up $0.27 on Friday, reaching $10.35. The company’s stock had a trading volume of 117,448 shares, compared to its average volume of 202,007. The company has a 50-day simple moving average of $10.45 and a 200 day simple moving average of $9.18. BCB Bancorp, Inc. has a 52-week low of $7.31 and a 52-week high of $11.71. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $179.71 million, a P/E ratio of -147.84 and a beta of 0.72.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. BCB Bancorp, Inc. (NJ) had a net margin of 0.39% and a return on equity of 0.24%. The firm had revenue of $24.94 million during the quarter, compared to the consensus estimate of $25.78 million. As a group, equities research analysts anticipate that BCB Bancorp, Inc. will post 1.1 EPS for the current fiscal year.

Insider Activity

In other BCB Bancorp, Inc. (NJ) news, Director Gerald Werdann bought 4,400 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were purchased at an average price of $11.28 per share, with a total value of $49,632.00. Following the completion of the purchase, the director owned 12,122 shares in the company, valued at $136,736.16. This represents a 56.98% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 11.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On BCB Bancorp, Inc. (NJ)

A number of large investors have recently bought and sold shares of BCBP. Russell Investments Group Ltd. grew its position in BCB Bancorp, Inc. (NJ) by 174.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,200 shares of the bank’s stock valued at $36,000 after acquiring an additional 2,669 shares during the last quarter. PNC Financial Services Group Inc. lifted its position 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 worth $37,000 after purchasing an additional 2,922 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of BCB Bancorp, Inc. (NJ) by 76.8% during the third 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 period. BNP Paribas Financial Markets boosted its stake in shares of BCB Bancorp, Inc. (NJ) by 31.8% during the third 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 period. Finally, Mariner LLC bought a new position in shares of BCB Bancorp, Inc. (NJ) in the fourth quarter worth about $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.