Sandler O’Neill Begins Coverage on BCB Bancorp (BCBP)

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Investment analysts at Sandler O’Neill assumed coverage on shares of BCB Bancorp (NASDAQ:BCBP) in a research note issued on Monday. The brokerage set a “hold” rating on the bank’s stock.

Other equities research analysts have also issued research reports about the company. TheStreet lowered BCB Bancorp from a “b” rating to a “c+” rating in a research note on Thursday, December 6th. Zacks Investment Research upgraded BCB Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th. Finally, ValuEngine lowered BCB Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company. BCB Bancorp currently has a consensus rating of “Hold” and a consensus target price of $17.00.

BCB Bancorp stock traded down $0.01 during trading hours on Monday, reaching $10.98. The stock had a trading volume of 2,646 shares, compared to its average volume of 31,833. The company has a market capitalization of $173.82 million, a PE ratio of 11.93, a P/E/G ratio of 0.88 and a beta of 0.60. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.15 and a current ratio of 1.15. BCB Bancorp has a 52 week low of $10.12 and a 52 week high of $16.10.

BCB Bancorp (NASDAQ:BCBP) last announced its earnings results on Friday, October 19th. The bank reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). The firm had revenue of $21.93 million during the quarter, compared to the consensus estimate of $22.94 million. BCB Bancorp had a return on equity of 9.88% and a net margin of 12.44%. On average, equities analysts predict that BCB Bancorp will post 1.01 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of BCBP. BlackRock Inc. grew its stake in shares of BCB Bancorp by 21.0% during the second quarter. BlackRock Inc. now owns 717,441 shares of the bank’s stock worth $10,762,000 after acquiring an additional 124,568 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of BCB Bancorp by 19.1% during the second quarter. Renaissance Technologies LLC now owns 362,116 shares of the bank’s stock worth $5,432,000 after acquiring an additional 57,985 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in BCB Bancorp by 13.4% in the second quarter. Dimensional Fund Advisors LP now owns 413,270 shares of the bank’s stock valued at $6,199,000 after buying an additional 48,886 shares during the last quarter. Rhumbline Advisers purchased a new stake in BCB Bancorp in the second quarter valued at approximately $191,000. Finally, Wells Fargo & Company MN boosted its position in BCB Bancorp by 43.2% in the third quarter. Wells Fargo & Company MN now owns 41,955 shares of the bank’s stock valued at $581,000 after buying an additional 12,649 shares during the last quarter. Institutional investors and hedge funds own 30.75% of the company’s stock.

BCB Bancorp Company Profile

BCB Bancorp, Inc operates as the holding company for BCB Community Bank, a state chartered commercial bank that provides banking products and services to businesses and individuals in the United States. The company offers deposit products, including savings and club accounts, demand and NOW accounts, interest and non-interest bearing demand accounts, money market accounts, certificates of deposit, individual retirement accounts, and term certificate accounts.

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