Keefe, Bruyette & Woods Issues Pessimistic Forecast for BCB Bancorp (NASDAQ:BCBP) Stock Price

BCB Bancorp (NASDAQ:BCBP) had its target price dropped by analysts at Keefe, Bruyette & Woods from $15.00 to $13.75 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 18.44% from the company’s current price.

Separately, Piper Sandler dropped their price objective on BCB Bancorp from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday.

BCB Bancorp Stock Down 1.0 %

Shares of NASDAQ:BCBP opened at $11.61 on Thursday. The business’s 50 day moving average is $12.16 and its 200 day moving average is $12.20. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.79. BCB Bancorp has a 12-month low of $9.19 and a 12-month high of $14.04. The stock has a market cap of $197.93 million, a price-to-earnings ratio of 10.07 and a beta of 0.61.

BCB Bancorp (NASDAQ:BCBP) last issued its earnings results on Tuesday, January 28th. The bank reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.13). BCB Bancorp had a net margin of 10.59% and a return on equity of 7.31%. On average, sell-side analysts forecast that BCB Bancorp will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling at BCB Bancorp

In other news, COO Ryan Blake sold 8,677 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $13.06, for a total value of $113,321.62. Following the completion of the sale, the chief operating officer now directly owns 39,362 shares of the company’s stock, valued at approximately $514,067.72. This represents a 18.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 15.86% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BCB Bancorp

A number of hedge funds have recently made changes to their positions in the business. CWM LLC raised its position in shares of BCB Bancorp by 105.3% during the 3rd quarter. CWM LLC now owns 5,116 shares of the bank’s stock worth $63,000 after buying an additional 2,624 shares in the last quarter. Jane Street Group LLC raised its position in shares of BCB Bancorp by 5.1% during the 3rd quarter. Jane Street Group LLC now owns 15,669 shares of the bank’s stock worth $193,000 after buying an additional 767 shares in the last quarter. Barclays PLC raised its holdings in shares of BCB Bancorp by 235.3% in the 3rd quarter. Barclays PLC now owns 22,375 shares of the bank’s stock worth $277,000 after purchasing an additional 15,702 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of BCB Bancorp in the 3rd quarter worth approximately $356,000. Finally, AQR Capital Management LLC bought a new stake in shares of BCB Bancorp in the 2nd quarter worth approximately $334,000. Hedge funds and other institutional investors own 36.00% of the company’s stock.

About BCB Bancorp

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