BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Upgraded to “Strong-Buy” at Zacks Research

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

BCBP has been the subject of several other reports. Wall Street Zen upgraded BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a research report on Monday, December 29th. Finally, Piper Sandler lifted their price objective on shares of BCB Bancorp, Inc. (NJ) from $8.50 to $9.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $9.00.

BCB Bancorp, Inc. (NJ) Trading Down 1.1%

Shares of BCB Bancorp, Inc. (NJ) stock opened at $8.05 on Thursday. The firm has a market capitalization of $139.75 million, a PE ratio of -9.58 and a beta of 0.74. The company has a current ratio of 1.12, a quick ratio of 1.14 and a debt-to-equity ratio of 1.00. The firm’s 50 day moving average is $8.10 and its 200 day moving average is $8.21. BCB Bancorp, Inc. has a 1 year low of $7.31 and a 1 year high of $10.38.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last announced its earnings results on Friday, January 30th. The bank reported ($0.73) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.87). The company had revenue of $26.17 million during the quarter, compared to the consensus estimate of $25.22 million. BCB Bancorp, Inc. (NJ) had a negative net margin of 6.90% and a negative return on equity of 4.35%. Equities research analysts forecast that BCB Bancorp, Inc. will post 1.24 earnings per share for the current fiscal year.

Insider Transactions at BCB Bancorp, Inc. (NJ)

In other news, Director Mark D. Hogan bought 5,000 shares of the stock in a transaction on Friday, February 27th. The shares were purchased at an average cost of $7.97 per share, for a total transaction of $39,850.00. Following the completion of the purchase, the director directly owned 103,352 shares in the company, valued at $823,715.44. This represents a 5.08% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 15.86% of the stock is owned by corporate insiders.

Institutional Trading of BCB Bancorp, Inc. (NJ)

Several hedge funds and other institutional investors have recently modified their holdings of BCBP. Geode Capital Management LLC lifted its stake in shares of BCB Bancorp, Inc. (NJ) by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 424,874 shares of the bank’s stock valued at $3,429,000 after buying an additional 13,161 shares in the last quarter. AQR Capital Management LLC grew its stake in BCB Bancorp, Inc. (NJ) by 11.2% in the 4th quarter. AQR Capital Management LLC now owns 166,549 shares of the bank’s stock valued at $1,344,000 after buying an additional 16,742 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of BCB Bancorp, Inc. (NJ) by 44.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 127,151 shares of the bank’s stock worth $1,026,000 after acquiring an additional 39,146 shares in the last quarter. Trexquant Investment LP lifted its position in shares of BCB Bancorp, Inc. (NJ) by 63.3% during the fourth quarter. Trexquant Investment LP now owns 99,171 shares of the bank’s stock worth $800,000 after acquiring an additional 38,441 shares in the last quarter. Finally, Root Financial Partners LLC boosted its holdings in shares of BCB Bancorp, Inc. (NJ) by 14.7% in the fourth quarter. Root Financial Partners LLC now owns 82,000 shares of the bank’s stock worth $662,000 after acquiring an additional 10,500 shares during the period. Institutional investors own 36.00% of the company’s stock.

BCB Bancorp, Inc. (NJ) Company Profile

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.