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

Wall Street Zen downgraded shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) from a buy rating to a hold rating in a research report sent to investors on Sunday.

A number of other research analysts also recently commented on the stock. Weiss Ratings raised shares of BCB Bancorp, Inc. (NJ) from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, June 17th. Piper Sandler upped their price target on shares of BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 22nd. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $10.00.

BCB Bancorp, Inc. (NJ) Price Performance

BCBP opened at $8.75 on Friday. The company has a market capitalization of $151.93 million, a price-to-earnings ratio of -7.95 and a beta of 0.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.95. BCB Bancorp, Inc. has a 12-month low of $7.31 and a 12-month high of $11.71. The business’s fifty day simple moving average is $10.36 and its 200-day simple moving average is $9.47.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last released its quarterly earnings data on Monday, August 3rd. The bank reported ($0.85) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($1.10). BCB Bancorp, Inc. (NJ) had a negative net margin of 10.21% and a negative return on equity of 6.19%. The firm had revenue of $22.88 million during the quarter, compared to the consensus estimate of $25.55 million. On average, equities research analysts anticipate that BCB Bancorp, Inc. will post -0.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Gerald Werdann bought 4,400 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were bought at an average price of $11.28 per share, for a total transaction of $49,632.00. Following the completion of the purchase, the director directly owned 12,122 shares of the company’s stock, valued at approximately $136,736.16. This trade represents a 56.98% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.50% of the stock is currently owned by insiders.

Institutional Trading of BCB Bancorp, Inc. (NJ)

Hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. grew 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 buying an additional 2,922 shares during the last quarter. Russell Investments Group Ltd. lifted its position in BCB Bancorp, Inc. (NJ) by 174.3% during the third 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. Public Employees Retirement System of Ohio boosted its stake in BCB Bancorp, Inc. (NJ) by 76.8% in the third quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank’s stock valued at $47,000 after acquiring an additional 2,352 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in BCB Bancorp, Inc. (NJ) by 31.8% in the third quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank’s stock valued at $54,000 after acquiring an additional 1,497 shares in the last quarter. Finally, Mariner LLC purchased a new position in BCB Bancorp, Inc. (NJ) in the fourth quarter worth $82,000. 36.00% of the stock is owned by hedge funds and other institutional investors.

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.