BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Given Average Rating of “Reduce” by Analysts

Shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) have been assigned a consensus recommendation of “Reduce” from the five analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $9.45.

A number of equities analysts recently issued reports on the company. Weiss Ratings cut BCB Bancorp, Inc. (NJ) from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Brean Capital lowered BCB Bancorp, Inc. (NJ) from a “buy” rating to a “neutral” rating and set a $9.00 target price on the stock. in a research note on Friday. Keefe, Bruyette & Woods decreased their target price on BCB Bancorp, Inc. (NJ) from $11.00 to $8.35 and set a “market perform” rating for the company in a research report on Thursday. Finally, Wall Street Zen lowered shares of BCB Bancorp, Inc. (NJ) from a “hold” rating to a “sell” rating in a research note on Monday, August 17th.

Institutional Investors Weigh In On BCB Bancorp, Inc. (NJ)

Large investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC increased its position in shares of BCB Bancorp, Inc. (NJ) by 67.6% during the first quarter. Empowered Funds LLC now owns 79,006 shares of the bank’s stock worth $709,000 after acquiring an additional 31,880 shares during the period. Bank of America Corp DE boosted its holdings in shares of BCB Bancorp, Inc. (NJ) by 80.1% in the first quarter. Bank of America Corp DE now owns 45,656 shares of the bank’s stock valued at $410,000 after purchasing an additional 20,300 shares during the period. Quantinno Capital Management LP grew its stake in BCB Bancorp, Inc. (NJ) by 69.3% in the first quarter. Quantinno Capital Management LP now owns 141,904 shares of the bank’s stock worth $1,274,000 after purchasing an additional 58,110 shares in the last quarter. Cannell & Spears LLC bought a new position in BCB Bancorp, Inc. (NJ) in the first quarter worth approximately $92,000. Finally, Renaissance Technologies LLC increased its holdings in BCB Bancorp, Inc. (NJ) by 5.5% during the 1st quarter. Renaissance Technologies LLC now owns 345,194 shares of the bank’s stock worth $3,100,000 after purchasing an additional 18,000 shares during the period. 36.00% of the stock is owned by hedge funds and other institutional investors.

BCB Bancorp, Inc. (NJ) Trading Down 0.8%

NASDAQ BCBP traded down $0.07 during trading on Friday, hitting $8.62. The stock had a trading volume of 73,124 shares, compared to its average volume of 144,083. BCB Bancorp, Inc. has a one year low of $7.31 and a one year high of $11.71. The stock has a 50 day simple moving average of $9.24 and a 200 day simple moving average of $9.57. The stock has a market capitalization of $156.02 million, a price-to-earnings ratio of -7.84 and a beta of 0.69. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.07.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last released its earnings results on Monday, August 3rd. The bank reported ($0.85) EPS for the quarter, missing analysts’ consensus estimates 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 6.29%. The business had revenue of $22.88 million for the quarter, compared to the consensus estimate of $25.55 million. Sell-side analysts predict that BCB Bancorp, Inc. will post -0.48 earnings per share for the current year.

BCB Bancorp, Inc. (NJ) Company Profile

BCB Bancorp, Inc is the holding company for BCB Community Bank, a community-focused banking institution headquartered in Bayonne, New Jersey. Through its banking subsidiary, the company provides deposit, lending and other financial services to individuals, families and businesses.

BCB Community Bank offers checking, savings, money market and certificate of deposit accounts, along with residential and commercial real estate loans, construction financing, commercial and industrial loans, consumer loans and home equity products.