BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Stock Has Average Price Target of $8.95

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) has earned an average recommendation of “Reduce” from the five analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $8.95.

A number of equities analysts recently weighed in on the company. Wall Street Zen cut BCB Bancorp, Inc. (NJ) from a “sell” rating to a “strong sell” rating in a report on Saturday, September 19th. Weiss Ratings lowered BCB Bancorp, Inc. (NJ) from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Piper Sandler cut their price objective on BCB Bancorp, Inc. (NJ) from $11.00 to $9.50 and set a “neutral” rating for the company in a research report on Monday, September 21st. Brean Capital downgraded BCB Bancorp, Inc. (NJ) from a “buy” rating to a “neutral” rating and set a $9.00 target price for the company. in a research note on Friday, September 18th. Finally, Keefe, Bruyette & Woods decreased their target price on BCB Bancorp, Inc. (NJ) from $11.00 to $8.35 and set a “market perform” rating on the stock in a research report on Thursday, September 17th.

Insider Buying and Selling at BCB Bancorp, Inc. (NJ)

In related news, CEO Thomas O’Brien acquired 160,000 shares of BCB Bancorp, Inc. (NJ) stock in a transaction on Friday, September 18th. The stock was bought at an average cost of $7.75 per share, for a total transaction of $1,240,000.00. Following the completion of the transaction, the chief executive officer owned 869,220 shares of the company’s stock, valued at approximately $6,736,455. The trade was a 22.56% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jawad Chaudhry acquired 10,000 shares of BCB Bancorp, Inc. (NJ) stock in a transaction on Friday, September 18th. The shares were bought at an average price of $7.75 per share, with a total value of $77,500.00. Following the completion of the transaction, the chief financial officer directly owned 62,500 shares of the company’s stock, valued at $484,375. This trade represents a 19.05% increase in their position. The disclosure for this purchase is available in the SEC filing. 11.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BCB Bancorp, Inc. (NJ)

A number of hedge funds have recently made changes to their positions in BCBP. Renaissance Technologies LLC lifted its holdings in BCB Bancorp, Inc. (NJ) by 5.5% in the 1st quarter. Renaissance Technologies LLC now owns 345,194 shares of the bank’s stock valued at $3,100,000 after purchasing an additional 18,000 shares in the last quarter. Quantinno Capital Management LP raised its position in shares of 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 valued at $1,274,000 after buying an additional 58,110 shares during the last quarter. Empowered Funds LLC raised its position in shares of BCB Bancorp, Inc. (NJ) by 67.6% in the first quarter. Empowered Funds LLC now owns 79,006 shares of the bank’s stock valued at $709,000 after buying an additional 31,880 shares during the last quarter. Strs Ohio raised its position in shares of BCB Bancorp, Inc. (NJ) by 3.3% in the first quarter. Strs Ohio now owns 66,500 shares of the bank’s stock valued at $597,000 after buying an additional 2,100 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake 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 worth $410,000 after buying an additional 20,300 shares in the last quarter. Institutional investors and hedge funds own 36.00% of the company’s stock.

BCB Bancorp, Inc. (NJ) Stock Performance

BCBP traded down $0.03 on Tuesday, reaching $8.21. The stock had a trading volume of 47,861 shares, compared to its average volume of 167,986. BCB Bancorp, Inc. has a 12-month low of $7.31 and a 12-month high of $11.71. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. The business’s 50-day moving average price is $8.64 and its two-hundred day moving average price is $9.61. The company has a market cap of $148.51 million, a P/E ratio of -7.46 and a beta of 0.71.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last issued its quarterly earnings data on Monday, August 3rd. The bank reported ($0.85) earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($1.10). BCB Bancorp, Inc. (NJ) had a negative return on equity of 6.29% and a negative net margin of 10.21%. The firm had revenue of $22.88 million during the quarter, compared to analyst estimates of $25.55 million. Sell-side analysts forecast that BCB Bancorp, Inc. will post -7.34 earnings per share for the current year.

About BCB Bancorp, Inc. (NJ)

BCB Bancorp, Inc is the bank holding company for BCB Community Bank, a full-service community bank headquartered in Bayonne, New Jersey. The bank serves individuals, families, businesses and institutions through a network of branches and digital banking services.

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