BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) from a hold rating to a buy rating in a research report released on Saturday morning.

Other equities research analysts also recently issued reports about the stock. Piper Sandler raised their price target on shares of BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, April 22nd. Weiss Ratings raised shares of BCB Bancorp, Inc. (NJ) from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, June 17th. Finally, Zacks Research lowered shares of BCB Bancorp, Inc. (NJ) from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, BCB Bancorp, Inc. (NJ) presently has a consensus rating of “Hold” and a consensus target price of $10.00.

BCB Bancorp, Inc. (NJ) Price Performance

BCB Bancorp, Inc. (NJ) stock opened at $9.79 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.11 and a current ratio of 1.11. BCB Bancorp, Inc. has a 52 week low of $7.31 and a 52 week high of $11.71. The stock has a market capitalization of $169.95 million, a P/E ratio of -139.84 and a beta of 0.71. The stock has a fifty day moving average of $10.58 and a 200-day moving average of $9.43.

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). The business had revenue of $22.88 million during the quarter, compared to analyst estimates of $25.55 million. BCB Bancorp, Inc. (NJ) had a net margin of 0.39% and a return on equity of 0.24%. On average, sell-side analysts expect that BCB Bancorp, Inc. will post 1.1 earnings per share for the current fiscal year.

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

In other news, Director Gerald Werdann purchased 4,400 shares of BCB Bancorp, Inc. (NJ) stock in a transaction dated Thursday, June 4th. The shares were bought at an average cost of $11.28 per share, for a total transaction of $49,632.00. Following the completion of the acquisition, the director owned 12,122 shares in the company, valued at approximately $136,736.16. This trade represents a 56.98% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 11.50% of the company’s stock.

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

Hedge funds have recently added to or reduced their stakes in the business. Concurrent Investment Advisors LLC bought a new position in shares of BCB Bancorp, Inc. (NJ) during the fourth quarter worth about $525,000. Quantinno Capital Management LP boosted its holdings 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 valued at $1,274,000 after acquiring an additional 58,110 shares during the last quarter. Orion Porfolio Solutions LLC boosted its holdings in BCB Bancorp, Inc. (NJ) by 144.8% in the fourth quarter. Orion Porfolio Solutions LLC now owns 81,044 shares of the bank’s stock valued at $654,000 after acquiring an additional 47,943 shares during the last quarter. World Investment Advisors bought a new position in BCB Bancorp, Inc. (NJ) during the 4th quarter worth approximately $358,000. Finally, Goldman Sachs Group Inc. raised its holdings in BCB Bancorp, Inc. (NJ) by 44.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 127,151 shares of the bank’s stock worth $1,026,000 after purchasing an additional 39,146 shares during the last quarter. 36.00% of the stock is currently owned by institutional investors and hedge funds.

About BCB Bancorp, Inc. (NJ)

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.