BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) CEO Purchases $1,240,000.00 in Stock

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) CEO Thomas Obrien bought 160,000 shares of the firm’s stock in a transaction on Friday, September 18th. The shares were bought at an average price of $7.75 per share, for a total transaction of $1,240,000.00. Following the completion of the transaction, the chief executive officer directly owned 869,220 shares in the company, valued at approximately $6,736,455. This represents a 22.56% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

BCB Bancorp, Inc. (NJ) Stock Performance

NASDAQ:BCBP opened at $8.75 on Friday. The firm’s fifty day simple moving average is $9.07 and its 200-day simple moving average is $9.59. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.63. The stock has a market cap of $158.38 million, a PE ratio of -7.95 and a beta of 0.69. BCB Bancorp, Inc. has a fifty-two week low of $7.31 and a fifty-two week high of $11.71.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last released its quarterly earnings data 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 return on equity of 6.29% and a negative net margin of 10.21%.The company had revenue of $22.88 million for the quarter, compared to analysts’ expectations of $25.55 million. Analysts expect that BCB Bancorp, Inc. will post -7.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Weiss Ratings lowered BCB Bancorp, Inc. (NJ) from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Keefe, Bruyette & Woods reduced their price objective on BCB Bancorp, Inc. (NJ) from $11.00 to $8.35 and set a “market perform” rating for the company in a report on Thursday, September 17th. Piper Sandler reduced their price objective on BCB Bancorp, Inc. (NJ) from $11.00 to $9.50 and set a “neutral” rating for the company in a report on Monday. Wall Street Zen downgraded BCB Bancorp, Inc. (NJ) from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 19th. Finally, 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 report on Friday, September 18th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, BCB Bancorp, Inc. (NJ) has an average rating of “Reduce” and an average price target of $8.95.

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

A number of large investors have recently bought and sold shares of BCBP. PNC Financial Services Group Inc. increased its position in BCB Bancorp, Inc. (NJ) by 247.0% during the first 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 in the last quarter. Cannell & Spears LLC purchased a new stake in shares of BCB Bancorp, Inc. (NJ) in the first quarter valued at $92,000. World Investment Advisors acquired a new stake in shares of BCB Bancorp, Inc. (NJ) during the fourth quarter valued at $358,000. Bank of America Corp DE boosted its stake in shares of BCB Bancorp, Inc. (NJ) by 80.1% during the first quarter. Bank of America Corp DE now owns 45,656 shares of the bank’s stock valued at $410,000 after acquiring an additional 20,300 shares during the last quarter. Finally, Strs Ohio boosted its stake in shares of BCB Bancorp, Inc. (NJ) by 3.3% during the first quarter. Strs Ohio now owns 66,500 shares of the bank’s stock valued at $597,000 after acquiring an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 36.00% of the company’s stock.

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.