BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Shares of BCB Bancorp, Inc. (BCBP) traded down 9.42% during trading on Friday, reaching $12.50. The company’s stock had a trading volume of 773,483 shares. BCB Bancorp, Inc. has a 1-year low of $10.65 and a 1-year high of $17.05. The company’s 50-day moving average price is $14.28 and its 200 day moving average price is $15.31. The stock has a market capitalization of $141.25 million, a price-to-earnings ratio of 15.62 and a beta of 0.47.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last posted its earnings results on Monday, July 17th. The bank reported $0.26 earnings per share for the quarter. The business had revenue of $17.09 million for the quarter. BCB Bancorp, Inc. (NJ) had a net margin of 12.89% and a return on equity of 8.85%.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers bought a new stake in BCB Bancorp, Inc. (NJ) in the second quarter valued at about $153,000. New York State Common Retirement Fund bought a new stake in BCB Bancorp, Inc. (NJ) in the second quarter valued at about $155,000. Schwab Charles Investment Management Inc. bought a new stake in BCB Bancorp, Inc. (NJ) in the second quarter valued at about $250,000. California State Teachers Retirement System bought a new stake in BCB Bancorp, Inc. (NJ) in the second quarter valued at about $257,000. Finally, Teachers Advisors LLC bought a new stake in BCB Bancorp, Inc. (NJ) in the second quarter valued at about $280,000. 23.97% of the stock is currently owned by institutional investors and hedge funds.

About BCB Bancorp, Inc. (NJ)

BCB Bancorp, Inc is the holding company parent of BCB Community Bank (the Bank). The Bank is a community-oriented financial institution. Its business is to offer Federal Deposit Insurance Corporation (FDIC)-insured deposit products and to invest funds held in deposit accounts at the Bank, together with funds generated from operations, in loans and investment securities.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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