Equities research analysts at Keefe, Bruyette & Woods initiated coverage on shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) in a research report issued on Thursday, Marketbeat reports. The firm set an “outperform” rating and a $14.00 price target on the bank’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 10.24% from the company’s previous close.

Separately, ValuEngine raised shares of BCB Bancorp, Inc. (NJ) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.

BCB Bancorp, Inc. (NASDAQ:BCBP) traded up 2.42% during mid-day trading on Thursday, hitting $12.70. The company had a trading volume of 178,817 shares. The firm has a market capitalization of $143.51 million, a PE ratio of 15.88 and a beta of 0.47. BCB Bancorp, Inc. has a 1-year low of $10.91 and a 1-year high of $17.05. The company has a 50 day moving average of $13.91 and a 200 day moving average of $15.23.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last issued its quarterly earnings data on Monday, July 17th. The bank reported $0.26 earnings per share (EPS) for the quarter. The company 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%. Analysts predict that BCB Bancorp, Inc. will post $0.85 earnings per share for the current fiscal year.

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In other BCB Bancorp, Inc. (NJ) news, insider Thomas Michael Coughlin acquired 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were bought at an average cost of $12.25 per share, with a total value of $245,000.00. Following the completion of the acquisition, the insider now directly owns 175,604 shares in the company, valued at approximately $2,151,149. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James G. Rizzo purchased 12,500 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was purchased at an average cost of $12.25 per share, for a total transaction of $153,125.00. Following the completion of the acquisition, the director now directly owns 48,500 shares of the company’s stock, valued at approximately $594,125. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 41,500 shares of company stock worth $510,455. 16.76% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BCBP. State Street Corp grew its holdings in BCB Bancorp, Inc. (NJ) by 389.6% in the second quarter. State Street Corp now owns 126,807 shares of the bank’s stock worth $1,940,000 after purchasing an additional 100,907 shares during the last quarter. Northern Trust Corp grew its holdings in BCB Bancorp, Inc. (NJ) by 334.4% in the second quarter. Northern Trust Corp now owns 106,720 shares of the bank’s stock worth $1,633,000 after purchasing an additional 82,153 shares during the last quarter. Vanguard Group Inc. grew its holdings in BCB Bancorp, Inc. (NJ) by 21.4% in the second quarter. Vanguard Group Inc. now owns 303,932 shares of the bank’s stock worth $4,650,000 after purchasing an additional 53,474 shares during the last quarter. TIAA CREF Investment Management LLC purchased a new position in BCB Bancorp, Inc. (NJ) in the second quarter worth $394,000. Finally, Bank of New York Mellon Corp grew its holdings in BCB Bancorp, Inc. (NJ) by 142.4% in the second quarter. Bank of New York Mellon Corp now owns 41,236 shares of the bank’s stock worth $631,000 after purchasing an additional 24,224 shares during the last quarter. 23.97% of the stock is currently owned by institutional investors and hedge funds.

BCB Bancorp, Inc. (NJ) Company Profile

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.

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