DA Davidson started coverage on shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage set a “buy” rating and a $15.00 price target on the bank’s stock. DA Davidson’s price target would indicate a potential upside of 18.11% from the company’s previous close.

A number of other research firms also recently issued reports on BCBP. ValuEngine upgraded shares of BCB Bancorp, Inc. (NJ) from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods initiated coverage on shares of BCB Bancorp, Inc. (NJ) in a research report on Thursday. They set an “outperform” rating and a $14.00 price target on the stock.

BCB Bancorp, Inc. (NASDAQ:BCBP) traded up 2.42% during midday trading on Thursday, reaching $12.70. 178,817 shares of the company’s stock were exchanged. The firm has a market capitalization of $143.51 million, a P/E ratio of 15.88 and a beta of 0.47. The stock’s 50 day moving average is $13.91 and its 200 day moving average is $15.23. BCB Bancorp, Inc. has a 52 week low of $10.91 and a 52 week high of $17.05.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last released its earnings results on Monday, July 17th. The bank reported $0.26 earnings per share (EPS) for the quarter. BCB Bancorp, Inc. (NJ) had a net margin of 12.89% and a return on equity of 8.85%. The firm had revenue of $17.09 million during the quarter. On average, analysts expect that BCB Bancorp, Inc. will post $0.85 EPS for the current fiscal year.

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In other BCB Bancorp, Inc. (NJ) news, insider Thomas Michael Coughlin purchased 20,000 shares of BCB Bancorp, Inc. (NJ) stock in a transaction on Tuesday, September 12th. The shares were purchased at an average cost of $12.25 per share, with a total value of $245,000.00. Following the completion of the transaction, the insider now directly owns 175,604 shares in the company, valued at approximately $2,151,149. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph T. Javitz bought 4,000 shares of BCB Bancorp, Inc. (NJ) stock in a transaction dated Thursday, September 14th. The shares were purchased at an average cost of $12.45 per share, for a total transaction of $49,800.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 41,500 shares of company stock worth $510,455. 16.76% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of BCB Bancorp, Inc. (NJ) by 21.4% during 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of BCB Bancorp, Inc. (NJ) by 5.0% during the second quarter. Dimensional Fund Advisors LP now owns 265,111 shares of the bank’s stock worth $4,056,000 after purchasing an additional 12,636 shares in the last quarter. State Street Corp lifted its position in shares of BCB Bancorp, Inc. (NJ) by 389.6% during 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 in the last quarter. Northern Trust Corp lifted its position in shares of BCB Bancorp, Inc. (NJ) by 334.4% during 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 in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of BCB Bancorp, Inc. (NJ) by 142.4% during 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 in the last quarter. 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.

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