BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Rating Increased to Hold at Wall Street Zen

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) was upgraded by investment analysts at Wall Street Zen from a “strong sell” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other equities research analysts also recently commented on BCBP. Weiss Ratings reiterated a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a report on Monday, December 29th. Zacks Research cut BCB Bancorp, Inc. (NJ) from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Finally, Keefe, Bruyette & Woods cut their price target on shares of BCB Bancorp, Inc. (NJ) from $9.50 to $9.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 28th. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $9.25.

BCB Bancorp, Inc. (NJ) Price Performance

Shares of BCBP stock opened at $7.89 on Friday. The firm’s 50 day moving average price is $8.07 and its two-hundred day moving average price is $8.28. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.14 and a current ratio of 1.14. BCB Bancorp, Inc. has a 52-week low of $7.31 and a 52-week high of $11.07. The stock has a market cap of $135.94 million, a PE ratio of 157.80 and a beta of 0.76.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last issued its earnings results on Tuesday, January 27th. The bank reported ($0.73) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.87). BCB Bancorp, Inc. (NJ) had a net margin of 1.50% and a return on equity of 0.95%. The business had revenue of $26.17 million for the quarter, compared to the consensus estimate of $25.22 million. As a group, analysts forecast that BCB Bancorp, Inc. will post 1.24 EPS for the current year.

Institutional Trading of BCB Bancorp, Inc. (NJ)

Several hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its holdings in shares of BCB Bancorp, Inc. (NJ) by 31.8% in the third quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank’s stock valued at $54,000 after purchasing an additional 1,497 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in BCB Bancorp, Inc. (NJ) by 76.8% in the third quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank’s stock valued at $47,000 after purchasing an additional 2,352 shares in the last quarter. Empowered Funds LLC grew its position in BCB Bancorp, Inc. (NJ) by 3.9% in the first quarter. Empowered Funds LLC now owns 62,609 shares of the bank’s stock valued at $617,000 after purchasing an additional 2,365 shares in the last quarter. Russell Investments Group Ltd. increased its stake in BCB Bancorp, Inc. (NJ) by 174.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,200 shares of the bank’s stock valued at $36,000 after buying an additional 2,669 shares during the last quarter. Finally, Strs Ohio lifted its position in BCB Bancorp, Inc. (NJ) by 4.9% during the 3rd quarter. Strs Ohio now owns 62,600 shares of the bank’s stock worth $543,000 after buying an additional 2,900 shares in the last quarter. 36.00% of the stock is currently owned by institutional investors and hedge funds.

BCB Bancorp, Inc. (NJ) Company Profile

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.