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

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

Several other equities research analysts also recently commented on the stock. Weiss Ratings upgraded shares of BCB Bancorp, Inc. (NJ) from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Piper Sandler lifted their price target on shares of BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, April 22nd. Finally, Zacks Research lowered shares of BCB Bancorp, Inc. (NJ) from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $10.00.

BCB Bancorp, Inc. (NJ) Price Performance

BCBP opened at $11.06 on Friday. The firm’s fifty day moving average price is $10.26 and its two-hundred day moving average price is $8.96. The company has a market capitalization of $192.00 million, a P/E ratio of -157.98 and a beta of 0.71. BCB Bancorp, Inc. has a fifty-two week low of $7.31 and a fifty-two week high of $11.71. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 1.11.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last posted its earnings results on Wednesday, April 22nd. The bank reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $24.94 million for the quarter, compared to analysts’ expectations of $25.78 million. BCB Bancorp, Inc. (NJ) had a net margin of 0.39% and a return on equity of 0.24%. On average, analysts anticipate that BCB Bancorp, Inc. will post 1.1 EPS for the current year.

Insiders Place Their Bets

In related news, Director Gerald Werdann acquired 4,400 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average price of $11.28 per share, for a total transaction of $49,632.00. Following the transaction, the director directly owned 12,122 shares of the company’s stock, valued at approximately $136,736.16. This trade represents a 56.98% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.50% of the stock is owned by company insiders.

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

Several hedge funds and other institutional investors have recently made changes to their positions in BCBP. Geode Capital Management LLC raised its position in shares of BCB Bancorp, Inc. (NJ) by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 424,874 shares of the bank’s stock worth $3,429,000 after acquiring an additional 13,161 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in BCB Bancorp, Inc. (NJ) by 5.5% in the first quarter. Renaissance Technologies LLC now owns 345,194 shares of the bank’s stock valued at $3,100,000 after acquiring an additional 18,000 shares during the last quarter. AQR Capital Management LLC boosted its holdings in BCB Bancorp, Inc. (NJ) by 11.2% in the fourth quarter. AQR Capital Management LLC now owns 166,549 shares of the bank’s stock valued at $1,344,000 after acquiring an additional 16,742 shares during the last quarter. Quantinno Capital Management LP increased its position in BCB Bancorp, Inc. (NJ) by 69.3% in the first quarter. Quantinno Capital Management LP now owns 141,904 shares of the bank’s stock worth $1,274,000 after purchasing an additional 58,110 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in BCB Bancorp, Inc. (NJ) by 44.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 127,151 shares of the bank’s stock worth $1,026,000 after purchasing an additional 39,146 shares during the period. 36.00% of the stock is owned by institutional investors and hedge funds.

About BCB Bancorp, Inc. (NJ)

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.