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

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

BCBP has been the subject of a number of other reports. Weiss Ratings reiterated a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a research report on Monday. Zacks Research upgraded shares of BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Finally, Keefe, Bruyette & Woods dropped their price target on BCB Bancorp, Inc. (NJ) from $9.50 to $9.00 and set a “market perform” rating for the company in a research note on Tuesday, October 28th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $9.25.

BCB Bancorp, Inc. (NJ) Stock Performance

NASDAQ:BCBP opened at $8.00 on Friday. The stock’s 50-day simple moving average is $8.08 and its 200 day simple moving average is $8.35. The firm has a market capitalization of $137.82 million, a PE ratio of 160.00 and a beta of 0.82. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.30. BCB Bancorp, Inc. has a twelve month low of $7.41 and a twelve month high of $13.40.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last issued its earnings results on Monday, October 27th. The bank reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. The firm had revenue of $26.46 million during the quarter, compared to the consensus estimate of $25.73 million. BCB Bancorp, Inc. (NJ) had a return on equity of 0.95% and a net margin of 1.50%. On average, analysts anticipate that BCB Bancorp, Inc. will post 1.24 EPS for the current fiscal year.

Hedge Funds Weigh In On BCB Bancorp, Inc. (NJ)

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its holdings 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 acquiring an additional 2,352 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in BCB Bancorp, Inc. (NJ) during the 3rd quarter worth approximately $89,000. Millennium Management LLC lifted its position in shares of BCB Bancorp, Inc. (NJ) by 50.5% in the 3rd quarter. Millennium Management LLC now owns 76,102 shares of the bank’s stock worth $661,000 after purchasing an additional 25,530 shares during the period. Bank of America Corp DE boosted its stake in shares of BCB Bancorp, Inc. (NJ) by 21.9% in the 3rd quarter. Bank of America Corp DE now owns 21,043 shares of the bank’s stock valued at $183,000 after purchasing an additional 3,786 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of BCB Bancorp, Inc. (NJ) by 31.8% during the third quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank’s stock worth $54,000 after buying an additional 1,497 shares during the period. 36.00% of the stock is owned by institutional investors and hedge funds.

BCB Bancorp, Inc. (NJ) Company Profile

BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank that engages in the provision of banking products and services to businesses and individuals in the United States. The company offers insured deposit products, including savings and club accounts, interest and non-interest-bearing demand accounts, money market accounts, certificates of deposit, and individual retirement accounts.