BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Stock Rating Lowered by Wall Street Zen

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Several other brokerages also recently weighed in on BCBP. Zacks Research downgraded BCB Bancorp, Inc. (NJ) from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Weiss Ratings upgraded BCB Bancorp, Inc. (NJ) from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, Piper Sandler raised their price objective on BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, April 22nd. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $10.00.

BCB Bancorp, Inc. (NJ) Trading Down 0.8%

Shares of NASDAQ BCBP opened at $11.24 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.11 and a current ratio of 1.11. The business’s 50 day moving average price is $9.85 and its 200-day moving average price is $8.73. 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 market cap of $195.13 million, a price-to-earnings ratio of -160.55 and a beta of 0.71.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last issued its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. BCB Bancorp, Inc. (NJ) had a return on equity of 0.24% and a net margin of 0.39%.The firm had revenue of $24.94 million for the quarter, compared to the consensus estimate of $25.78 million. On average, sell-side analysts expect that BCB Bancorp, Inc. will post 1.1 earnings per share for the current year.

Insider Activity at BCB Bancorp, Inc. (NJ)

In related news, Director Gerald Werdann purchased 4,400 shares of BCB Bancorp, Inc. (NJ) stock in a transaction dated Thursday, June 4th. The stock was purchased at an average cost of $11.28 per share, with a total value of $49,632.00. Following the transaction, the director owned 12,122 shares in the company, valued at approximately $136,736.16. The trade was a 56.98% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 11.50% of the company’s stock.

Institutional Trading of BCB Bancorp, Inc. (NJ)

A number of institutional investors have recently made changes to their positions in BCBP. Russell Investments Group Ltd. boosted its position in shares of 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 worth $36,000 after purchasing an additional 2,669 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of BCB Bancorp, Inc. (NJ) by 247.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,105 shares of the bank’s stock worth $37,000 after purchasing an additional 2,922 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of BCB Bancorp, Inc. (NJ) by 76.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank’s stock worth $47,000 after purchasing an additional 2,352 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of BCB Bancorp, Inc. (NJ) by 31.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank’s stock worth $54,000 after purchasing an additional 1,497 shares in the last quarter. Finally, Mariner LLC acquired a new stake in shares of BCB Bancorp, Inc. (NJ) in the 4th quarter worth $82,000. Institutional investors and hedge funds own 36.00% of the company’s stock.

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.