BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Downgraded by Wall Street Zen to "Sell"

Key Points

• Wall Street Zen downgraded BCB Bancorp to “Sell” from “Hold,” while Weiss Ratings also issued a sell rating. The stock has an average analyst rating of “Reduce” and a consensus price target of $10.00.
• BCB Bancorp reported a quarterly loss of $0.85 per share, missing the $0.25 consensus estimate, while revenue of $22.88 million fell short of expectations.
• The shares opened at $9.00, below their 50-day moving average of $10.22, and the company reported negative net margin and return on equity. Insiders own 11.5% of the stock, while institutional investors hold 36%.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Monday.

Other research analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of BCB Bancorp, Inc. (NJ) from a "hold (c-)" rating to a "sell (d)" rating in a research report on Tuesday, August 11th. Piper Sandler boosted 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. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, BCB Bancorp, Inc. (NJ) currently has an average rating of "Reduce" and a consensus target price of $10.00.

BCB Bancorp, Inc. (NJ) Price Performance

BCBP opened at $9.00 on Monday. BCB Bancorp, Inc. has a 12-month low of $7.31 and a 12-month high of $11.71. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. The business's fifty day simple moving average is $10.22 and its 200-day simple moving average is $9.50. The company has a market capitalization of $162.90 million, a price-to-earnings ratio of -8.18 and a beta of 0.71.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The bank reported ($0.85) EPS for the quarter, missing the consensus estimate of $0.25 by ($1.10). BCB Bancorp, Inc. (NJ) had a negative net margin of 10.21% and a negative return on equity of 6.29%. The firm had revenue of $22.88 million for the quarter, compared to analysts' expectations of $25.55 million. On average, equities research analysts anticipate that BCB Bancorp, Inc. will post -0.48 earnings per share for the current fiscal year.

Insider Buying and Selling at BCB Bancorp, Inc. (NJ)

In other news, Director Gerald Werdann acquired 4,400 shares of the business's stock in a transaction dated Thursday, June 4th. The shares were purchased at an average price of $11.28 per share, with a total value of $49,632.00. Following the transaction, the director directly owned 12,122 shares in the company, valued at approximately $136,736.16. This represents a 56.98% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 11.50% of the company's stock.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Empowered Funds LLC grew its holdings 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 worth $617,000 after purchasing an additional 2,365 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of BCB Bancorp, Inc. (NJ) during the 1st quarter valued at $146,000. Geode Capital Management LLC boosted its position in shares of BCB Bancorp, Inc. (NJ) by 5.4% in the 2nd quarter. Geode Capital Management LLC now owns 407,354 shares of the bank's stock worth $3,430,000 after purchasing an additional 21,035 shares in the last quarter. Rhumbline Advisers boosted its position in shares of BCB Bancorp, Inc. (NJ) by 14.4% in the 2nd quarter. Rhumbline Advisers now owns 24,763 shares of the bank's stock worth $208,000 after purchasing an additional 3,110 shares in the last quarter. Finally, Invesco Ltd. purchased a new position in BCB Bancorp, Inc. (NJ) during the 2nd quarter worth $91,000. Hedge funds and other institutional investors 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.

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