BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Earns "Sell (D+)" Rating from Weiss Ratings

Key Points

• BCB Bancorp, Inc. has received a "Sell (D+)" rating from Weiss Ratings, indicating ongoing concerns about the company's performance.
• The company's stock price decreased by 1.2%, trading at $8.34, with an average target price of $9.50 set by analysts.
• Several analysts have provided mixed ratings, with upgrades from "Sell" to "Hold" by firms like Wall Street Zen and Zacks Research in recent months.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report)'s stock had its "sell (d+)" rating reaffirmed by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also weighed in on BCBP. Keefe, Bruyette & Woods dropped their price objective on shares of BCB Bancorp, Inc. (NJ) from $10.50 to $9.50 and set a "market perform" rating on the stock in a research note on Tuesday, July 29th. Wall Street Zen upgraded shares of BCB Bancorp, Inc. (NJ) from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Zacks Research upgraded shares of BCB Bancorp, Inc. (NJ) from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Finally, Piper Sandler increased their price objective on shares of BCB Bancorp, Inc. (NJ) from $9.00 to $9.50 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $9.50.

BCB Bancorp, Inc. (NJ) Stock Down 1.2%

Shares of BCB Bancorp, Inc. (NJ) stock traded down $0.10 during trading on Wednesday, reaching $8.34. The company had a trading volume of 39,891 shares, compared to its average volume of 66,348. The company has a market cap of $143.36 million, a price-to-earnings ratio of 43.89 and a beta of 0.77. The firm's fifty day moving average is $8.66 and its 200-day moving average is $8.68. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.16 and a current ratio of 1.16. BCB Bancorp, Inc. has a fifty-two week low of $7.54 and a fifty-two week high of $14.04.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last issued its earnings results on Monday, July 28th. The bank reported $0.18 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.18. The business had revenue of $25.18 million for the quarter, compared to analyst estimates of $24.51 million. BCB Bancorp, Inc. (NJ) had a net margin of 2.72% and a return on equity of 1.76%. On average, analysts anticipate that BCB Bancorp, Inc. will post 1.24 EPS for the current year.

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

Several large investors have recently modified their holdings of the stock. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of BCB Bancorp, Inc. (NJ) in the second quarter worth $28,000. GAMMA Investing LLC boosted its position in shares of BCB Bancorp, Inc. (NJ) by 1,513.7% in the first quarter. GAMMA Investing LLC now owns 4,486 shares of the bank's stock worth $455,000 after buying an additional 4,208 shares during the period. Invesco Ltd. acquired a new stake in shares of BCB Bancorp, Inc. (NJ) in the second quarter worth $91,000. Private Advisor Group LLC acquired a new stake in shares of BCB Bancorp, Inc. (NJ) in the first quarter worth $122,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of BCB Bancorp, Inc. (NJ) in the first quarter worth $125,000. 36.00% of the stock is owned by institutional investors.

About BCB Bancorp, Inc. (NJ)

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.

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