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

Key Points

• BCB Bancorp, Inc. (NJ) has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen.
• Piper Sandler has raised its price target for BCB Bancorp from $9.00 to $9.50, while Keefe, Bruyette & Woods lowered it from $10.50 to $9.50.
• Insiders, including Director Mark D. Hogan, have purchased shares in the company, indicating confidence in its future performance.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

BCBP has been the topic of a number of other reports. Piper Sandler upped their price target on BCB Bancorp, Inc. (NJ) from $9.00 to $9.50 and gave the company a "neutral" rating in a report on Wednesday. Keefe, Bruyette & Woods lowered their target price on BCB Bancorp, Inc. (NJ) from $10.50 to $9.50 and set a "market perform" rating on the stock in a report on Tuesday.

BCB Bancorp, Inc. (NJ) Trading Down 3.1%

Shares of NASDAQ:BCBP opened at $8.10 on Friday. The company has a market cap of $139.00 million, a P/E ratio of 42.63 and a beta of 0.76. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.19 and a quick ratio of 1.19. BCB Bancorp, Inc. has a 1 year low of $7.54 and a 1 year high of $14.04. The stock's fifty day moving average price is $8.40 and its 200-day moving average price is $9.29.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last announced its quarterly 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 firm had revenue of $25.18 million for the quarter, compared to the consensus estimate of $24.51 million. BCB Bancorp, Inc. (NJ) had a return on equity of 1.75% and a net margin of 2.72%. Sell-side analysts expect that BCB Bancorp, Inc. will post 1.24 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Mark D. Hogan bought 10,000 shares of the stock in a transaction on Friday, June 13th. The shares were bought at an average price of $7.74 per share, with a total value of $77,400.00. Following the completion of the acquisition, the director owned 621,140 shares in the company, valued at $4,807,623.60. The trade was a 1.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders bought a total of 23,880 shares of company stock valued at $188,201 over the last 90 days. 15.86% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BCBP. Voya Investment Management LLC raised its stake in shares of BCB Bancorp, Inc. (NJ) by 35.8% in the fourth quarter. Voya Investment Management LLC now owns 321,096 shares of the bank's stock worth $3,802,000 after buying an additional 84,617 shares during the period. Strs Ohio bought a new position in shares of BCB Bancorp, Inc. (NJ) in the first quarter worth about $477,000. Nuveen LLC bought a new position in shares of BCB Bancorp, Inc. (NJ) in the first quarter worth about $465,000. JPMorgan Chase & Co. raised its stake in shares of BCB Bancorp, Inc. (NJ) by 66.2% in the fourth quarter. JPMorgan Chase & Co. now owns 99,240 shares of the bank's stock worth $1,175,000 after buying an additional 39,533 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of BCB Bancorp, Inc. (NJ) in the first quarter worth about $262,000. Institutional investors own 36.00% of the company's stock.

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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