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

Key Points

• Wall Street Zen downgraded BCB Bancorp to “Hold” from “Buy.” The broader analyst consensus is also “Hold,” with a consensus price target of $10.00.
• BCB Bancorp reported a significant quarterly loss, posting ($0.85) in EPS versus expectations of $0.25, while revenue of $22.88 million fell short of the $25.55 million estimate.
• The stock opened at $8.91, below its 50-day moving average of $10.47, while insiders own 11.5% of shares and institutional investors own 36.0%; a company director recently purchased 4,400 shares.

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

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings upgraded shares of BCB Bancorp, Inc. (NJ) from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, June 17th. Piper Sandler lifted their target price 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. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $10.00.

BCB Bancorp, Inc. (NJ) Price Performance

Shares of NASDAQ BCBP opened at $8.91 on Friday. BCB Bancorp, Inc. has a 1 year low of $7.31 and a 1 year high of $11.71. The stock has a market capitalization of $154.70 million, a P/E ratio of -8.10 and a beta of 0.71. The company's 50-day moving average is $10.47 and its 200 day moving average is $9.45. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 1.11.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last announced its earnings results on Monday, August 3rd. The bank reported ($0.85) EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($1.10). The business had revenue of $22.88 million for the quarter, compared to the consensus estimate of $25.55 million. BCB Bancorp, Inc. (NJ) had a negative net margin of 10.21% and a negative return on equity of 6.19%. On average, sell-side analysts expect that BCB Bancorp, Inc. will post -0.48 earnings per share for the current year.

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

In other BCB Bancorp, Inc. (NJ) news, Director Gerald Werdann purchased 4,400 shares of the stock in a transaction dated Thursday, June 4th. The shares were purchased at an average cost of $11.28 per share, with a total value of $49,632.00. Following the completion of the acquisition, the director directly owned 12,122 shares in the company, valued at $136,736.16. This trade represents a 56.98% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BCBP. Concurrent Investment Advisors LLC bought a new stake in shares of BCB Bancorp, Inc. (NJ) in the fourth quarter worth $525,000. Quantinno Capital Management LP increased its stake in shares of BCB Bancorp, Inc. (NJ) by 69.3% in the 1st quarter. Quantinno Capital Management LP now owns 141,904 shares of the bank's stock worth $1,274,000 after purchasing an additional 58,110 shares in the last quarter. Orion Porfolio Solutions LLC raised its holdings in BCB Bancorp, Inc. (NJ) by 144.8% in the 4th quarter. Orion Porfolio Solutions LLC now owns 81,044 shares of the bank's stock worth $654,000 after purchasing an additional 47,943 shares during the period. World Investment Advisors bought a new position in BCB Bancorp, Inc. (NJ) in the 4th quarter worth $358,000. Finally, Goldman Sachs Group Inc. lifted its position in BCB Bancorp, Inc. (NJ) by 44.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 127,151 shares of the bank's stock valued at $1,026,000 after purchasing an additional 39,146 shares in the last quarter. 36.00% of the stock is owned by hedge funds and other institutional investors.

BCB Bancorp, Inc. (NJ) Company Profile

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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