BCB Bancorp, Inc. (NJ)'s (BCBP) Sell (D+) Rating Reaffirmed at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "sell (D+)" rating for BCB Bancorp, Inc. (NJ), indicating ongoing concerns about the stock's performance.
• While Weiss Ratings maintains a negative outlook, Zacks Research and Wall Street Zen recently upgraded the stock to a "hold" rating, reflecting a divergence in analyst sentiment.
• BCB Bancorp's stock is up by 4.1%, trading at $8.20, with a current consensus target price of $9.50, signalling mixed investor interest.

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

Other equities analysts also recently issued reports about the stock. Zacks Research raised shares of BCB Bancorp, Inc. (NJ) from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Wall Street Zen raised shares of BCB Bancorp, Inc. (NJ) from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Piper Sandler raised their price target on shares of BCB Bancorp, Inc. (NJ) from $9.00 to $9.50 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of BCB Bancorp, Inc. (NJ) from $10.50 to $9.50 and set a "market perform" rating for the company in a research report on Tuesday, July 29th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $9.50.

BCB Bancorp, Inc. (NJ) Trading Up 4.1%

Shares of BCB Bancorp, Inc. (NJ) stock traded up $0.32 during trading on Friday, reaching $8.20. 64,878 shares of the stock were exchanged, compared to its average volume of 66,589. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.30. The stock's fifty day moving average is $8.56 and its 200 day moving average is $8.54. The firm has a market cap of $140.96 million, a price-to-earnings ratio of 43.16 and a beta of 0.77. BCB Bancorp, Inc. has a 1 year low of $7.54 and a 1 year high of $14.04.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last posted its earnings results on Monday, July 28th. The bank reported $0.18 earnings per share for the quarter, hitting analysts' consensus estimates of $0.18. The company had revenue of $25.18 million during 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%. As a group, equities research analysts expect that BCB Bancorp, Inc. will post 1.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BCBP. Root Financial Partners LLC boosted its stake in shares of BCB Bancorp, Inc. (NJ) by 78.6% during the 1st quarter. Root Financial Partners LLC now owns 50,000 shares of the bank's stock worth $493,000 after acquiring an additional 22,000 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of BCB Bancorp, Inc. (NJ) by 3.5% during the 1st quarter. Bank of New York Mellon Corp now owns 85,052 shares of the bank's stock worth $839,000 after acquiring an additional 2,904 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of BCB Bancorp, Inc. (NJ) during the 1st quarter worth $122,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of BCB Bancorp, Inc. (NJ) during the 1st quarter worth $262,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of BCB Bancorp, Inc. (NJ) by 6.9% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 71,277 shares of the bank's stock worth $703,000 after acquiring an additional 4,587 shares during the last quarter. Hedge funds and other 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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