BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Receives Consensus Recommendation of "Reduce" from Brokerages

Key Points

• BCB Bancorp received a consensus “Reduce” rating from five analysts: one sell rating and four holds. The average 12-month price target is $9.45, below the recent share price of $8.62 but reflecting generally cautious sentiment.
• Analysts recently lowered their assessments, including Keefe, Bruyette & Woods cutting its target to $8.35 and Brean Capital downgrading the stock from “buy” to “neutral.”
• The bank reported a significant quarterly loss of $0.85 per share versus expectations for $0.25 in earnings, while revenue also missed estimates; analysts expect a full-year loss of $0.48 per share.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) has received an average rating of "Reduce" from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $9.45.

A number of equities analysts have commented on BCBP shares. Keefe, Bruyette & Woods dropped their price objective on shares of BCB Bancorp, Inc. (NJ) from $11.00 to $8.35 and set a "market perform" rating for the company in a research note on Thursday. Brean Capital downgraded shares of BCB Bancorp, Inc. (NJ) from a "buy" rating to a "neutral" rating and set a $9.00 price target for the company. in a report on Friday. Weiss Ratings downgraded shares of BCB Bancorp, Inc. (NJ) from a "hold (c-)" rating to a "sell (d)" rating in a report on Tuesday, August 11th. Finally, Wall Street Zen lowered BCB Bancorp, Inc. (NJ) from a "hold" rating to a "sell" rating in a research report on Monday, August 17th.

Hedge Funds Weigh In On BCB Bancorp, Inc. (NJ)

Several large investors have recently modified their holdings of BCBP. PNC Financial Services Group Inc. raised its holdings in BCB Bancorp, Inc. (NJ) by 247.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,105 shares of the bank's stock valued at $37,000 after buying an additional 2,922 shares during the period. Cannell & Spears LLC purchased a new position in BCB Bancorp, Inc. (NJ) during the first quarter worth $92,000. World Investment Advisors bought a new position in BCB Bancorp, Inc. (NJ) during the fourth quarter valued at $358,000. Bank of America Corp DE raised its stake in shares of BCB Bancorp, Inc. (NJ) by 80.1% in the first quarter. Bank of America Corp DE now owns 45,656 shares of the bank's stock valued at $410,000 after acquiring an additional 20,300 shares during the period. Finally, Strs Ohio lifted its holdings in shares of BCB Bancorp, Inc. (NJ) by 3.3% in the 1st quarter. Strs Ohio now owns 66,500 shares of the bank's stock worth $597,000 after acquiring an additional 2,100 shares during the last quarter. Institutional investors own 36.00% of the company's stock.

BCB Bancorp, Inc. (NJ) Price Performance

Shares of BCBP traded down $0.07 during mid-day trading on Friday, hitting $8.62. 73,124 shares of the stock were exchanged, compared to its average volume of 144,083. The company has a market cap of $156.02 million, a PE ratio of -7.84 and a beta of 0.69. BCB Bancorp, Inc. has a 52-week low of $7.31 and a 52-week high of $11.71. The firm has a 50-day moving average of $9.24 and a two-hundred day moving average of $9.57. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.07.

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

BCB Bancorp, Inc. (NJ) Company Profile

BCB Bancorp, Inc is the holding company for BCB Community Bank, a community-focused banking institution headquartered in Bayonne, New Jersey. Through its banking subsidiary, the company provides deposit, lending and other financial services to individuals, families and businesses.

BCB Community Bank offers checking, savings, money market and certificate of deposit accounts, along with residential and commercial real estate loans, construction financing, commercial and industrial loans, consumer loans and home equity products.

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