Jawad Chaudhry Purchases 10,000 Shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Stock

Key Points

• CFO Jawad Chaudhry purchased 10,000 BCB Bancorp shares at an average price of $7.75, investing $77,500 and increasing his direct holdings by 19.05% to 62,500 shares.
• BCBP recently reported a significant earnings miss, posting a quarterly loss of $0.85 per share versus analysts’ expectation of $0.25, while revenue also fell short of forecasts.
• Analyst sentiment has weakened, with multiple firms cutting price targets or downgrading the stock; MarketBeat lists a consensus “Reduce” rating and an average target price of $8.95.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) CFO Jawad Chaudhry bought 10,000 shares of the stock in a transaction on Friday, September 18th. The stock was bought at an average price of $7.75 per share, for a total transaction of $77,500.00. Following the completion of the purchase, the chief financial officer directly owned 62,500 shares in the company, valued at approximately $484,375. The trade was a 19.05% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

BCB Bancorp, Inc. (NJ) Stock Performance

Shares of BCB Bancorp, Inc. (NJ) stock traded down $0.06 during trading hours on Tuesday, hitting $8.64. 437,415 shares of the company were exchanged, compared to its average volume of 151,114. BCB Bancorp, Inc. has a 1 year low of $7.31 and a 1 year high of $11.71. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. The business has a 50-day moving average of $9.17 and a 200-day moving average of $9.58. The stock has a market capitalization of $156.33 million, a price-to-earnings ratio of -7.85 and a beta of 0.69.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last posted its quarterly earnings data 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 firm 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%. As a group, analysts expect that BCB Bancorp, Inc. will post -0.48 EPS for the current fiscal year.

Institutional Trading of BCB Bancorp, Inc. (NJ)

Institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings in BCB Bancorp, Inc. (NJ) by 247.0% in the first quarter. PNC Financial Services Group Inc. now owns 4,105 shares of the bank's stock valued at $37,000 after purchasing an additional 2,922 shares during the last quarter. Cannell & Spears LLC acquired a new stake in BCB Bancorp, Inc. (NJ) in the 1st quarter valued at about $92,000. World Investment Advisors purchased a new position in BCB Bancorp, Inc. (NJ) during the 4th quarter valued at about $358,000. Bank of America Corp DE raised its position in BCB Bancorp, Inc. (NJ) by 80.1% during the first quarter. Bank of America Corp DE now owns 45,656 shares of the bank's stock worth $410,000 after acquiring an additional 20,300 shares during the last quarter. Finally, Strs Ohio raised its position in BCB Bancorp, Inc. (NJ) by 3.3% during the first 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. 36.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on BCBP. Piper Sandler cut their price target on shares of BCB Bancorp, Inc. (NJ) from $11.00 to $9.50 and set a "neutral" rating for the company in a report on Monday. Weiss Ratings lowered BCB Bancorp, Inc. (NJ) from a "hold (c-)" rating to a "sell (d)" rating in a report on Tuesday, August 11th. Brean Capital cut BCB Bancorp, Inc. (NJ) from a "buy" rating to a "neutral" rating and set a $9.00 target price on the stock. in a research report on Friday. Wall Street Zen downgraded BCB Bancorp, Inc. (NJ) from a "sell" rating to a "strong sell" rating in a research note on Saturday. Finally, Keefe, Bruyette & Woods reduced their price target on BCB Bancorp, Inc. (NJ) from $11.00 to $8.35 and set a "market perform" rating for the company in a report on Thursday, September 17th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus target price of $8.95.

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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