Wall Street Zen Upgrades BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) to “Hold”

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) was upgraded by equities research analysts at Wall Street Zen from a “strong sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other brokerages have also weighed in on BCBP. Keefe, Bruyette & Woods lowered their target price on shares of BCB Bancorp, Inc. (NJ) from $9.50 to $9.00 and set a “market perform” rating for the company in a research note on Tuesday, October 28th. Zacks Research cut shares of BCB Bancorp, Inc. (NJ) from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a report on Monday, December 29th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $9.25.

BCB Bancorp, Inc. (NJ) Price Performance

BCBP stock opened at $7.89 on Friday. BCB Bancorp, Inc. has a 52-week low of $7.31 and a 52-week high of $11.07. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.10. The stock has a market cap of $135.94 million, a price-to-earnings ratio of -9.39 and a beta of 0.77. The business has a fifty day moving average of $8.07 and a two-hundred day moving average of $8.27.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last released its quarterly earnings results on Tuesday, January 27th. The bank reported ($0.73) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.87). The business had revenue of $26.17 million for the quarter, compared to analysts’ expectations of $25.22 million. BCB Bancorp, Inc. (NJ) had a negative return on equity of 4.30% and a negative net margin of 6.90%. As a group, research analysts anticipate that BCB Bancorp, Inc. will post 1.24 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Concurrent Investment Advisors LLC purchased a new stake in BCB Bancorp, Inc. (NJ) during the 4th quarter worth about $525,000. Millennium Management LLC grew its position in shares of BCB Bancorp, Inc. (NJ) by 50.5% during the third quarter. Millennium Management LLC now owns 76,102 shares of the bank’s stock worth $661,000 after buying an additional 25,530 shares in the last quarter. Orion Porfolio Solutions LLC increased its stake in shares of BCB Bancorp, Inc. (NJ) by 179.6% during the third quarter. Orion Porfolio Solutions LLC now owns 33,101 shares of the bank’s stock worth $287,000 after buying an additional 21,264 shares during the period. Geode Capital Management LLC raised its holdings in BCB Bancorp, Inc. (NJ) by 5.4% in the second quarter. Geode Capital Management LLC now owns 407,354 shares of the bank’s stock valued at $3,430,000 after acquiring an additional 21,035 shares in the last quarter. Finally, Ibex Wealth Advisors purchased a new position in BCB Bancorp, Inc. (NJ) in the second quarter worth approximately $126,000. 36.00% of the stock is currently 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.