BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Price Target Cut to $9.50 by Analysts at Piper Sandler

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) had its price objective trimmed by Piper Sandler from $11.00 to $9.50 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a neutral rating on the bank’s stock.

BCBP has been the topic of a number of other research reports. Weiss Ratings cut shares of BCB Bancorp, Inc. (NJ) from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Keefe, Bruyette & Woods cut their price target 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, September 17th. Brean Capital downgraded BCB Bancorp, Inc. (NJ) from a “buy” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a report on Friday. Finally, Wall Street Zen lowered BCB Bancorp, Inc. (NJ) from a “sell” rating to a “strong sell” rating in a research note on Saturday. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $8.95.

BCB Bancorp, Inc. (NJ) Stock Down 0.2%

BCBP opened at $8.70 on Monday. BCB Bancorp, Inc. has a fifty-two week low of $7.31 and a fifty-two week high of $11.71. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.07 and a quick ratio of 1.06. The firm’s fifty day moving average price is $9.17 and its two-hundred day moving average price is $9.58. The company has a market capitalization of $157.47 million, a P/E ratio of -7.91 and a beta of 0.69.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last announced its quarterly earnings results on Monday, August 3rd. The bank reported ($0.85) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($1.10). The business had revenue of $22.88 million during 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 6.29%. On average, analysts anticipate that BCB Bancorp, Inc. will post -0.48 EPS for the current year.

Institutional Investors Weigh In On BCB Bancorp, Inc. (NJ)

Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its holdings in BCB Bancorp, Inc. (NJ) by 5.5% during the 1st quarter. Renaissance Technologies LLC now owns 345,194 shares of the bank’s stock valued at $3,100,000 after purchasing an additional 18,000 shares during the last quarter. Quantinno Capital Management LP grew its stake in BCB Bancorp, Inc. (NJ) by 69.3% during the first quarter. Quantinno Capital Management LP now owns 141,904 shares of the bank’s stock worth $1,274,000 after buying an additional 58,110 shares during the last quarter. Root Financial Partners LLC increased its holdings in shares of BCB Bancorp, Inc. (NJ) by 14.7% during the fourth quarter. Root Financial Partners LLC now owns 82,000 shares of the bank’s stock worth $662,000 after buying an additional 10,500 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of BCB Bancorp, Inc. (NJ) by 67.6% during the first quarter. Empowered Funds LLC now owns 79,006 shares of the bank’s stock worth $709,000 after buying an additional 31,880 shares in the last quarter. Finally, Strs Ohio increased its holdings in shares of 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 buying an additional 2,100 shares in the last quarter. Institutional investors own 36.00% of the company’s stock.

About BCB Bancorp, Inc. (NJ)

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.