BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Announces Earnings Results, Misses Estimates By $1.10 EPS

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) released its earnings results on Monday. The bank reported ($0.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($1.10), Zacks reports. BCB Bancorp, Inc. (NJ) had a net margin of 0.39% and a return on equity of 0.24%.

BCB Bancorp, Inc. (NJ) Stock Performance

BCBP opened at $9.99 on Monday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.11 and a current ratio of 1.11. BCB Bancorp, Inc. has a one year low of $7.31 and a one year high of $11.71. The company has a market cap of $173.46 million, a P/E ratio of -142.69 and a beta of 0.72. The business’s 50-day simple moving average is $10.58 and its 200-day simple moving average is $9.42.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BCBP. Wall Street Zen raised BCB Bancorp, Inc. (NJ) from a “hold” rating to a “buy” rating in a research report on Saturday. Piper Sandler boosted their price objective on BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 22nd. Zacks Research lowered shares of BCB Bancorp, Inc. (NJ) from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Finally, Weiss Ratings raised shares of BCB Bancorp, Inc. (NJ) from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, June 17th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $10.00.

Insider Buying and Selling at BCB Bancorp, Inc. (NJ)

In related news, Director Gerald Werdann bought 4,400 shares of the stock in a transaction dated Thursday, June 4th. The stock was acquired at an average price of $11.28 per share, for a total transaction of $49,632.00. Following the acquisition, the director owned 12,122 shares in the company, valued at approximately $136,736.16. This represents a 56.98% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 11.50% of the company’s stock.

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

Hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its holdings in shares of BCB Bancorp, Inc. (NJ) by 31.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank’s stock valued at $54,000 after purchasing an additional 1,497 shares during the last quarter. Barclays PLC grew its position in shares of BCB Bancorp, Inc. (NJ) by 2.0% during the fourth quarter. Barclays PLC now owns 81,340 shares of the bank’s stock worth $656,000 after acquiring an additional 1,565 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in BCB Bancorp, Inc. (NJ) by 21.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,492 shares of the bank’s stock valued at $101,000 after purchasing an additional 2,233 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in BCB Bancorp, Inc. (NJ) by 76.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank’s stock worth $47,000 after purchasing an additional 2,352 shares during the period. Finally, Empowered Funds LLC increased its stake in BCB Bancorp, Inc. (NJ) by 3.9% in the first quarter. Empowered Funds LLC now owns 62,609 shares of the bank’s stock valued at $617,000 after purchasing an additional 2,365 shares during the period. Hedge funds and other institutional investors own 36.00% of the company’s stock.

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.