BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) from a hold rating to a sell rating in a research report sent to investors on Monday.

A number of other equities analysts have also weighed in on BCBP. Piper Sandler increased their target price on BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 22nd. Weiss Ratings downgraded BCB Bancorp, Inc. (NJ) from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $10.00.

BCB Bancorp, Inc. (NJ) Stock Down 0.7%

BCB Bancorp, Inc. (NJ) stock opened at $8.94 on Monday. The stock has a market cap of $161.83 million, a P/E ratio of -8.13 and a beta of 0.71. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.63. BCB Bancorp, Inc. has a twelve month low of $7.31 and a twelve month high of $11.71. The company’s 50-day moving average price is $10.18 and its two-hundred day moving average price is $9.51.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last issued its quarterly earnings data 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). BCB Bancorp, Inc. (NJ) had a negative return on equity of 6.29% and a negative net margin of 10.21%.The company had revenue of $22.88 million for the quarter, compared to analyst estimates of $25.55 million. As a group, analysts expect that BCB Bancorp, Inc. will post -0.48 EPS for the current year.

Insider Activity at BCB Bancorp, Inc. (NJ)

In other BCB Bancorp, Inc. (NJ) news, Director Gerald Werdann bought 4,400 shares of the stock in a transaction dated Thursday, June 4th. The shares were bought at an average cost of $11.28 per share, with a total value of $49,632.00. Following the completion of the acquisition, the director owned 12,122 shares of the company’s stock, valued at $136,736.16. This trade represents a 56.98% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 11.50% of the company’s stock.

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

Several institutional investors have recently made changes to their positions in BCBP. Geode Capital Management LLC grew its position in BCB Bancorp, Inc. (NJ) by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 424,874 shares of the bank’s stock worth $3,429,000 after buying an additional 13,161 shares in the last quarter. Renaissance Technologies LLC raised its holdings in BCB Bancorp, Inc. (NJ) by 5.5% in the 1st quarter. Renaissance Technologies LLC now owns 345,194 shares of the bank’s stock valued at $3,100,000 after acquiring an additional 18,000 shares in the last quarter. AQR Capital Management LLC raised its holdings in BCB Bancorp, Inc. (NJ) by 11.2% in the 4th quarter. AQR Capital Management LLC now owns 166,549 shares of the bank’s stock valued at $1,344,000 after acquiring an additional 16,742 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of BCB Bancorp, Inc. (NJ) by 69.3% during the 1st quarter. Quantinno Capital Management LP now owns 141,904 shares of the bank’s stock valued at $1,274,000 after acquiring an additional 58,110 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of BCB Bancorp, Inc. (NJ) by 44.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 127,151 shares of the bank’s stock worth $1,026,000 after purchasing an additional 39,146 shares in the last quarter. 36.00% of the stock is currently owned by 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.