BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

A number of other research analysts also recently weighed in on BCBP. Zacks Research downgraded BCB Bancorp, Inc. (NJ) from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Piper Sandler lifted their price target on BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, April 22nd. Finally, Weiss Ratings upgraded BCB Bancorp, Inc. (NJ) from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, BCB Bancorp, Inc. (NJ) presently has a consensus rating of “Reduce” and an average target price of $10.00.

BCB Bancorp, Inc. (NJ) Stock Performance

Shares of NASDAQ BCBP opened at $9.52 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $165.27 million, a price-to-earnings ratio of -135.98 and a beta of 0.71. The stock’s fifty day simple moving average is $9.19 and its 200 day simple moving average is $8.45. BCB Bancorp, Inc. has a 52-week low of $7.31 and a 52-week high of $10.50.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last issued its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. BCB Bancorp, Inc. (NJ) had a return on equity of 0.24% and a net margin of 0.39%.The business had revenue of $24.94 million for the quarter, compared to the consensus estimate of $25.78 million. As a group, sell-side analysts forecast that BCB Bancorp, Inc. will post 1.1 earnings per share for the current fiscal year.

BCB Bancorp, Inc. (NJ) Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, May 6th. This represents a $0.32 dividend on an annualized basis and a yield of 3.4%. BCB Bancorp, Inc. (NJ)’s dividend payout ratio (DPR) is presently -457.14%.

Insider Transactions at BCB Bancorp, Inc. (NJ)

In other news, Director Mark D. Hogan acquired 5,000 shares of BCB Bancorp, Inc. (NJ) stock in a transaction that occurred on Friday, February 27th. The stock was purchased at an average price of $7.97 per share, with a total value of $39,850.00. Following the completion of the transaction, the director owned 103,352 shares in the company, valued at approximately $823,715.44. This trade represents a 5.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 11.50% of the company’s stock.

Institutional Trading of BCB Bancorp, Inc. (NJ)

A number of institutional investors have recently bought and sold shares of BCBP. Empowered Funds LLC boosted its position in BCB Bancorp, Inc. (NJ) by 3.9% during 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 last quarter. Jane Street Group LLC acquired a new stake in BCB Bancorp, Inc. (NJ) during the first quarter valued at $146,000. Geode Capital Management LLC boosted its position in BCB Bancorp, Inc. (NJ) by 5.4% during the second quarter. Geode Capital Management LLC now owns 407,354 shares of the bank’s stock valued at $3,430,000 after purchasing an additional 21,035 shares during the last quarter. Rhumbline Advisers boosted its position in BCB Bancorp, Inc. (NJ) by 14.4% during the second quarter. Rhumbline Advisers now owns 24,763 shares of the bank’s stock valued at $208,000 after purchasing an additional 3,110 shares during the last quarter. Finally, Invesco Ltd. acquired a new stake in BCB Bancorp, Inc. (NJ) during the second quarter valued at $91,000. Institutional investors and hedge funds 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.