BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) from a hold rating to a sell rating in a research note issued to investors on Monday morning.

BCBP has been the subject of a number of other reports. Piper Sandler raised 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 cut shares of BCB Bancorp, Inc. (NJ) from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $10.00.

BCB Bancorp, Inc. (NJ) Price Performance

NASDAQ:BCBP opened at $8.67 on Monday. BCB Bancorp, Inc. has a one year low of $7.31 and a one year high of $11.71. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.07. The stock has a market cap of $156.93 million, a PE ratio of -7.88 and a beta of 0.71. The stock has a 50 day moving average price of $10.08 and a 200 day moving average price of $9.52.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last announced its quarterly earnings data on Monday, August 3rd. The bank reported ($0.85) EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($1.10). The company had revenue of $22.88 million for the quarter, compared to analysts’ expectations of $25.55 million. BCB Bancorp, Inc. (NJ) had a negative return on equity of 6.29% and a negative net margin of 10.21%. Equities research analysts expect that BCB Bancorp, Inc. will post -0.48 EPS for the current fiscal year.

Insider Buying and Selling

In other BCB Bancorp, Inc. (NJ) news, Director Gerald Werdann acquired 4,400 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were purchased at an average cost of $11.28 per share, for a total transaction of $49,632.00. Following the completion of the acquisition, the director owned 12,122 shares of the company’s stock, valued at approximately $136,736.16. The trade was a 56.98% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 11.50% of the company’s stock.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its stake in shares of BCB Bancorp, Inc. (NJ) by 247.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,105 shares of the bank’s stock valued at $37,000 after purchasing an additional 2,922 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of BCB Bancorp, Inc. (NJ) by 174.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,200 shares of the bank’s stock worth $36,000 after purchasing an additional 2,669 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of 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 last quarter. BNP Paribas Financial Markets raised its holdings in 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 buying an additional 1,497 shares during the period. Finally, Mariner LLC purchased a new stake in BCB Bancorp, Inc. (NJ) in the 4th quarter valued at about $82,000. 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.