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

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

Several other brokerages have also issued reports on BCBP. Keefe, Bruyette & Woods lowered their target price on BCB Bancorp, Inc. (NJ) from $9.50 to $9.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 28th. Zacks Research downgraded shares of BCB Bancorp, Inc. (NJ) from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Finally, Weiss Ratings restated a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a research note on Monday, December 29th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, BCB Bancorp, Inc. (NJ) has a consensus rating of “Reduce” and a consensus target price of $9.25.

BCB Bancorp, Inc. (NJ) Trading Up 0.9%

Shares of BCBP stock opened at $7.89 on Friday. BCB Bancorp, Inc. has a 52-week low of $7.31 and a 52-week high of $11.07. The company has a 50-day simple moving average of $8.07 and a two-hundred day simple moving average of $8.28. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $135.94 million, a price-to-earnings ratio of 157.80 and a beta of 0.76.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last announced its earnings results on Tuesday, January 27th. The bank reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.87). BCB Bancorp, Inc. (NJ) had a net margin of 1.50% and a return on equity of 0.95%. The business had revenue of $26.17 million for the quarter, compared to analysts’ expectations of $25.22 million. Research analysts anticipate that BCB Bancorp, Inc. will post 1.24 EPS for the current fiscal year.

Institutional Trading of BCB Bancorp, Inc. (NJ)

Several institutional investors and hedge funds have recently modified their holdings of BCBP. Police & Firemen s Retirement System of New Jersey bought a new position in shares of BCB Bancorp, Inc. (NJ) in the second quarter worth approximately $28,000. Russell Investments Group Ltd. grew its stake in BCB Bancorp, Inc. (NJ) by 174.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,200 shares of the bank’s stock worth $36,000 after buying an additional 2,669 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of BCB Bancorp, Inc. (NJ) by 76.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank’s stock worth $47,000 after buying an additional 2,352 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of BCB Bancorp, Inc. (NJ) by 31.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank’s stock worth $54,000 after acquiring an additional 1,497 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in BCB Bancorp, Inc. (NJ) in the third quarter worth $89,000. Hedge funds and other institutional investors own 36.00% of the company’s stock.

About BCB Bancorp, Inc. (NJ)

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.