BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Price Target Cut to $9.00 by Analysts at Keefe, Bruyette & Woods

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) had its price target reduced by Keefe, Bruyette & Woods from $9.50 to $9.00 in a research note released on Tuesday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank’s stock.

Several other equities research analysts also recently commented on the company. Zacks Research raised BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BCB Bancorp, Inc. (NJ) in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of BCB Bancorp, Inc. (NJ) from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Piper Sandler raised their price objective on shares of BCB Bancorp, Inc. (NJ) from $9.00 to $9.50 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. 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 presently has an average rating of “Reduce” and an average target price of $9.25.

BCB Bancorp, Inc. (NJ) Price Performance

Shares of NASDAQ BCBP opened at $8.16 on Tuesday. BCB Bancorp, Inc. has a fifty-two week low of $7.54 and a fifty-two week high of $14.04. The company has a 50 day simple moving average of $8.55 and a two-hundred day simple moving average of $8.50. The company has a market capitalization of $140.27 million, a price-to-earnings ratio of 163.20 and a beta of 0.77. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.16 and a current ratio of 1.16.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last posted its quarterly earnings results on Monday, October 27th. The bank reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. The company had revenue of $26.46 million for the quarter, compared to the consensus estimate of $25.73 million. BCB Bancorp, Inc. (NJ) had a return on equity of 0.95% and a net margin of 1.50%. Analysts expect that BCB Bancorp, Inc. will post 1.24 EPS for the current fiscal year.

BCB Bancorp, Inc. (NJ) Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Monday, November 10th will be given a dividend of $0.16 per share. The ex-dividend date is Monday, November 10th. This represents a $0.64 dividend on an annualized basis and a yield of 7.8%. BCB Bancorp, Inc. (NJ)’s dividend payout ratio is 336.84%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Strs Ohio bought a new position in shares of BCB Bancorp, Inc. (NJ) in the 1st quarter valued at about $477,000. Nuveen LLC bought a new position in shares of BCB Bancorp, Inc. (NJ) in the 1st quarter valued at about $465,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in BCB Bancorp, Inc. (NJ) during the first quarter valued at approximately $262,000. Geode Capital Management LLC raised 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 period. Finally, Ibex Wealth Advisors purchased a new stake in BCB Bancorp, Inc. (NJ) during the second quarter valued at approximately $126,000. 36.00% of the stock is owned by hedge funds and other institutional investors.

About BCB Bancorp, Inc. (NJ)

BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank that engages in the provision of banking products and services to businesses and individuals in the United States. The company offers insured deposit products, including savings and club accounts, interest and non-interest-bearing demand accounts, money market accounts, certificates of deposit, and individual retirement accounts.