Wall Street Zen Upgrades BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) to Hold

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) was upgraded by analysts at Wall Street Zen from a “strong sell” rating to a “hold” rating in a report issued on Saturday.

BCBP has been the subject of a number of other reports. Zacks Research cut BCB Bancorp, Inc. (NJ) from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Keefe, Bruyette & Woods dropped their target price on shares of BCB Bancorp, Inc. (NJ) from $9.50 to $9.00 and set a “market perform” rating for the company in a research report on Tuesday, October 28th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $9.25.

BCB Bancorp, Inc. (NJ) Stock Performance

NASDAQ:BCBP opened at $7.89 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.10. The firm has a 50-day moving average price of $8.07 and a 200 day moving average price of $8.28. The firm has a market capitalization of $135.94 million, a PE ratio of 157.80 and a beta of 0.76. BCB Bancorp, Inc. has a 12-month low of $7.31 and a 12-month high of $11.07.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BCBP. Police & Firemen s Retirement System of New Jersey bought a new position in BCB Bancorp, Inc. (NJ) in the 2nd quarter valued at $28,000. Russell Investments Group Ltd. lifted its stake in shares of BCB Bancorp, Inc. (NJ) by 174.3% during the third quarter. Russell Investments Group Ltd. now owns 4,200 shares of the bank’s stock valued at $36,000 after acquiring an additional 2,669 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of BCB Bancorp, Inc. (NJ) by 76.8% during the third quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank’s stock valued at $47,000 after acquiring an additional 2,352 shares during the period. BNP Paribas Financial Markets boosted its holdings in BCB Bancorp, Inc. (NJ) by 31.8% in the third quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank’s stock valued at $54,000 after acquiring an additional 1,497 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in BCB Bancorp, Inc. (NJ) in the third quarter worth about $89,000. 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.