BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Upgraded at Zacks Research

Zacks Research upgraded shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) from a hold rating to a strong-buy rating in a report published on Thursday morning,Zacks.com reports.

Several other equities research analysts have also commented on BCBP. Wall Street Zen upgraded shares of BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings restated a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a research note on Monday, December 29th. Finally, Piper Sandler raised their price objective on BCB Bancorp, Inc. (NJ) from $8.50 to $9.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.00.

BCB Bancorp, Inc. (NJ) Stock Down 1.1%

BCBP stock opened at $8.05 on Thursday. The firm’s 50 day moving average price is $8.10 and its 200-day moving average price is $8.20. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.14 and a current ratio of 1.12. The firm has a market cap of $139.75 million, a PE ratio of -9.58 and a beta of 0.74. BCB Bancorp, Inc. has a one year low of $7.31 and a one year high of $10.38.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last released its earnings results on Friday, January 30th. The bank reported ($0.73) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.87). BCB Bancorp, Inc. (NJ) had a negative return on equity of 4.35% and a negative net margin of 6.90%.The firm had revenue of $26.17 million for the quarter, compared to analysts’ expectations of $25.22 million. On average, equities research analysts anticipate that BCB Bancorp, Inc. will post 1.24 EPS for the current year.

BCB Bancorp, Inc. (NJ) Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 11th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Wednesday, February 11th. BCB Bancorp, Inc. (NJ)’s dividend payout ratio (DPR) is presently -38.10%.

Insider Activity

In related news, Director Mark D. Hogan purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The shares were purchased at an average price of $7.97 per share, for a total transaction of $39,850.00. Following the transaction, the director directly owned 103,352 shares of the company’s stock, valued at approximately $823,715.44. The trade was a 5.08% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 15.86% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BCB Bancorp, Inc. (NJ)

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Concurrent Investment Advisors LLC purchased a new position in shares of BCB Bancorp, Inc. (NJ) during the 4th quarter worth approximately $525,000. Orion Porfolio Solutions LLC raised its stake in shares of BCB Bancorp, Inc. (NJ) by 144.8% during the 4th quarter. Orion Porfolio Solutions LLC now owns 81,044 shares of the bank’s stock worth $654,000 after buying an additional 47,943 shares during the last quarter. World Investment Advisors purchased a new stake in shares of BCB Bancorp, Inc. (NJ) in the 4th quarter worth about $358,000. Goldman Sachs Group Inc. boosted its position in shares of BCB Bancorp, Inc. (NJ) by 44.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 127,151 shares of the bank’s stock worth $1,026,000 after buying an additional 39,146 shares in the last quarter. Finally, Trexquant Investment LP grew its position in shares of BCB Bancorp, Inc. (NJ) by 63.3% in the fourth quarter. Trexquant Investment LP now owns 99,171 shares of the bank’s stock valued at $800,000 after purchasing an additional 38,441 shares during the last quarter. 36.00% of the stock is currently owned by hedge funds and other institutional investors.

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.