BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Given New $11.00 Price Target at Piper Sandler

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) had its price target upped by Piper Sandler from $9.00 to $11.00 in a research report report published on Wednesday,Benzinga reports. They currently have a neutral rating on the bank’s stock.

Several other brokerages also recently issued reports on BCBP. Zacks Research downgraded BCB Bancorp, Inc. (NJ) from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Weiss Ratings restated a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a research note on Friday, March 27th. Finally, Wall Street Zen raised shares of BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a report on Saturday, January 31st. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $10.00.

BCB Bancorp, Inc. (NJ) Trading Up 0.6%

Shares of BCBP stock opened at $9.86 on Wednesday. BCB Bancorp, Inc. has a 52-week low of $7.31 and a 52-week high of $10.25. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market capitalization of $171.17 million, a PE ratio of -140.84 and a beta of 0.65. The stock has a fifty day simple moving average of $8.68 and a two-hundred day simple moving average of $8.26.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last posted its quarterly earnings results on Tuesday, April 21st. The bank reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $24.94 million for the quarter, compared to analysts’ expectations of $25.78 million. BCB Bancorp, Inc. (NJ) had a return on equity of 0.24% and a net margin of 0.39%. On average, analysts predict that BCB Bancorp, Inc. will post 1.13 EPS for the current fiscal year.

BCB Bancorp, Inc. (NJ) Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 6th will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, May 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.2%. BCB Bancorp, Inc. (NJ)’s dividend payout ratio (DPR) is presently -38.10%.

Insider Activity

In other news, Director Mark D. Hogan bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were bought at an average cost of $7.97 per share, for a total transaction of $39,850.00. Following the completion of the transaction, the director owned 103,352 shares of the company’s stock, valued at approximately $823,715.44. This represents a 5.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 11.50% of the company’s stock.

Institutional Trading of BCB Bancorp, Inc. (NJ)

A number of large investors have recently added to or reduced their stakes in BCBP. Concurrent Investment Advisors LLC purchased a new stake in shares of BCB Bancorp, Inc. (NJ) during the 4th quarter worth approximately $525,000. Orion Porfolio Solutions LLC grew its holdings in shares of BCB Bancorp, Inc. (NJ) by 144.8% in the fourth quarter. Orion Porfolio Solutions LLC now owns 81,044 shares of the bank’s stock valued at $654,000 after purchasing an additional 47,943 shares in the last quarter. World Investment Advisors bought a new stake in BCB Bancorp, Inc. (NJ) in the fourth quarter worth $358,000. Goldman Sachs Group Inc. raised its stake in BCB Bancorp, Inc. (NJ) by 44.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 127,151 shares of the bank’s stock valued at $1,026,000 after purchasing an additional 39,146 shares in the last quarter. Finally, Trexquant Investment LP raised its stake in BCB Bancorp, Inc. (NJ) by 63.3% during 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 in the last quarter. Institutional investors 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.