Wall Street Zen Downgrades BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) to Strong Sell

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

Other analysts also recently issued reports about the stock. 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. Weiss Ratings restated a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a research report on Monday, December 29th. Finally, Keefe, Bruyette & Woods reduced their price target on BCB Bancorp, Inc. (NJ) from $9.50 to $9.00 and set a “market perform” rating for the company in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $9.25.

BCB Bancorp, Inc. (NJ) Stock Performance

NASDAQ BCBP opened at $7.86 on Friday. The firm has a market capitalization of $135.43 million, a P/E ratio of 157.20 and a beta of 0.76. The stock has a 50-day simple moving average of $8.05 and a two-hundred day simple moving average of $8.32. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.14 and a current ratio of 1.14. BCB Bancorp, Inc. has a fifty-two week low of $7.41 and a fifty-two week high of $12.26.

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

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

Hedge funds have recently made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of BCB Bancorp, Inc. (NJ) in the second quarter worth approximately $28,000. Russell Investments Group Ltd. boosted its stake in BCB Bancorp, Inc. (NJ) by 174.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,200 shares of the bank’s stock worth $36,000 after purchasing an additional 2,669 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings 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 worth $47,000 after buying an additional 2,352 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of 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 buying an additional 1,497 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of BCB Bancorp, Inc. (NJ) in the third quarter worth about $89,000. Institutional investors and hedge funds 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.