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

Zacks Research upgraded shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

Several other equities research analysts have also recently issued reports on BCBP. Keefe, Bruyette & Woods lowered their price objective on BCB Bancorp, Inc. (NJ) from $9.50 to $9.00 and set a “market perform” rating on the stock in a report on Tuesday, October 28th. Wall Street Zen upgraded BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 31st. Piper Sandler boosted their price target on BCB Bancorp, Inc. (NJ) from $8.50 to $9.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a research note on Monday, December 29th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $9.00.

BCB Bancorp, Inc. (NJ) Price Performance

Shares of NASDAQ BCBP opened at $8.48 on Wednesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a fifty day moving average of $8.11 and a 200 day moving average of $8.25. The firm has a market cap of $146.11 million, a PE ratio of -10.10 and a beta of 0.77. BCB Bancorp, Inc. has a one year low of $7.31 and a one year high of $10.46.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last announced its earnings results on Friday, January 30th. The bank reported ($0.73) earnings per share (EPS) 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 analyst estimates of $25.22 million. BCB Bancorp, Inc. (NJ) had a negative net margin of 6.90% and a negative return on equity of 4.30%. As a group, research analysts predict that BCB Bancorp, Inc. will post 1.24 EPS for the current fiscal year.

BCB Bancorp, Inc. (NJ) Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Wednesday, February 11th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, February 11th. BCB Bancorp, Inc. (NJ)’s dividend payout ratio (DPR) is currently -38.10%.

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

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