BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) from a hold rating to a buy rating in a research report report published on Saturday morning.

Other equities research analysts have also issued research reports about the stock. Piper Sandler lifted their price objective on shares of BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, April 22nd. Zacks Research downgraded shares of BCB Bancorp, Inc. (NJ) from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Finally, Weiss Ratings raised shares of BCB Bancorp, Inc. (NJ) from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, June 17th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $10.00.

BCB Bancorp, Inc. (NJ) Stock Down 2.2%

Shares of BCBP opened at $9.99 on Friday. The firm has a fifty day moving average price of $10.58 and a 200-day moving average price of $9.41. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $173.43 million, a P/E ratio of -142.69 and a beta of 0.72. BCB Bancorp, Inc. has a 12-month low of $7.31 and a 12-month high of $11.71.

Insider Activity

In other news, Director Gerald Werdann purchased 4,400 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were purchased at an average price of $11.28 per share, for a total transaction of $49,632.00. Following the completion of the purchase, the director owned 12,122 shares in the company, valued at approximately $136,736.16. This represents a 56.98% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 11.50% of the company’s stock.

Institutional Trading of BCB Bancorp, Inc. (NJ)

A number of hedge funds have recently added to or reduced their stakes in BCBP. BNP Paribas Financial Markets grew its holdings in BCB Bancorp, Inc. (NJ) by 31.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank’s stock worth $54,000 after acquiring an additional 1,497 shares in the last quarter. Barclays PLC raised its holdings in shares of BCB Bancorp, Inc. (NJ) by 2.0% in the 4th quarter. Barclays PLC now owns 81,340 shares of the bank’s stock valued at $656,000 after purchasing an additional 1,565 shares in the last quarter. Strs Ohio lifted its position in shares of BCB Bancorp, Inc. (NJ) by 2.9% in the 4th quarter. Strs Ohio now owns 64,400 shares of the bank’s stock worth $520,000 after purchasing an additional 1,800 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of BCB Bancorp, Inc. (NJ) by 21.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,492 shares of the bank’s stock worth $101,000 after purchasing an additional 2,233 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its position in shares of BCB Bancorp, Inc. (NJ) by 76.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank’s stock worth $47,000 after purchasing an additional 2,352 shares during the period. 36.00% of the stock is 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.