BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Stock Has Consensus Target Price of $8.95

Shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) have been given a consensus rating of “Reduce” by the five brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $8.95.

BCBP has been the topic of several analyst reports. Piper Sandler decreased their target price on shares of BCB Bancorp, Inc. (NJ) from $11.00 to $9.50 and set a “neutral” rating on the stock in a research note on Monday, September 21st. Weiss Ratings downgraded shares of BCB Bancorp, Inc. (NJ) from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Keefe, Bruyette & Woods cut their price target on shares of BCB Bancorp, Inc. (NJ) from $11.00 to $8.35 and set a “market perform” rating for the company in a report on Thursday, September 17th. Wall Street Zen downgraded BCB Bancorp, Inc. (NJ) from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 19th. Finally, Brean Capital downgraded BCB Bancorp, Inc. (NJ) from a “buy” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a report on Friday, September 18th.

Insider Activity

In other news, CFO Jawad Chaudhry acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The shares were bought at an average price of $7.75 per share, with a total value of $77,500.00. Following the completion of the purchase, the chief financial officer directly owned 62,500 shares in the company, valued at $484,375. This trade represents a 19.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas O’Brien bought 160,000 shares of the stock in a transaction that occurred on Friday, September 18th. The shares were bought at an average cost of $7.75 per share, with a total value of $1,240,000.00. Following the completion of the purchase, the chief executive officer directly owned 869,220 shares in the company, valued at $6,736,455. This represents a 22.56% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 170,112 shares of company stock valued at $1,318,503. Corporate insiders own 9.03% of the company’s stock.

Institutional Investors Weigh In On BCB Bancorp, Inc. (NJ)

Institutional investors have recently added to or reduced their stakes in the business. JCSD Capital LLC purchased a new position in BCB Bancorp, Inc. (NJ) in the third quarter valued at approximately $938,000. Quantinno Capital Management LP raised its position in shares of BCB Bancorp, Inc. (NJ) by 69.3% during the 1st quarter. Quantinno Capital Management LP now owns 141,904 shares of the bank’s stock valued at $1,274,000 after acquiring an additional 58,110 shares during the last quarter. Empowered Funds LLC grew its holdings in BCB Bancorp, Inc. (NJ) by 67.6% during the first quarter. Empowered Funds LLC now owns 79,006 shares of the bank’s stock worth $709,000 after purchasing an additional 31,880 shares during the period. Bank of America Corp DE boosted its position in BCB Bancorp, Inc. (NJ) by 80.1% during the 1st quarter. Bank of America Corp DE now owns 45,656 shares of the bank’s stock worth $410,000 after buying an additional 20,300 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of BCB Bancorp, Inc. (NJ) by 5.5% in the 1st quarter. Renaissance Technologies LLC now owns 345,194 shares of the bank’s stock worth $3,100,000 after buying an additional 18,000 shares during the last quarter. Institutional investors and hedge funds own 36.00% of the company’s stock.

BCB Bancorp, Inc. (NJ) Stock Performance

Shares of BCB Bancorp, Inc. (NJ) stock opened at $9.17 on Friday. The business has a 50-day moving average of $8.56 and a 200 day moving average of $9.19. The stock has a market capitalization of $165.98 million, a price-to-earnings ratio of -1.11 and a beta of 0.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.07 and a quick ratio of 1.06. BCB Bancorp, Inc. has a 12 month low of $7.31 and a 12 month high of $11.71.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last issued its earnings results on Thursday, October 29th. The bank reported ($6.92) earnings per share for the quarter, topping the consensus estimate of ($8.53) by $1.61. The company had revenue of $27.77 million during the quarter, compared to the consensus estimate of $0.07 million. BCB Bancorp, Inc. (NJ) had a negative return on equity of 55.94% and a negative net margin of 90.51%. As a group, sell-side analysts forecast that BCB Bancorp, Inc. will post -7.57 earnings per share for the current year.

BCB Bancorp, Inc. (NJ) Company Profile

BCB Bancorp, Inc is the bank holding company for BCB Community Bank, a full-service community bank headquartered in Bayonne, New Jersey. The bank provides deposit products, residential and commercial real estate lending, commercial and industrial loans, consumer loans, and other banking services to individuals, families, businesses, and nonprofit organizations.

BCB Community Bank serves customers through a branch network and digital banking channels in communities across New Jersey and parts of New York.