BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) from a sell rating to a hold rating in a report issued on Friday.

A number of other research firms have also recently commented on BCBP. Zacks Research raised shares of BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Keefe, Bruyette & Woods cut their price objective on shares of 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. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a research report on Monday, November 24th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $9.25.

BCB Bancorp, Inc. (NJ) Stock Performance

Shares of BCB Bancorp, Inc. (NJ) stock opened at $8.00 on Friday. BCB Bancorp, Inc. has a fifty-two week low of $7.41 and a fifty-two week high of $13.40. The business’s fifty day moving average is $8.08 and its two-hundred day moving average is $8.35. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.30. The firm has a market cap of $137.82 million, a PE ratio of 160.00 and a beta of 0.82.

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

BCB Bancorp, Inc. (NJ) Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 10th were paid a $0.16 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.64 annualized dividend and a dividend yield of 8.0%. BCB Bancorp, Inc. (NJ)’s dividend payout ratio is presently 1,280.00%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strs Ohio acquired a new position in shares of BCB Bancorp, Inc. (NJ) in the 1st quarter worth approximately $477,000. Nuveen LLC bought a new stake in BCB Bancorp, Inc. (NJ) during the first quarter worth approximately $465,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in BCB Bancorp, Inc. (NJ) in the first quarter worth approximately $262,000. Millennium Management LLC increased its holdings in shares of BCB Bancorp, Inc. (NJ) by 50.5% in the third quarter. Millennium Management LLC now owns 76,102 shares of the bank’s stock valued at $661,000 after buying an additional 25,530 shares in the last quarter. Finally, Orion Porfolio Solutions LLC increased its holdings in shares of BCB Bancorp, Inc. (NJ) by 179.6% in the third quarter. Orion Porfolio Solutions LLC now owns 33,101 shares of the bank’s stock valued at $287,000 after buying an additional 21,264 shares in the last quarter. Institutional investors own 36.00% of the company’s stock.

About BCB Bancorp, Inc. (NJ)

BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank that engages in the provision of banking products and services to businesses and individuals in the United States. The company offers insured deposit products, including savings and club accounts, interest and non-interest-bearing demand accounts, money market accounts, certificates of deposit, and individual retirement accounts.