BCB Bancorp (NASDAQ:BCBP) PT Lowered to $12.00

BCB Bancorp (NASDAQ:BCBP) had its target price dropped by Keefe, Bruyette & Woods from $14.00 to $12.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 23.08% from the company’s previous close.

A number of other analysts have also recently issued reports on the company. TheStreet cut BCB Bancorp from a “b-” rating to a “c+” rating in a research report on Tuesday, February 20th. Piper Sandler lifted their price objective on BCB Bancorp from $13.00 to $13.50 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $12.75.

BCB Bancorp Stock Up 1.5 %

Shares of BCB Bancorp stock opened at $9.75 on Tuesday. The business’s fifty day moving average price is $10.26 and its two-hundred day moving average price is $11.26. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $165.26 million, a P/E ratio of 6.25 and a beta of 0.58. BCB Bancorp has a 1-year low of $9.19 and a 1-year high of $13.90.

BCB Bancorp (NASDAQ:BCBP) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). BCB Bancorp had a net margin of 13.41% and a return on equity of 9.78%. The business had revenue of $27.15 million for the quarter, compared to analysts’ expectations of $27.33 million. As a group, research analysts forecast that BCB Bancorp will post 1.48 EPS for the current year.

Institutional Trading of BCB Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. New York State Common Retirement Fund lifted its position in shares of BCB Bancorp by 91.1% during the 4th quarter. New York State Common Retirement Fund now owns 2,727 shares of the bank’s stock worth $35,000 after purchasing an additional 1,300 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of BCB Bancorp during the 4th quarter worth about $106,000. RMR Wealth Builders acquired a new position in shares of BCB Bancorp during the 4th quarter worth about $164,000. Quadrature Capital Ltd acquired a new position in shares of BCB Bancorp during the 4th quarter worth about $178,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of BCB Bancorp during the 3rd quarter worth about $184,000. Institutional investors and hedge funds own 36.00% of the company’s stock.

About BCB Bancorp

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.