BCB Bancorp (NASDAQ:BCBP) PT Raised to $13.50

BCB Bancorp (NASDAQ:BCBP) had its price target upped by equities research analysts at Keefe, Bruyette & Woods from $13.25 to $13.50 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 13.07% from the company’s previous close.

Separately, Piper Sandler upped their target price on shares of BCB Bancorp from $11.50 to $14.00 and gave the company a “neutral” rating in a report on Monday, July 29th.

BCB Bancorp Trading Up 0.2 %

BCBP opened at $11.94 on Tuesday. The firm has a market cap of $202.47 million, a price-to-earnings ratio of 7.65 and a beta of 0.57. BCB Bancorp has a 52 week low of $9.19 and a 52 week high of $13.90. The business’s 50 day moving average is $12.20 and its two-hundred day moving average is $11.11. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 1.75.

BCB Bancorp (NASDAQ:BCBP) last announced its earnings results on Friday, October 18th. The bank reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The business had revenue of $51.75 million for the quarter, compared to analysts’ expectations of $25.29 million. BCB Bancorp had a net margin of 10.67% and a return on equity of 7.42%. On average, research analysts predict that BCB Bancorp will post 1.32 EPS for the current year.

Hedge Funds Weigh In On BCB Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC lifted its stake in shares of BCB Bancorp by 1,232.6% in the 2nd quarter. CWM LLC now owns 2,492 shares of the bank’s stock worth $26,000 after acquiring an additional 2,305 shares during the period. BNP Paribas Financial Markets boosted its holdings in BCB Bancorp by 92.5% in the 1st quarter. BNP Paribas Financial Markets now owns 7,201 shares of the bank’s stock valued at $75,000 after purchasing an additional 3,460 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in BCB Bancorp during the second quarter worth $119,000. Quadrature Capital Ltd acquired a new position in shares of BCB Bancorp during the 4th quarter worth $178,000. Finally, AQR Capital Management LLC purchased a new stake in BCB Bancorp during the second quarter worth about $334,000. 36.00% of the stock is currently owned by hedge funds and other institutional investors.

BCB Bancorp Company Profile

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.