BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

BCBP has been the subject of several other research reports. DA Davidson assumed coverage on BCB Bancorp, Inc. (NJ) in a research note on Thursday. They set a “buy” rating and a $15.00 target price for the company. Keefe, Bruyette & Woods assumed coverage on BCB Bancorp, Inc. (NJ) in a research note on Thursday. They set an “outperform” rating and a $14.00 target price for the company.

BCB Bancorp, Inc. (NASDAQ:BCBP) traded up 0.79% during midday trading on Monday, reaching $12.80. The company’s stock had a trading volume of 68,101 shares. The firm has a market capitalization of $144.64 million, a PE ratio of 16.00 and a beta of 0.47. The stock has a 50 day moving average of $13.85 and a 200 day moving average of $15.23. BCB Bancorp, Inc. has a 52 week low of $10.91 and a 52 week high of $17.05.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last announced its earnings results on Monday, July 17th. The bank reported $0.26 earnings per share for the quarter. BCB Bancorp, Inc. (NJ) had a return on equity of 8.85% and a net margin of 12.89%. The firm had revenue of $17.09 million during the quarter. On average, equities research analysts predict that BCB Bancorp, Inc. will post $0.85 earnings per share for the current fiscal year.

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In other news, insider Thomas Michael Coughlin purchased 20,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was purchased at an average price of $12.25 per share, with a total value of $245,000.00. Following the acquisition, the insider now directly owns 175,604 shares in the company, valued at approximately $2,151,149. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Joseph T. Javitz purchased 4,000 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was purchased at an average cost of $12.45 per share, with a total value of $49,800.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 41,500 shares of company stock valued at $510,455. Insiders own 16.76% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Rhumbline Advisers acquired a new position in BCB Bancorp, Inc. (NJ) in the 2nd quarter valued at approximately $153,000. New York State Common Retirement Fund acquired a new position in BCB Bancorp, Inc. (NJ) in the 2nd quarter valued at approximately $155,000. Schwab Charles Investment Management Inc. acquired a new position in BCB Bancorp, Inc. (NJ) in the 2nd quarter valued at approximately $250,000. California State Teachers Retirement System acquired a new position in BCB Bancorp, Inc. (NJ) in the 2nd quarter valued at approximately $257,000. Finally, Teachers Advisors LLC acquired a new position in BCB Bancorp, Inc. (NJ) in the 2nd quarter valued at approximately $280,000. 18.58% of the stock is owned by hedge funds and other institutional investors.

BCB Bancorp, Inc. (NJ) Company Profile

BCB Bancorp, Inc is the holding company parent of BCB Community Bank (the Bank). The Bank is a community-oriented financial institution. Its business is to offer Federal Deposit Insurance Corporation (FDIC)-insured deposit products and to invest funds held in deposit accounts at the Bank, together with funds generated from operations, in loans and investment securities.

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