Keefe, Bruyette & Woods Cuts BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Price Target to $9.00

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) had its price target cut by Keefe, Bruyette & Woods from $9.50 to $9.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a market perform rating on the bank’s stock.

Other research analysts also recently issued research reports about the stock. Piper Sandler lifted their target price on shares of BCB Bancorp, Inc. (NJ) from $9.00 to $9.50 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Wall Street Zen upgraded shares of BCB Bancorp, Inc. (NJ) from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of BCB Bancorp, Inc. (NJ) in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, BCB Bancorp, Inc. (NJ) has a consensus rating of “Reduce” and a consensus price target of $9.25.

BCB Bancorp, Inc. (NJ) Price Performance

Shares of NASDAQ:BCBP opened at $7.99 on Tuesday. BCB Bancorp, Inc. has a fifty-two week low of $7.54 and a fifty-two week high of $14.04. The business has a 50-day moving average of $8.52 and a two-hundred day moving average of $8.49. The stock has a market capitalization of $137.35 million, a P/E ratio of 159.80 and a beta of 0.77. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.16 and a quick ratio of 1.16.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last announced its earnings results on Monday, October 27th. The bank reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. The firm 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%. On average, equities research analysts predict that BCB Bancorp, Inc. will post 1.24 EPS for the current fiscal year.

BCB Bancorp, Inc. (NJ) Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Monday, November 10th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 8.0%. The ex-dividend date is Monday, November 10th. BCB Bancorp, Inc. (NJ)’s payout ratio is currently 336.84%.

Hedge Funds Weigh In On BCB Bancorp, Inc. (NJ)

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey bought a new position in BCB Bancorp, Inc. (NJ) during the second quarter valued at about $28,000. Invesco Ltd. bought a new stake in BCB Bancorp, Inc. (NJ) in the second quarter valued at about $91,000. Private Advisor Group LLC bought a new stake in BCB Bancorp, Inc. (NJ) in the first quarter valued at about $122,000. CWM LLC increased its stake in BCB Bancorp, Inc. (NJ) by 197.3% in the third quarter. CWM LLC now owns 12,521 shares of the bank’s stock valued at $109,000 after acquiring an additional 8,309 shares during the period. Finally, Hsbc Holdings PLC bought a new stake in BCB Bancorp, Inc. (NJ) in the first quarter valued at about $125,000. 36.00% of the stock is currently owned by institutional investors.

BCB Bancorp, Inc. (NJ) 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.