BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Downgraded by Wall Street Zen to Strong Sell

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “strong sell” rating in a research report issued on Friday.

Several other research analysts have also commented on BCBP. Keefe, Bruyette & Woods dropped their price target on shares of BCB Bancorp, Inc. (NJ) from $9.50 to $9.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 28th. Weiss Ratings reissued a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a research report on Monday, December 29th. Finally, Zacks Research lowered BCB Bancorp, Inc. (NJ) from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $9.25.

BCB Bancorp, Inc. (NJ) Stock Down 1.5%

Shares of BCB Bancorp, Inc. (NJ) stock traded down $0.12 during trading on Friday, hitting $7.86. 100,090 shares of the stock traded hands, compared to its average volume of 80,596. The stock has a market cap of $135.43 million, a P/E ratio of 157.20 and a beta of 0.76. The company has a fifty day moving average price of $8.05 and a two-hundred day moving average price of $8.32. BCB Bancorp, Inc. has a twelve month low of $7.41 and a twelve month high of $12.26. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.14 and a current ratio of 1.14.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last issued its quarterly earnings data on Monday, October 27th. The bank reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.01. The firm had revenue of $26.46 million for the quarter, compared to analyst estimates of $25.73 million. BCB Bancorp, Inc. (NJ) had a net margin of 1.50% and a return on equity of 0.95%. Equities research analysts predict that BCB Bancorp, Inc. will post 1.24 EPS for the current fiscal year.

Institutional Trading of BCB Bancorp, Inc. (NJ)

Hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC grew its holdings in BCB Bancorp, Inc. (NJ) by 3.9% in the 1st quarter. Empowered Funds LLC now owns 62,609 shares of the bank’s stock valued at $617,000 after buying an additional 2,365 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of BCB Bancorp, Inc. (NJ) in the first quarter valued at approximately $146,000. Ibex Wealth Advisors bought a new stake in shares of BCB Bancorp, Inc. (NJ) in the second quarter valued at approximately $126,000. Geode Capital Management LLC grew its stake in shares of BCB Bancorp, Inc. (NJ) by 5.4% in the second quarter. Geode Capital Management LLC now owns 407,354 shares of the bank’s stock worth $3,430,000 after acquiring an additional 21,035 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey bought a new position in BCB Bancorp, Inc. (NJ) during the second quarter worth $28,000. Institutional investors own 36.00% of the company’s stock.

About BCB Bancorp, Inc. (NJ)

BCB Bancorp, Inc is a bank holding company incorporated in New Jersey and traded on the NASDAQ under the symbol BCBP. Its primary subsidiary, Bergen Commercial Bank, operates as a full-service community bank focused on serving the financial needs of individuals and businesses in the New York metropolitan area. Headquartered in Clifton, New Jersey, the company has built its reputation on personalized banking relationships and local decision-making.

BCB Bancorp offers a comprehensive suite of deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit.