Jawad Chaudhry Purchases 10,000 Shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Stock

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) CFO Jawad Chaudhry acquired 10,000 shares of the company’s stock in a transaction dated Friday, September 18th. The shares were acquired at an average cost of $7.75 per share, with a total value of $77,500.00. Following the completion of the purchase, the chief financial officer owned 62,500 shares in the company, valued at approximately $484,375. This represents a 19.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

BCB Bancorp, Inc. (NJ) Price Performance

Shares of BCB Bancorp, Inc. (NJ) stock traded down $0.06 during trading on Tuesday, hitting $8.64. 437,415 shares of the company were exchanged, compared to its average volume of 151,114. BCB Bancorp, Inc. has a fifty-two week low of $7.31 and a fifty-two week high of $11.71. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.63. The firm has a 50 day moving average price of $9.17 and a 200 day moving average price of $9.58. The stock has a market capitalization of $156.33 million, a price-to-earnings ratio of -7.85 and a beta of 0.69.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last announced its earnings results on Monday, August 3rd. The bank reported ($0.85) EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($1.10). The company had revenue of $22.88 million for the quarter, compared to analyst estimates of $25.55 million. BCB Bancorp, Inc. (NJ) had a negative net margin of 10.21% and a negative return on equity of 6.29%. On average, equities analysts expect that BCB Bancorp, Inc. will post -0.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Piper Sandler dropped their price objective on BCB Bancorp, Inc. (NJ) from $11.00 to $9.50 and set a “neutral” rating for the company in a research report on Monday. Weiss Ratings downgraded shares of BCB Bancorp, Inc. (NJ) from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Brean Capital lowered shares of BCB Bancorp, Inc. (NJ) from a “buy” rating to a “neutral” rating and set a $9.00 target price on the stock. in a research report on Friday. Keefe, Bruyette & Woods cut their price target on BCB Bancorp, Inc. (NJ) from $11.00 to $8.35 and set a “market perform” rating for the company in a report on Thursday, September 17th. Finally, Wall Street Zen cut BCB Bancorp, Inc. (NJ) from a “sell” rating to a “strong sell” rating in a report on Saturday. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $8.95.

Institutional Trading of BCB Bancorp, Inc. (NJ)

A number of institutional investors and hedge funds have recently made changes to their positions in BCBP. Renaissance Technologies LLC raised its position in shares of BCB Bancorp, Inc. (NJ) by 5.5% in the 1st quarter. Renaissance Technologies LLC now owns 345,194 shares of the bank’s stock worth $3,100,000 after buying an additional 18,000 shares during the period. Quantinno Capital Management LP grew its position in BCB Bancorp, Inc. (NJ) by 69.3% during the first quarter. Quantinno Capital Management LP now owns 141,904 shares of the bank’s stock valued at $1,274,000 after acquiring an additional 58,110 shares during the period. Empowered Funds LLC increased its stake in BCB Bancorp, Inc. (NJ) by 67.6% during the first quarter. Empowered Funds LLC now owns 79,006 shares of the bank’s stock worth $709,000 after acquiring an additional 31,880 shares during the last quarter. Root Financial Partners LLC increased its stake in BCB Bancorp, Inc. (NJ) by 14.7% during the fourth quarter. Root Financial Partners LLC now owns 82,000 shares of the bank’s stock worth $662,000 after acquiring an additional 10,500 shares during the last quarter. Finally, Strs Ohio raised its holdings in shares of BCB Bancorp, Inc. (NJ) by 3.3% in the 1st quarter. Strs Ohio now owns 66,500 shares of the bank’s stock worth $597,000 after purchasing an additional 2,100 shares during the period. 36.00% of the stock is currently owned by institutional investors and hedge funds.

BCB Bancorp, Inc. (NJ) Company Profile

BCB Bancorp, Inc is the holding company for BCB Community Bank, a community-focused banking institution headquartered in Bayonne, New Jersey. Through its banking subsidiary, the company provides deposit, lending and other financial services to individuals, families and businesses.

BCB Community Bank offers checking, savings, money market and certificate of deposit accounts, along with residential and commercial real estate loans, construction financing, commercial and industrial loans, consumer loans and home equity products.