BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) from a strong sell rating to a hold rating in a research note issued to investors on Saturday morning.

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

BCB Bancorp, Inc. (NJ) Stock Up 4.6%

Shares of NASDAQ:BCBP opened at $8.25 on Friday. BCB Bancorp, Inc. has a 52-week low of $7.31 and a 52-week high of $11.07. The stock has a market cap of $142.15 million, a P/E ratio of -9.82 and a beta of 0.77. The business has a fifty day moving average of $8.07 and a two-hundred day moving average of $8.27. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.10.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last announced its quarterly earnings results on Friday, January 30th. The bank reported ($0.73) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.87). BCB Bancorp, Inc. (NJ) had a negative net margin of 6.90% and a negative return on equity of 4.30%. The firm had revenue of $26.17 million for the quarter, compared to analyst estimates of $25.22 million. On average, research analysts expect that BCB Bancorp, Inc. will post 1.24 earnings per share for the current year.

BCB Bancorp, Inc. (NJ) Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Wednesday, February 11th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.9%. BCB Bancorp, Inc. (NJ)’s dividend payout ratio is currently -76.19%.

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

Several hedge funds and other institutional investors have recently made changes to their positions in BCBP. Strs Ohio raised its holdings in BCB Bancorp, Inc. (NJ) by 2.9% in the fourth quarter. Strs Ohio now owns 64,400 shares of the bank’s stock valued at $520,000 after acquiring an additional 1,800 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in shares of BCB Bancorp, Inc. (NJ) during the fourth quarter worth $525,000. Public Employees Retirement System of Ohio increased its holdings in BCB Bancorp, Inc. (NJ) by 76.8% in the third quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank’s stock valued at $47,000 after buying an additional 2,352 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in BCB Bancorp, Inc. (NJ) in the third quarter valued at $89,000. Finally, Millennium Management LLC lifted its holdings in BCB Bancorp, Inc. (NJ) by 50.5% during the 3rd quarter. Millennium Management LLC now owns 76,102 shares of the bank’s stock worth $661,000 after buying an additional 25,530 shares during the last quarter. Hedge funds and other institutional investors own 36.00% of the company’s stock.

BCB Bancorp, Inc. (NJ) Company Profile

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.