BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP – Get Free Report) was downgraded by investment analysts at Brean Capital from a “buy” rating to a “neutral” rating in a research note issued on Friday, Marketbeat reports. They currently have a $9.00 price objective on the bank’s stock. Brean Capital’s price target would suggest a potential upside of 3.57% from the company’s previous close.
Other analysts have also issued reports about the company. Weiss Ratings lowered BCB Bancorp, Inc. (NJ) from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Keefe, Bruyette & Woods dropped their target price on BCB Bancorp, Inc. (NJ) from $11.00 to $8.35 and set a “market perform” rating on the stock in a report on Thursday. Finally, Wall Street Zen cut BCB Bancorp, Inc. (NJ) from a “hold” rating to a “sell” rating in a research report on Monday, August 17th. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $9.45.
Read Our Latest Stock Analysis on BCB Bancorp, Inc. (NJ)
BCB Bancorp, Inc. (NJ) Stock Up 5.3%
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The bank reported ($0.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($1.10). The business 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 research analysts predict that BCB Bancorp, Inc. will post -0.48 earnings per share for the current fiscal year.
Institutional Investors Weigh In On BCB Bancorp, Inc. (NJ)
Several large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its holdings in BCB Bancorp, Inc. (NJ) by 247.0% during the first quarter. PNC Financial Services Group Inc. now owns 4,105 shares of the bank’s stock worth $37,000 after buying an additional 2,922 shares during the last quarter. Cannell & Spears LLC bought a new position in shares of BCB Bancorp, Inc. (NJ) during the 1st quarter valued at approximately $92,000. World Investment Advisors bought a new position in shares of BCB Bancorp, Inc. (NJ) during the 4th quarter valued at approximately $358,000. Bank of America Corp DE increased its stake in shares of BCB Bancorp, Inc. (NJ) by 80.1% during the 1st quarter. Bank of America Corp DE now owns 45,656 shares of the bank’s stock worth $410,000 after purchasing an additional 20,300 shares during the last quarter. Finally, Strs Ohio increased its stake in shares of BCB Bancorp, Inc. (NJ) by 3.3% during 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 last quarter. 36.00% 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 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.
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