Insider Buying: BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) CFO Acquires $77,500.00 in Stock

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP – Get Free Report) CFO Jawad Chaudhry purchased 10,000 shares of the business’s stock in a transaction dated Friday, September 18th. The shares were acquired at an average price of $7.75 per share, with a total value of $77,500.00. Following the completion of the acquisition, the chief financial officer owned 62,500 shares of the company’s stock, valued at approximately $484,375. The trade was a 19.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BCB Bancorp, Inc. (NJ) Stock Up 0.7%

BCBP opened at $8.75 on Friday. The business has a 50 day moving average of $9.07 and a 200-day moving average of $9.59. The stock has a market capitalization of $158.38 million, a price-to-earnings ratio of -7.95 and a beta of 0.69. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. BCB Bancorp, Inc. has a 1-year low of $7.31 and a 1-year high of $11.71.

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BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP – Get Free Report) last announced its earnings results 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 company had revenue of $22.88 million for the quarter, compared to the consensus estimate of $25.55 million. BCB Bancorp, Inc. (NJ) had a negative return on equity of 6.29% and a negative net margin of 10.21%. As a group, sell-side analysts anticipate that BCB Bancorp, Inc. will post -7.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Piper Sandler cut their price objective on shares of 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 BCB Bancorp, Inc. (NJ) from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Wall Street Zen lowered BCB Bancorp, Inc. (NJ) from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 19th. 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, Brean Capital downgraded BCB Bancorp, Inc. (NJ) from a “buy” rating to a “neutral” rating and set a $9.00 price objective for the company. in a research report on Friday, September 18th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $8.95.

View Our Latest Report on BCB Bancorp, Inc. (NJ)

Institutional Investors Weigh In On BCB Bancorp, Inc. (NJ)

Several institutional investors and hedge funds have recently bought and sold shares of BCBP. Empowered Funds LLC lifted its holdings in shares of BCB Bancorp, Inc. (NJ) by 67.6% during the 1st 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 period. Bank of America Corp DE increased its stake in BCB Bancorp, Inc. (NJ) by 80.1% in the first quarter. Bank of America Corp DE now owns 45,656 shares of the bank’s stock valued at $410,000 after acquiring an additional 20,300 shares during the period. Quantinno Capital Management LP raised its position in BCB Bancorp, Inc. (NJ) by 69.3% in the first quarter. Quantinno Capital Management LP now owns 141,904 shares of the bank’s stock worth $1,274,000 after purchasing an additional 58,110 shares in the last quarter. Cannell & Spears LLC acquired a new position in BCB Bancorp, Inc. (NJ) in the first quarter worth about $92,000. Finally, Renaissance Technologies LLC lifted its stake in BCB Bancorp, Inc. (NJ) by 5.5% during the first quarter. Renaissance Technologies LLC now owns 345,194 shares of the bank’s stock worth $3,100,000 after purchasing an additional 18,000 shares during the period. Institutional investors own 36.00% of the company’s stock.

BCB Bancorp, Inc. (NJ) Company Profile

(Get Free Report)

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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