Shares of BCB Bancorp, Inc. (NASDAQ:BCBP) have been assigned a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokers have set a 1-year consensus price target of $17.00 for the company and are anticipating that the company will post $0.29 EPS for the current quarter, according to Zacks. Zacks has also given BCB Bancorp an industry rank of 111 out of 255 based on the ratings given to its competitors.
BCBP has been the topic of a number of recent research reports. ValuEngine downgraded shares of BCB Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Zacks Investment Research raised shares of BCB Bancorp from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 26th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $17.00 price target on shares of BCB Bancorp in a report on Friday, July 13th.
Several large investors have recently modified their holdings of BCBP. BlackRock Inc. lifted its stake in shares of BCB Bancorp by 21.0% in the 2nd quarter. BlackRock Inc. now owns 717,441 shares of the bank’s stock worth $10,762,000 after purchasing an additional 124,568 shares during the period. Renaissance Technologies LLC raised its stake in BCB Bancorp by 19.1% during the 2nd quarter. Renaissance Technologies LLC now owns 362,116 shares of the bank’s stock worth $5,432,000 after acquiring an additional 57,985 shares during the period. Dimensional Fund Advisors LP raised its stake in BCB Bancorp by 17.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 364,384 shares of the bank’s stock worth $5,703,000 after acquiring an additional 53,682 shares during the period. Acadian Asset Management LLC raised its stake in BCB Bancorp by 45.6% during the 2nd quarter. Acadian Asset Management LLC now owns 58,953 shares of the bank’s stock worth $884,000 after acquiring an additional 18,451 shares during the period. Finally, Hartford Investment Management Co. bought a new stake in BCB Bancorp during the 2nd quarter worth approximately $217,000. Hedge funds and other institutional investors own 30.85% of the company’s stock.
BCB Bancorp stock traded up $0.34 during mid-day trading on Friday, hitting $14.08. 676 shares of the company’s stock were exchanged, compared to its average volume of 22,628. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.16 and a quick ratio of 1.16. BCB Bancorp has a 1-year low of $13.43 and a 1-year high of $16.10. The company has a market capitalization of $218.59 million, a price-to-earnings ratio of 15.30, a PEG ratio of 1.36 and a beta of 0.48.
BCB Bancorp (NASDAQ:BCBP) last released its earnings results on Monday, July 30th. The bank reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.02). The business had revenue of $21.55 million during the quarter, compared to analysts’ expectations of $20.27 million. BCB Bancorp had a return on equity of 9.18% and a net margin of 12.13%. As a group, sell-side analysts anticipate that BCB Bancorp will post 1.02 earnings per share for the current year.
About BCB Bancorp
BCB Bancorp, Inc operates as the holding company for BCB Community Bank, a state chartered commercial bank that provides banking products and services to businesses and individuals in the United States. The company offers deposit products, including savings and club accounts, demand and NOW accounts, interest and non-interest bearing demand accounts, money market accounts, certificates of deposit, individual retirement accounts, and term certificate accounts.
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