Keefe, Bruyette & Woods Lowers BCB Bancorp (NASDAQ:BCBP) Price Target to $13.75

BCB Bancorp (NASDAQ:BCBP) had its target price reduced by equities researchers at Keefe, Bruyette & Woods from $15.00 to $13.75 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 26.96% from the stock’s previous close.

Separately, Piper Sandler decreased their price objective on BCB Bancorp from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday.

BCB Bancorp Trading Up 2.0 %

Shares of BCBP opened at $10.83 on Thursday. The stock’s 50-day moving average price is $12.06 and its 200 day moving average price is $12.19. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.79. The firm has a market capitalization of $184.65 million, a price-to-earnings ratio of 11.05 and a beta of 0.61. BCB Bancorp has a 12-month low of $9.19 and a 12-month high of $14.04.

BCB Bancorp (NASDAQ:BCBP) last issued its earnings results on Tuesday, January 28th. The bank reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.13). BCB Bancorp had a net margin of 9.46% and a return on equity of 6.33%. As a group, research analysts predict that BCB Bancorp will post 1.46 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Ryan Blake sold 8,677 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $13.06, for a total transaction of $113,321.62. Following the completion of the sale, the chief operating officer now directly owns 39,362 shares of the company’s stock, valued at $514,067.72. This trade represents a 18.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.86% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BCB Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of BCBP. Geode Capital Management LLC raised its holdings in shares of BCB Bancorp by 2.1% in the third quarter. Geode Capital Management LLC now owns 367,403 shares of the bank’s stock valued at $4,534,000 after buying an additional 7,631 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of BCB Bancorp during the third quarter worth approximately $1,450,000. Empowered Funds LLC grew its stake in shares of BCB Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 73,121 shares of the bank’s stock valued at $902,000 after purchasing an additional 3,618 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of BCB Bancorp by 345.4% in the third quarter. JPMorgan Chase & Co. now owns 59,707 shares of the bank’s stock valued at $737,000 after purchasing an additional 46,302 shares in the last quarter. Finally, AQR Capital Management LLC bought a new position in BCB Bancorp in the 2nd quarter worth approximately $334,000. Institutional investors and hedge funds own 36.00% of the company’s stock.

BCB Bancorp Company Profile

BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank that engages in the provision of banking products and services to businesses and individuals in the United States. The company offers insured deposit products, including savings and club accounts, interest and non-interest-bearing demand accounts, money market accounts, certificates of deposit, and individual retirement accounts.