BCB Bancorp (NASDAQ:BCBP) PT Lowered to $12.00 at Keefe, Bruyette & Woods

BCB Bancorp (NASDAQ:BCBP) had its price target cut by Keefe, Bruyette & Woods from $14.00 to $12.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 24.74% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. TheStreet cut BCB Bancorp from a “b-” rating to a “c+” rating in a report on Tuesday, February 20th. Piper Sandler raised their price target on BCB Bancorp from $13.00 to $13.50 and gave the company a “neutral” rating in a report on Tuesday, January 30th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, BCB Bancorp has an average rating of “Hold” and a consensus price target of $12.75.

BCB Bancorp Price Performance

NASDAQ BCBP opened at $9.62 on Tuesday. The company has a market capitalization of $163.06 million, a PE ratio of 6.17 and a beta of 0.58. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.20 and a current ratio of 1.20. The business’s fifty day moving average is $10.32 and its 200 day moving average is $11.28. BCB Bancorp has a fifty-two week low of $9.19 and a fifty-two week high of $13.90.

BCB Bancorp (NASDAQ:BCBP) last released its earnings results on Thursday, January 25th. The bank reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). The company had revenue of $27.15 million for the quarter, compared to analysts’ expectations of $27.33 million. BCB Bancorp had a net margin of 13.41% and a return on equity of 9.78%. Sell-side analysts predict that BCB Bancorp will post 1.48 earnings per share for the current year.

Institutional Investors Weigh In On BCB Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of BCBP. New York State Common Retirement Fund increased its holdings in shares of BCB Bancorp by 91.1% in the fourth quarter. New York State Common Retirement Fund now owns 2,727 shares of the bank’s stock worth $35,000 after purchasing an additional 1,300 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of BCB Bancorp in the fourth quarter worth about $106,000. RMR Wealth Builders bought a new stake in shares of BCB Bancorp in the fourth quarter worth about $164,000. Quadrature Capital Ltd bought a new stake in shares of BCB Bancorp in the fourth quarter worth about $178,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of BCB Bancorp in the third quarter worth about $184,000. 36.00% of the stock is owned by institutional investors.

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.