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

BCB Bancorp (NASDAQ:BCBP) had its target price dropped by analysts at Keefe, Bruyette & Woods from $15.00 to $13.75 in a research report issued on Thursday,Benzinga reports. The firm currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 18.44% from the company’s previous close.

Separately, Piper Sandler lowered their price objective on shares of BCB Bancorp from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday.

BCB Bancorp Stock Performance

Shares of BCB Bancorp stock opened at $11.61 on Thursday. BCB Bancorp has a one year low of $9.19 and a one year high of $14.04. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market cap of $197.93 million, a price-to-earnings ratio of 10.07 and a beta of 0.61. The business’s 50 day moving average price is $12.16 and its 200 day moving average price is $12.20.

BCB Bancorp (NASDAQ:BCBP) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.13). BCB Bancorp had a return on equity of 7.31% and a net margin of 10.59%. On average, research analysts predict that BCB Bancorp will post 1.27 EPS for the current year.

Insider Activity

In other BCB Bancorp news, COO Ryan Blake sold 8,677 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $13.06, for a total transaction of $113,321.62. Following the completion of the transaction, the chief operating officer now directly owns 39,362 shares of the company’s stock, valued at approximately $514,067.72. This trade represents a 18.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 15.86% of the company’s stock.

Institutional Trading of BCB Bancorp

A number of large investors have recently made changes to their positions in BCBP. Geode Capital Management LLC increased its position 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 in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of BCB Bancorp in the 3rd quarter valued at about $1,450,000. Empowered Funds LLC lifted its stake in shares of BCB Bancorp by 5.2% in the 3rd 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 in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of BCB Bancorp by 345.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 59,707 shares of the bank’s stock valued at $737,000 after buying an additional 46,302 shares during the period. Finally, AQR Capital Management LLC purchased a new stake in shares of BCB Bancorp during the 2nd quarter valued at about $334,000. 36.00% of the stock is currently owned by hedge funds and other 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.