Piper Sandler Issues Pessimistic Forecast for BCB Bancorp (NASDAQ:BCBP) Stock Price

BCB Bancorp (NASDAQ:BCBP) had its price target reduced by equities research analysts at Piper Sandler from $14.00 to $13.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the bank’s stock. Piper Sandler’s price target suggests a potential upside of 10.36% from the company’s current price.

Separately, Keefe, Bruyette & Woods increased their target price on BCB Bancorp from $13.25 to $13.50 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd.

BCB Bancorp Trading Up 0.4 %

Shares of BCBP opened at $11.78 on Thursday. The company has a market capitalization of $200.83 million, a P/E ratio of 10.07 and a beta of 0.61. 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 stock has a 50-day moving average price of $12.16 and a 200 day moving average price of $12.20.

BCB Bancorp (NASDAQ:BCBP) last issued its quarterly 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 10.59% and a return on equity of 7.31%. Sell-side analysts forecast that BCB Bancorp will post 1.27 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Ryan Blake sold 8,677 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $13.06, for a total value of $113,321.62. Following the sale, the chief operating officer now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 15.86% of the company’s stock.

Institutional Trading of BCB Bancorp

Several large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in BCB Bancorp by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 367,403 shares of the bank’s stock valued at $4,534,000 after acquiring an additional 7,631 shares during the period. Segall Bryant & Hamill LLC acquired a new position in shares of BCB Bancorp during the 3rd quarter valued at $1,450,000. Empowered Funds LLC grew its holdings 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 worth $902,000 after acquiring an additional 3,618 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of BCB Bancorp by 345.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,707 shares of the bank’s stock worth $737,000 after acquiring an additional 46,302 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new position in shares of BCB Bancorp during the second quarter valued at $334,000. 36.00% of the stock is currently owned by institutional investors and hedge funds.

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.