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

BCB Bancorp (NASDAQ:BCBP - Get Free Report) had its price target reduced by stock analysts at Keefe, Bruyette & Woods from $15.00 to $13.75 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "market perform" rating on the bank's stock. Keefe, Bruyette & Woods' price target would indicate a potential upside of 28.87% from the company's current price.

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

BCB Bancorp Stock Down 1.5 %

Shares of NASDAQ:BCBP traded down $0.16 during midday trading on Thursday, reaching $10.67. The company had a trading volume of 31,684 shares, compared to its average volume of 60,341. 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 current ratio of 1.23 and a quick ratio of 1.23. The stock has a market capitalization of $181.92 million, a P/E ratio of 10.89 and a beta of 0.60. The stock's fifty day moving average price is $12.06 and its 200-day moving average price is $12.19.

BCB Bancorp (NASDAQ:BCBP - Get Free Report) last issued its earnings results on Tuesday, January 28th. The bank reported $0.16 earnings per share (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%. Equities research analysts expect that BCB Bancorp will post 1.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BCB Bancorp news, COO Ryan Blake sold 8,677 shares of the business's stock in a transaction dated 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 $514,067.72. The trade was a 18.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 28.70% of the company's stock.

Institutional Investors Weigh In On BCB Bancorp

Hedge funds have recently made changes to their positions in the business. CWM LLC increased its position in BCB Bancorp by 105.3% in the 3rd quarter. CWM LLC now owns 5,116 shares of the bank's stock valued at $63,000 after acquiring an additional 2,624 shares during the period. Jane Street Group LLC increased its holdings in shares of BCB Bancorp by 5.1% during the third quarter. Jane Street Group LLC now owns 15,669 shares of the bank's stock valued at $193,000 after purchasing an additional 767 shares during the period. Barclays PLC raised its stake in shares of BCB Bancorp by 235.3% during the third quarter. Barclays PLC now owns 22,375 shares of the bank's stock valued at $277,000 after purchasing an additional 15,702 shares in the last quarter. AQR Capital Management LLC bought a new position in BCB Bancorp in the 2nd quarter valued at about $334,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in BCB Bancorp during the 3rd quarter valued at about $356,000. Institutional investors own 36.00% of the company's stock.

About BCB Bancorp

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.