Piper Sandler Cuts BCB Bancorp (NASDAQ:BCBP) Price Target to $13.00

BCB Bancorp (NASDAQ:BCBP - Get Free Report) had its price objective cut by stock analysts at Piper Sandler from $14.00 to $13.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the bank's stock. Piper Sandler's target price indicates a potential upside of 22.35% from the stock's current price.

Separately, Keefe, Bruyette & Woods upped their target price on shares of BCB Bancorp from $13.25 to $13.50 and gave the company a "market perform" rating in a research note on Tuesday, October 22nd.

BCB Bancorp Stock Performance

BCBP stock traded down $0.21 during mid-day trading on Thursday, reaching $10.63. 29,478 shares of the stock traded hands, compared to its average volume of 60,235. The firm has a market capitalization of $181.16 million, a PE ratio of 10.88 and a beta of 0.60. The business has a 50-day moving average of $12.06 and a two-hundred day moving average of $12.19. BCB Bancorp has a 52 week low of $9.19 and a 52 week high of $14.04. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.79.

BCB Bancorp (NASDAQ:BCBP - Get Free Report) last announced its earnings results on Tuesday, January 28th. The bank reported $0.16 earnings per share for the quarter, missing the consensus estimate 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, equities analysts predict that BCB Bancorp will post 1.38 EPS for the current fiscal year.

Insider Activity

In other BCB Bancorp news, COO Ryan Blake sold 8,677 shares of BCB Bancorp stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 39,362 shares of the company's stock, valued at approximately $514,067.72. The trade was a 18.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 28.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BCB Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of BCBP. Jane Street Group LLC raised its stake in BCB Bancorp by 5.1% during the third quarter. Jane Street Group LLC now owns 15,669 shares of the bank's stock worth $193,000 after acquiring an additional 767 shares in the last quarter. CWM LLC boosted its holdings in shares of BCB Bancorp by 105.3% in the 3rd quarter. CWM LLC now owns 5,116 shares of the bank's stock worth $63,000 after acquiring an additional 2,624 shares in the last quarter. Empowered Funds LLC grew its holdings 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 worth $902,000 after purchasing an additional 3,618 shares during the last quarter. Geode Capital Management LLC grew its holdings in BCB Bancorp by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 367,403 shares of the bank's stock worth $4,534,000 after acquiring an additional 7,631 shares during the last quarter. Finally, Barclays PLC increased its position in BCB Bancorp by 235.3% in the 3rd quarter. Barclays PLC now owns 22,375 shares of the bank's stock valued at $277,000 after acquiring an additional 15,702 shares in the last quarter. 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.