Analysts Set $15.00 Target Price for BCB Bancorp, Inc. (BCBP)

Shares of BCB Bancorp, Inc. (NASDAQ:BCBP) have earned a consensus broker rating score of 1.50 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company.

Analysts have set a twelve-month consensus target price of $15.00 for the company and are predicting that the company will post $0.21 EPS for the current quarter, according to Zacks. Zacks has also given BCB Bancorp an industry rank of 17 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research cut BCB Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th.

In related news, Director James G. Rizzo acquired 1,750 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were purchased at an average price of $14.53 per share, with a total value of $25,427.50. Following the completion of the purchase, the director now directly owns 48,500 shares of the company’s stock, valued at $704,705. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders bought 5,180 shares of company stock worth $74,309 in the last ninety days. Corporate insiders own 16.76% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. TIAA CREF Investment Management LLC purchased a new stake in shares of BCB Bancorp in the second quarter worth about $394,000. Dimensional Fund Advisors LP boosted its position in BCB Bancorp by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 265,111 shares of the bank’s stock worth $4,056,000 after purchasing an additional 12,636 shares during the period. OxFORD Asset Management LLP purchased a new stake in BCB Bancorp during the 3rd quarter worth $338,000. Northern Trust Corp boosted its position in BCB Bancorp by 334.4% in the 2nd quarter. Northern Trust Corp now owns 106,720 shares of the bank’s stock valued at $1,633,000 after buying an additional 82,153 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in BCB Bancorp by 142.4% during the second quarter. Bank of New York Mellon Corp now owns 41,236 shares of the bank’s stock worth $631,000 after acquiring an additional 24,224 shares during the period. 32.45% of the stock is currently owned by institutional investors.

Shares of BCB Bancorp (NASDAQ BCBP) remained flat at $$15.65 during trading on Friday. 20,300 shares of the stock were exchanged, compared to its average volume of 34,142. BCB Bancorp has a 1 year low of $12.05 and a 1 year high of $17.05. The firm has a market capitalization of $235.25, a P/E ratio of 16.30, a PEG ratio of 1.49 and a beta of 0.43. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.11 and a current ratio of 1.12.

BCB Bancorp (NASDAQ:BCBP) last issued its earnings results on Thursday, October 19th. The bank reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. BCB Bancorp had a return on equity of 9.04% and a net margin of 14.19%. The business had revenue of $17.21 million during the quarter, compared to analyst estimates of $17.70 million. sell-side analysts expect that BCB Bancorp will post 0.92 EPS for the current year.

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About BCB Bancorp

BCB Bancorp, Inc is the holding company parent of BCB Community Bank (the Bank). The Bank is a community-oriented financial institution. Its business is to offer Federal Deposit Insurance Corporation (FDIC)-insured deposit products and to invest funds held in deposit accounts at the Bank, together with funds generated from operations, in loans and investment securities.

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