BCB Bancorp, Inc. (BCBP) Given $15.00 Average Target Price by Analysts

BCB Bancorp, Inc. (NASDAQ:BCBP) has received a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.

Brokers have set a 12-month consensus target price of $15.00 for the company and are forecasting that the company will post $0.31 earnings per share for the current quarter, according to Zacks. Zacks has also given BCB Bancorp an industry rank of 110 out of 256 based on the ratings given to related companies.

Several analysts have weighed in on BCBP shares. TheStreet cut BCB Bancorp from a “b” rating to a “c+” rating in a report on Thursday, December 6th. Zacks Investment Research raised BCB Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th. Finally, ValuEngine cut BCB Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd.

Several large investors have recently added to or reduced their stakes in BCBP. Rhumbline Advisers purchased a new stake in shares of BCB Bancorp in the 2nd quarter valued at about $191,000. BlackRock Inc. raised its holdings in shares of BCB Bancorp by 21.0% in the 2nd quarter. BlackRock Inc. now owns 717,441 shares of the bank’s stock valued at $10,762,000 after acquiring an additional 124,568 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of BCB Bancorp by 13.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 413,270 shares of the bank’s stock valued at $6,199,000 after acquiring an additional 48,886 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of BCB Bancorp by 19.1% in the 2nd quarter. Renaissance Technologies LLC now owns 362,116 shares of the bank’s stock valued at $5,432,000 after acquiring an additional 57,985 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of BCB Bancorp by 6.9% in the 2nd quarter. Northern Trust Corp now owns 152,247 shares of the bank’s stock valued at $2,284,000 after acquiring an additional 9,876 shares in the last quarter. 30.75% of the stock is currently owned by hedge funds and other institutional investors.

BCBP traded up $0.19 during trading on Friday, reaching $11.00. 36,700 shares of the company were exchanged, compared to its average volume of 55,300. The stock has a market capitalization of $165.45 million, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 0.84 and a beta of 0.60. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.15 and a current ratio of 1.15. BCB Bancorp has a 12-month low of $10.12 and a 12-month high of $16.10.

BCB Bancorp (NASDAQ:BCBP) last issued its quarterly earnings data on Friday, October 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The company had revenue of $21.93 million for the quarter, compared to analysts’ expectations of $22.94 million. BCB Bancorp had a return on equity of 9.88% and a net margin of 12.44%. On average, research analysts forecast that BCB Bancorp will post 1.01 earnings per share for the current fiscal year.

About BCB Bancorp

BCB Bancorp, Inc operates as the holding company for BCB Community Bank, a state chartered commercial bank that provides banking products and services to businesses and individuals in the United States. The company offers deposit products, including savings and club accounts, demand and NOW accounts, interest and non-interest bearing demand accounts, money market accounts, certificates of deposit, individual retirement accounts, and term certificate accounts.

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