BCB Bancorp (BCBP) Upgraded at Zacks Investment Research

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Zacks Investment Research upgraded shares of BCB Bancorp (NASDAQ:BCBP) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday morning.

According to Zacks, “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 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. The company offers deposit products, including savings and club accounts, interest and non-interest bearing demand accounts, money market accounts, certificates of deposit, individual retirement accounts, and term certificate accounts. In addition, the company offers retail and commercial banking services comprising wire transfers, money orders, safe deposit boxes, night depository services, debit cards, online and mobile banking services, gift cards, fraud detection services, and automated teller services. “

Separately, Keefe, Bruyette & Woods cut shares of BCB Bancorp from an outperform rating to a market perform rating in a research report on Tuesday, February 27th.

BCBP opened at $15.15 on Tuesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.13 and a current ratio of 1.13. BCB Bancorp has a 1 year low of $12.05 and a 1 year high of $16.10. The company has a market capitalization of $225.83 million, a P/E ratio of 14.71, a P/E/G ratio of 1.35 and a beta of 0.42.

BCB Bancorp (NASDAQ:BCBP) last released its earnings results on Monday, April 23rd. The bank reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.03. BCB Bancorp had a net margin of 13.86% and a return on equity of 9.48%. The business had revenue of $19.83 million for the quarter, compared to analysts’ expectations of $19.88 million. equities research analysts anticipate that BCB Bancorp will post 1.11 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of BCBP. QS Investors LLC purchased a new position in BCB Bancorp in the fourth quarter valued at approximately $166,000. The Manufacturers Life Insurance Company raised its holdings in BCB Bancorp by 16,145.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 11,697 shares of the bank’s stock valued at $170,000 after buying an additional 11,625 shares during the period. Mackay Shields LLC purchased a new position in BCB Bancorp in the first quarter valued at approximately $211,000. California State Teachers Retirement System raised its holdings in BCB Bancorp by 34.1% in the fourth quarter. California State Teachers Retirement System now owns 19,886 shares of the bank’s stock valued at $288,000 after buying an additional 5,062 shares during the period. Finally, Van Hulzen Asset Management LLC purchased a new position in BCB Bancorp in the fourth quarter valued at approximately $290,000. Hedge funds and other institutional investors own 32.88% of the company’s stock.

BCB Bancorp Company Profile

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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