BCB Bancorp, Inc. (NJ) (BCBP) Upgraded to “Buy” by ValuEngine

ValuEngine upgraded shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) from a hold rating to a buy rating in a report released on Monday.

Other analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods began coverage on BCB Bancorp, Inc. (NJ) in a research report on Thursday, September 14th. They set an outperform rating and a $14.00 target price on the stock. DA Davidson began coverage on BCB Bancorp, Inc. (NJ) in a research report on Thursday, September 14th. They set a buy rating and a $15.00 target price on the stock.

BCB Bancorp, Inc. (NASDAQ:BCBP) opened at 12.80 on Monday. The stock has a market cap of $144.64 million, a PE ratio of 16.00 and a beta of 0.47. The firm’s 50-day moving average price is $13.85 and its 200-day moving average price is $15.23. BCB Bancorp, Inc. has a 52 week low of $10.91 and a 52 week high of $17.05.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last announced its earnings results on Monday, July 17th. The bank reported $0.26 earnings per share (EPS) for the quarter. The business had revenue of $17.09 million for the quarter. BCB Bancorp, Inc. (NJ) had a return on equity of 8.85% and a net margin of 12.89%. Equities analysts predict that BCB Bancorp, Inc. will post $0.85 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 7th were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.38%. BCB Bancorp, Inc. (NJ)’s payout ratio is 65.12%.

In other BCB Bancorp, Inc. (NJ) news, Director James G. Rizzo acquired 12,500 shares of the stock in a transaction dated Tuesday, September 12th. The stock was purchased at an average price of $12.25 per share, with a total value of $153,125.00. Following the transaction, the director now directly owns 48,500 shares of the company’s stock, valued at $594,125. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas Michael Coughlin acquired 20,000 shares of the stock in a transaction dated Tuesday, September 12th. The stock was acquired at an average cost of $12.25 per share, with a total value of $245,000.00. Following the transaction, the insider now directly owns 175,604 shares in the company, valued at $2,151,149. The disclosure for this purchase can be found here. Insiders bought a total of 41,250 shares of company stock valued at $506,580 in the last three months. Insiders own 16.76% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Rhumbline Advisers purchased a new position in BCB Bancorp, Inc. (NJ) in the 2nd quarter worth $153,000. New York State Common Retirement Fund purchased a new position in BCB Bancorp, Inc. (NJ) in the 2nd quarter worth $155,000. Dimensional Fund Advisors LP raised its stake in BCB Bancorp, Inc. (NJ) by 5.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 265,111 shares of the bank’s stock worth $4,056,000 after acquiring an additional 12,636 shares during the last quarter. Schwab Charles Investment Management Inc. purchased a new position in BCB Bancorp, Inc. (NJ) in the 2nd quarter worth $250,000. Finally, California State Teachers Retirement System purchased a new position in BCB Bancorp, Inc. (NJ) in the 2nd quarter worth $257,000. Institutional investors own 18.58% of the company’s stock.

BCB Bancorp, Inc. (NJ) Company Profile

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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