BCB Bancorp (NASDAQ:BCBP) Price Target Raised to $14.00

BCB Bancorp (NASDAQ:BCBP) had its price objective hoisted by research analysts at Piper Sandler from $11.50 to $14.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the bank’s stock. Piper Sandler’s price objective suggests a potential upside of 10.41% from the stock’s current price.

Separately, Keefe, Bruyette & Woods raised their price objective on shares of BCB Bancorp from $12.00 to $13.00 and gave the stock a “market perform” rating in a report on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $13.50.

BCB Bancorp Stock Up 0.2 %

Shares of NASDAQ BCBP opened at $12.68 on Monday. The firm has a fifty day simple moving average of $10.57 and a two-hundred day simple moving average of $10.71. BCB Bancorp has a 12 month low of $9.19 and a 12 month high of $13.90. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $215.05 million, a PE ratio of 8.13 and a beta of 0.58.

Insider Buying and Selling

In other BCB Bancorp news, Director Tara L. French acquired 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average price of $10.70 per share, with a total value of $26,750.00. Following the completion of the purchase, the director now directly owns 2,500 shares of the company’s stock, valued at approximately $26,750. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Tara L. French acquired 2,500 shares of the stock in a transaction on Thursday, May 23rd. The stock was acquired at an average price of $10.70 per share, for a total transaction of $26,750.00. Following the completion of the purchase, the director now owns 2,500 shares of the company’s stock, valued at $26,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark D. Hogan bought 5,000 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was bought at an average cost of $9.90 per share, for a total transaction of $49,500.00. Following the completion of the purchase, the director now owns 88,352 shares of the company’s stock, valued at approximately $874,684.80. The disclosure for this purchase can be found here. Insiders acquired a total of 16,422 shares of company stock worth $163,776 in the last three months. 15.86% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BCBP. Allspring Global Investments Holdings LLC bought a new stake in shares of BCB Bancorp during the second quarter valued at approximately $119,000. CWM LLC boosted its stake in BCB Bancorp by 1,232.6% during the 2nd quarter. CWM LLC now owns 2,492 shares of the bank’s stock valued at $26,000 after purchasing an additional 2,305 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in BCB Bancorp by 51.7% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 53,760 shares of the bank’s stock valued at $562,000 after purchasing an additional 18,327 shares during the last quarter. Quadrature Capital Ltd increased its holdings in shares of BCB Bancorp by 25.1% in the 1st quarter. Quadrature Capital Ltd now owns 17,348 shares of the bank’s stock worth $181,000 after purchasing an additional 3,483 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of BCB Bancorp by 3.3% in the first quarter. Vanguard Group Inc. now owns 775,070 shares of the bank’s stock worth $8,099,000 after purchasing an additional 25,064 shares during the last quarter. Institutional investors own 36.00% of the company’s stock.

BCB Bancorp Company Profile

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.