BCB Bancorp (NASDAQ:BCBP) Trading 9.9% Higher

BCB Bancorp, Inc. (NASDAQ:BCBP)’s share price traded up 9.9% on Friday . The company traded as high as $14.96 and last traded at $13.85. 244,589 shares traded hands during mid-day trading, an increase of 892% from the average session volume of 24,662 shares. The stock had previously closed at $12.60.

Separately, Zacks Investment Research raised BCB Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. BCB Bancorp currently has a consensus rating of “Hold” and a consensus target price of $14.00.

The business has a 50-day moving average price of $12.55. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market capitalization of $227.11 million, a P/E ratio of 12.26, a price-to-earnings-growth ratio of 1.18 and a beta of 0.70.

BCB Bancorp (NASDAQ:BCBP) last issued its quarterly earnings results on Thursday, April 18th. The bank reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.02. BCB Bancorp had a return on equity of 10.65% and a net margin of 14.55%. The company had revenue of $22.56 million during the quarter, compared to analysts’ expectations of $23.42 million. On average, research analysts forecast that BCB Bancorp, Inc. will post 1.17 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Context BH Capital Management LP acquired a new position in shares of BCB Bancorp in the 1st quarter valued at about $174,000. Martingale Asset Management L P lifted its holdings in shares of BCB Bancorp by 44.3% in the 1st quarter. Martingale Asset Management L P now owns 54,106 shares of the bank’s stock valued at $726,000 after buying an additional 16,600 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of BCB Bancorp by 16.7% in the 4th quarter. Bank of New York Mellon Corp now owns 110,748 shares of the bank’s stock valued at $1,160,000 after buying an additional 15,853 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of BCB Bancorp by 14.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 527,207 shares of the bank’s stock valued at $5,520,000 after buying an additional 66,351 shares during the period. Finally, Mackay Shields LLC acquired a new position in shares of BCB Bancorp in the 4th quarter valued at about $140,000. 28.20% of the stock is owned by institutional investors.

BCB Bancorp Company Profile (NASDAQ:BCBP)

BCB Bancorp, Inc operates as a bank 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 interest and non-interest bearing demand, NOW, savings and club, money market, term certificate, interest bearing checking, and individual retirement accounts.

Further Reading: The primary rules of Elliott Wave theory

Receive News & Ratings for BCB Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCB Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.