BCB Bancorp (NASDAQ:BCBP) Price Target Increased to $14.00 by Analysts at Piper Sandler

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

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

BCB Bancorp Stock Up 0.2 %

BCB Bancorp stock opened at $12.68 on Monday. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.20 and a quick ratio of 1.20. The company’s 50-day moving average is $10.57 and its 200-day moving average is $10.71. The firm has a market capitalization of $215.05 million, a PE ratio of 8.13 and a beta of 0.58. BCB Bancorp has a fifty-two week low of $9.19 and a fifty-two week high of $13.90.

Insider Activity at BCB Bancorp

In related news, Director Tara L. French acquired 2,500 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was purchased at an average cost of $10.70 per share, for a total transaction of $26,750.00. Following the completion of the transaction, the director now directly owns 2,500 shares of the company’s stock, valued at approximately $26,750. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other BCB Bancorp news, Director Mark D. Hogan purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were acquired at an average cost of $9.90 per share, with a total value of $49,500.00. Following the completion of the transaction, the director now owns 88,352 shares in the company, valued at $874,684.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tara L. French acquired 2,500 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was acquired at an average cost of $10.70 per share, with a total value of $26,750.00. Following the acquisition, the director now directly owns 2,500 shares in the company, valued at $26,750. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 16,422 shares of company stock worth $163,776. Insiders own 15.86% of the company’s stock.

Institutional Investors Weigh In On BCB Bancorp

Several institutional investors have recently made changes to their positions in BCBP. Allspring Global Investments Holdings LLC acquired a new position in BCB Bancorp in the 2nd quarter valued at $119,000. CWM LLC increased its position in shares of BCB Bancorp by 1,232.6% in the second quarter. CWM LLC now owns 2,492 shares of the bank’s stock worth $26,000 after purchasing an additional 2,305 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in BCB Bancorp by 51.7% in the first 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 in the last quarter. Quadrature Capital Ltd lifted its position in BCB Bancorp by 25.1% during the first quarter. Quadrature Capital Ltd now owns 17,348 shares of the bank’s stock worth $181,000 after purchasing an additional 3,483 shares during the period. Finally, Vanguard Group Inc. grew its stake in BCB Bancorp by 3.3% during the first quarter. Vanguard Group Inc. now owns 775,070 shares of the bank’s stock worth $8,099,000 after buying an additional 25,064 shares in the last quarter. 36.00% of the stock is currently owned by institutional investors.

About BCB Bancorp

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.