
BCB Bancorp (BCBP) Stock Forecast & Price Target
BCB Bancorp (BCBP) Analyst Ratings
Bulls say
BCB Bancorp has shown resilience with only modest increases in non-performing loans (NPLs) and classified loans, which stand at 3.5% and 9.2% of total loans respectively, suggesting improved asset quality in comparison to previous quarters. The reported net interest margin (NIM) expansion of 21 basis points to 2.80% reflects the company’s effective management in reducing reliance on wholesale and brokered funding, enhancing profitability. Although elevated net charge-offs (NCOs) of 78 basis points were observed, the context of a significant reserve for a specific loan indicates a proactive approach to potential credit risks, contributing to a favorable outlook for the company’s financial health.
Bears say
BCB Bancorp's stock outlook is negatively impacted by concerns surrounding missed growth and profitability expectations, as well as a deterioration in asset quality. The company has been trading at a significant discount to tangible book value per share due to these credit quality concerns, particularly related to elevated net charge-offs (NCOs) in its Business Express portfolio, which has seen loss rates around 13%. Additionally, the risks of dilutive mergers and acquisitions, alongside overall weakness in bank stock valuations, further contribute to a challenging financial outlook for BCB Bancorp.
This aggregate rating is based on analysts' research of BCB Bancorp and is not a guaranteed prediction by Public.com or investment advice.
BCB Bancorp (BCBP) Analyst Forecast & Price Prediction
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