BCB Bancorp Inc

BCB Bancorp's updated fair value estimate has been lowered to US$9.45 from US$11.75, bringing it closer to recent Street price targets of around US$8 to US$9 per share. The reset follows the company's disclosure of an expected Q3 net loss of US$126.2m to US$136.1m and US$112m to US$120m in provisions, alongside a US$98m common stock offering at US$7.75 per share and a planned US$75m follow-on stock offering. Brean Capital downgraded BCB Bancorp to Neutral from Buy with a US$9 price target, while Keefe Bruyette cut its target to US$8.35 from US$11 and maintained a Market Perform rating. Brean Capital noted a swift pace of credit resolution with planned loan sales over the next two to six weeks, and said recent credit and capital actions could position BCB Bancorp for a potential sale in early to mid 2027. The updated model also shifted its revenue growth assumption to 33.39% from 25.59%, its net profit margin assumption to 30.14% from 45.41%, its future P/E multiple to 5.31x from 3.78x, and its discount rate to 7.86% from 8.42%.

Generac Holdings surged 33.7% in premarket trading after announcing a long-term agreement with Amazon to supply industrial backup generators for the technology giant's global data centers. The agreement calls for initial deliveries worth about $2.4 billion across 2027 and 2028, while the total value of the arrangement could reach as much as $8 billion. Amazon will also receive a warrant to purchase about 1.69 million Generac shares at an exercise price of approximately $200.93 per share, representing nearly 3% of the company's shares outstanding. Nebius Group NV rose 11.1% in pre-open trading after notifying customers of broad-based price increases across its on-demand GPU cloud services effective Oct. 1, with prices rising approximately 17% for H100 instances, roughly 21% for the latest Nvidia B300 GPU, and 25% for AMD EPYC Genoa CPU rates. BCB Bancorp fell 4.9% in premarket trading after pricing an underwritten public offering of 11 million common shares for gross proceeds of $85.25 million and disclosing it is marketing approximately $210 million of problem loans, while expecting a net loss of between $126.2 million and $136.1 million for the third quarter of 2026.

BCB Bancorp priced an underwritten public offering of 11 million shares of common stock at $7.75 per share, for expected gross proceeds of $85.25 million. The offering is expected to close September 18, and the company granted the underwriter a 30-day option to purchase up to 1.65 million additional shares at the public offering price, less underwriting discounts and commissions. BCB Bancorp said the net proceeds will be used for general corporate purposes, including maintaining liquidity, funding working capital, supporting bank capital in connection with the expected disposition of identified potential problem loans, reducing debt and maintaining capital and liquidity ratios. The stock price slipped about 4.4% on Wednesday after market hours of trading.

BCB Bancorp has suspended its quarterly cash dividend on both common and preferred stock as part of a capital preservation effort. The board also voted to suspend its 2026 amended and restated dividend reinvestment and stock purchase plan. CEO Thomas O'Brien said the bank will undergo a fulsome evaluation of its credit portfolios, and eliminating the quarterly dividend will conserve approximately $1.86 million of capital per quarter. Shares were trading 1.90% lower at $10.85 after market hours on Thursday.