BCB Bancorp CEO Thomas O’Brien purchases $1.24m in company stock

Thomas M. O’Brien, CEO and Director of BCB Bancorp Inc (BCBP), acquired 160,000 shares of the company's stock on September 18, 2026, totaling $1.24 million. At a price of $7.75 per share, these shares were part of BCB Bancorp's public offering of common stock. After this purchase, O’Brien now owns 869,220 shares directly. Meanwhile, BCB Bancorp reported a net loss for Q3 2026, estimated between $126.2 million and $136.1 million, mainly due to provisions for the anticipated sale of $210 million in loans.

The bank is restructuring to clean up its balance sheet and raised $98 million through a stock offering, priced at $7.75 per share, to address liquidity and loan issues. Analysts have lowered BCB Bancorp's price target to $9.50, with a Neutral rating, and $8.35, a Market Perform rating, citing loan loss challenges. Despite steady quarterly revenue of about $25 million, the bank remains pressured by loan losses and restructuring costs.