** Community lender BCB Bancorp's BCBP.O shares fall 5.2% to $8.91
** BCBP posts Q1 loss of 51 cents/shr vs Wall Street expectations of profit of 22 cents/shr
** Q1 loss was driven by a $13.7 million reserve tied to a $34.2 million loan in the cannabis sector - CEO Michael Shriner
** "Although the borrower remains current, the significant deterioration in their financial condition warranted a downgrade to non-accrual status and the establishment of the reserve," Shriner says
** Piper Sandler cuts PT to $10 from $11.50 as it anticipates credit metrics might deteriorate a bit further through 2025 as the bank completes a broad review of the portfolio
** 1 of 4 brokerages rate the stock "strong buy" and three "hold"; median PT $12 - data compiled by LSEG
** As of last close, BCBP stock down 20.6% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。