BCB Bancorp (NASDAQ:BCBP) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

BCB Bancorp, Inc. (NASDAQ:BCBP)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.12 and traded as low as $11.58. BCB Bancorp shares last traded at $11.79, with a volume of 63,037 shares.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upped their price target on BCB Bancorp from $13.25 to $13.50 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd.

BCB Bancorp Price Performance

The company has a debt-to-equity ratio of 1.79, a current ratio of 1.23 and a quick ratio of 1.23. The stock’s 50 day moving average price is $12.43 and its two-hundred day moving average price is $12.12. The firm has a market capitalization of $197.95 million, a price-to-earnings ratio of 9.92 and a beta of 0.61.

BCB Bancorp (NASDAQ:BCBP) last released its earnings results on Friday, October 18th. The bank reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The firm had revenue of $51.75 million during the quarter, compared to analyst estimates of $25.29 million. BCB Bancorp had a net margin of 10.59% and a return on equity of 7.31%. On average, equities research analysts anticipate that BCB Bancorp, Inc. will post 1.27 EPS for the current year.

Insider Transactions at BCB Bancorp

In other news, COO Ryan Blake sold 8,677 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $13.06, for a total value of $113,321.62. Following the sale, the chief operating officer now owns 39,362 shares in the company, valued at approximately $514,067.72. This trade represents a 18.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 28.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BCB Bancorp

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in shares of BCB Bancorp by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 367,403 shares of the bank’s stock worth $4,534,000 after purchasing an additional 7,631 shares during the period. Barclays PLC grew its position in BCB Bancorp by 235.3% during the third quarter. Barclays PLC now owns 22,375 shares of the bank’s stock worth $277,000 after buying an additional 15,702 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in BCB Bancorp during the third quarter worth about $1,450,000. AQR Capital Management LLC bought a new position in BCB Bancorp during the second quarter valued at about $334,000. Finally, CWM LLC raised its holdings in BCB Bancorp by 105.3% in the 3rd quarter. CWM LLC now owns 5,116 shares of the bank’s stock valued at $63,000 after acquiring an additional 2,624 shares in the last quarter. 36.00% of the stock is currently owned by institutional investors and hedge funds.

BCB Bancorp Company Profile

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.