BCB Bancorp (NASDAQ:BCBP) Stock Passes Below 200-Day Moving Average – Here’s What Happened

BCB Bancorp, Inc. (NASDAQ:BCBP) 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.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lifted their target price on shares of 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 Trading Up 3.2 %

The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $201.00 million, a P/E ratio of 10.08 and a beta of 0.61. The firm’s 50 day simple moving average is $12.48 and its two-hundred day simple moving average is $12.12.

BCB Bancorp (NASDAQ:BCBP) last posted its quarterly earnings results on Friday, October 18th. The bank reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. BCB Bancorp had a net margin of 10.59% and a return on equity of 7.31%. The firm had revenue of $51.75 million during the quarter, compared to the consensus estimate of $25.29 million. As a group, analysts forecast that BCB Bancorp, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling at BCB Bancorp

In other news, COO Ryan Blake sold 8,677 shares of BCB Bancorp stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $13.06, for a total transaction of $113,321.62. Following the completion of the transaction, the chief operating officer now directly owns 39,362 shares in the company, valued at $514,067.72. This trade represents a 18.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 15.86% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Jane Street Group LLC grew its holdings in shares of BCB Bancorp by 5.1% during the third quarter. Jane Street Group LLC now owns 15,669 shares of the bank’s stock valued at $193,000 after buying an additional 767 shares during the last quarter. CWM LLC grew its holdings in shares of BCB Bancorp by 105.3% during the third quarter. CWM LLC now owns 5,116 shares of the bank’s stock valued at $63,000 after buying an additional 2,624 shares during the last quarter. Empowered Funds LLC boosted its holdings in BCB Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 73,121 shares of the bank’s stock worth $902,000 after purchasing an additional 3,618 shares during the last quarter. Geode Capital Management LLC boosted its holdings in BCB Bancorp by 2.1% during the third 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 last quarter. Finally, Barclays PLC boosted its holdings 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 purchasing an additional 15,702 shares during the last quarter. 36.00% of the stock is currently owned by institutional investors and hedge funds.

About BCB Bancorp

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.