BCB Bancorp (NASDAQ:BCBP) Stock Passes Below 200-Day Moving Average – Should You Sell?

BCB Bancorp, Inc. (NASDAQ:BCBP) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Wall Street Analyst Weigh In

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

BCB Bancorp Price Performance

The business has a 50-day moving average price of $12.48 and a 200 day moving average price of $12.12. The company has a market cap of $201.00 million, a price-to-earnings ratio of 10.08 and a beta of 0.61. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.79.

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

Insider Activity

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

Institutional Trading of BCB Bancorp

A number of hedge funds have recently modified their holdings of BCBP. Segall Bryant & Hamill LLC purchased a new stake in shares of BCB Bancorp in the third quarter valued at $1,450,000. JPMorgan Chase & Co. lifted its holdings in shares of BCB Bancorp by 345.4% in the third quarter. JPMorgan Chase & Co. now owns 59,707 shares of the bank’s stock valued at $737,000 after purchasing an additional 46,302 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of BCB Bancorp in the second quarter worth $334,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of BCB Bancorp in the third quarter worth $356,000. Finally, Barclays PLC increased its stake in shares of BCB Bancorp by 235.3% in the third quarter. Barclays PLC now owns 22,375 shares of the bank’s stock worth $277,000 after acquiring an additional 15,702 shares during the last quarter. Hedge funds and other institutional investors own 36.00% of the company’s stock.

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.