BCB Bancorp (NASDAQ:BCBP) Share Price Crosses Below 200 Day Moving Average – What’s Next?

BCB Bancorp, Inc. (NASDAQ:BCBP)’s share price passed 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.

Analyst Upgrades and Downgrades

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

BCB Bancorp Price Performance

The stock has a 50 day moving average of $12.43 and a two-hundred day moving average of $12.12. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a market cap of $197.95 million, a PE 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 the consensus estimate of $0.32 by $0.04. The business had revenue of $51.75 million for the quarter, compared to the consensus estimate of $25.29 million. BCB Bancorp had a net margin of 10.59% and a return on equity of 7.31%. Equities 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 company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $13.06, for a total value of $113,321.62. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 28.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC boosted its stake in shares of BCB Bancorp by 5.1% during the 3rd 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 period. CWM LLC raised 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 worth $63,000 after acquiring an additional 2,624 shares in the last quarter. Empowered Funds LLC boosted its position in BCB Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 73,121 shares of the bank’s stock valued at $902,000 after purchasing an additional 3,618 shares during the last quarter. Geode Capital Management LLC grew its stake in BCB Bancorp by 2.1% in the third quarter. Geode Capital Management LLC now owns 367,403 shares of the bank’s stock valued at $4,534,000 after purchasing an additional 7,631 shares in the last quarter. Finally, Barclays PLC increased its position in BCB Bancorp by 235.3% in the 3rd 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 owned by hedge funds and other institutional investors.

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.