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

BCB Bancorp, Inc. (NASDAQ:BCBP) passed 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 trading hands.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upped their target price 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 company has a market capitalization of $201.00 million, a P/E ratio of 10.08 and a beta of 0.61. The company has a fifty day moving average price of $12.48 and a 200 day moving average price of $12.12. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.23 and a quick ratio of 1.23.

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

Insider Buying and Selling

In related news, COO Ryan Blake sold 8,677 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 39,362 shares of the company’s stock, valued at $514,067.72. This represents a 18.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 15.86% of the company’s stock.

Hedge Funds Weigh In On BCB Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in BCB Bancorp by 345.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,707 shares of the bank’s stock worth $737,000 after buying an additional 46,302 shares in the last quarter. Barclays PLC lifted its position in 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 purchasing an additional 15,702 shares during the period. Geode Capital Management LLC lifted its position in BCB Bancorp by 2.1% in 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 period. Jane Street Group LLC lifted its position in BCB Bancorp by 5.1% in the third quarter. Jane Street Group LLC now owns 15,669 shares of the bank’s stock worth $193,000 after purchasing an additional 767 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in BCB Bancorp in the third quarter worth approximately $356,000. 36.00% of the stock is owned by institutional investors.

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.