BCB Bancorp (NASDAQ:BCBP) Stock Price Passes Below 200-Day Moving Average – Time to 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 changing hands.

Wall Street Analyst Weigh In

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 report on Tuesday, October 22nd.

BCB Bancorp Stock Down 0.2 %

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 has a market cap of $197.95 million, a price-to-earnings ratio of 9.92 and a beta of 0.61. The firm has a 50 day simple moving average of $12.43 and a two-hundred day simple moving average of $12.12.

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

Insiders Place Their Bets

In other BCB Bancorp news, COO Ryan Blake sold 8,677 shares of the business’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 completion of the transaction, the chief operating officer now directly owns 39,362 shares of the company’s stock, valued at approximately $514,067.72. The trade was a 18.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 28.70% of the company’s stock.

Hedge Funds Weigh In On BCB Bancorp

Several institutional investors have recently modified their holdings of BCBP. Jane Street Group LLC increased its stake in BCB Bancorp by 5.1% during the 3rd quarter. Jane Street Group LLC now owns 15,669 shares of the bank’s stock worth $193,000 after purchasing an additional 767 shares in the last quarter. CWM LLC increased its position 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 increased its position in shares of 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 acquiring an additional 3,618 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 acquiring an additional 7,631 shares during the period. Finally, Barclays PLC lifted its position in BCB Bancorp by 235.3% in the 3rd quarter. Barclays PLC now owns 22,375 shares of the bank’s stock valued at $277,000 after acquiring an additional 15,702 shares in the last quarter. Institutional investors own 36.00% of the company’s stock.

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.