BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Stock Price Passes Below 200-Day Moving Average – Here’s Why

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.54 and traded as low as $8.65. BCB Bancorp, Inc. (NJ) shares last traded at $8.68, with a volume of 115,135 shares traded.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Wall Street Zen lowered BCB Bancorp, Inc. (NJ) from a “hold” rating to a “sell” rating in a research note on Monday, August 17th. Weiss Ratings downgraded shares of BCB Bancorp, Inc. (NJ) from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $10.00.

BCB Bancorp, Inc. (NJ) Stock Down 0.1%

The company has a market capitalization of $156.56 million, a P/E ratio of -7.86 and a beta of 0.71. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.07 and a quick ratio of 1.06. The company has a 50 day moving average of $9.89 and a 200-day moving average of $9.54.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last released its quarterly earnings data on Monday, August 3rd. The bank reported ($0.85) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($1.10). BCB Bancorp, Inc. (NJ) had a negative return on equity of 6.29% and a negative net margin of 10.21%.The business had revenue of $22.88 million during the quarter, compared to analysts’ expectations of $25.55 million. As a group, equities analysts anticipate that BCB Bancorp, Inc. will post -0.48 EPS for the current year.

Insider Buying and Selling

In related news, Director Gerald Werdann purchased 4,400 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were acquired at an average price of $11.28 per share, for a total transaction of $49,632.00. Following the completion of the acquisition, the director directly owned 12,122 shares in the company, valued at approximately $136,736.16. The trade was a 56.98% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 11.50% of the stock is owned by insiders.

Institutional Investors Weigh In On BCB Bancorp, Inc. (NJ)

A number of large investors have recently modified their holdings of BCBP. California State Teachers Retirement System bought a new position in BCB Bancorp, Inc. (NJ) in the second quarter worth about $25,000. PNC Financial Services Group Inc. grew its holdings in shares of BCB Bancorp, Inc. (NJ) by 247.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,105 shares of the bank’s stock worth $37,000 after acquiring an additional 2,922 shares during the period. Russell Investments Group Ltd. raised its position in shares of BCB Bancorp, Inc. (NJ) by 174.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,200 shares of the bank’s stock worth $36,000 after acquiring an additional 2,669 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of BCB Bancorp, Inc. (NJ) by 76.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank’s stock worth $47,000 after acquiring an additional 2,352 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of BCB Bancorp, Inc. (NJ) by 31.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank’s stock valued at $54,000 after purchasing an additional 1,497 shares during the period. Institutional investors own 36.00% of the company’s stock.

BCB Bancorp, Inc. (NJ) Company Profile

BCB Bancorp, Inc is a bank holding company incorporated in New Jersey and traded on the NASDAQ under the symbol BCBP. Its primary subsidiary, Bergen Commercial Bank, operates as a full-service community bank focused on serving the financial needs of individuals and businesses in the New York metropolitan area. Headquartered in Clifton, New Jersey, the company has built its reputation on personalized banking relationships and local decision-making.

BCB Bancorp offers a comprehensive suite of deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit.