BCB Bancorp (NASDAQ:BCBP) Stock Passes Below Two Hundred Day Moving Average - Here's Why

BCB Bancorp, Inc. (NASDAQ:BCBP - Get Free Report)'s stock price 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 changing hands.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted their price objective on BCB Bancorp from $13.25 to $13.50 and gave the stock a "market perform" rating in a research note on Tuesday, October 22nd.

BCB Bancorp Price Performance

The company has a market capitalization of $198.29 million, a PE ratio of 9.94 and a beta of 0.61. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.79. The firm's 50 day simple moving average is $12.45 and its 200 day simple moving average is $12.12.

BCB Bancorp (NASDAQ:BCBP - Get Free Report) last issued its quarterly 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 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%. As a group, research analysts anticipate 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 firm's stock in a transaction dated Tuesday, December 3rd. The shares were 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 of the company's stock, valued at $514,067.72. This trade represents a 18.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 28.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BCB Bancorp

A number of hedge funds have recently added to or reduced their stakes in BCBP. AQR Capital Management LLC purchased a new stake in shares of BCB Bancorp in the second quarter valued at approximately $334,000. CWM LLC raised its position in BCB Bancorp by 105.3% during the 3rd quarter. CWM LLC now owns 5,116 shares of the bank's stock valued at $63,000 after purchasing an additional 2,624 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of BCB Bancorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 73,121 shares of the bank's stock worth $902,000 after buying an additional 3,618 shares during the period. Segall Bryant & Hamill LLC purchased a new position in shares of BCB Bancorp during the third quarter valued at $1,450,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in BCB Bancorp in the third quarter worth about $356,000. 36.00% of the stock is currently owned by 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.