BCB Bancorp (NASDAQ:BCBP) Share Price Passes Below 200 Day Moving Average - Here's Why

BCB Bancorp, Inc. (NASDAQ:BCBP - Get Free Report)'s share price 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 boosted their target price on BCB Bancorp from $13.25 to $13.50 and gave the stock a "market perform" rating in a research report on Tuesday, October 22nd.

BCB Bancorp Stock Down 1.4 %

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 company has a market cap of $198.29 million, a PE ratio of 9.94 and a beta of 0.61. The company's fifty day moving average is $12.45 and its 200-day moving average is $12.12.

BCB Bancorp (NASDAQ:BCBP - Get Free Report) last released its quarterly earnings results on Friday, October 18th. The bank reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.04. The firm had revenue of $51.75 million for the quarter, compared to the consensus estimate of $25.29 million. BCB Bancorp had a return on equity of 7.31% and a net margin of 10.59%. On average, analysts predict that BCB Bancorp, Inc. will post 1.27 EPS for the current year.

Insiders Place Their Bets

In related news, COO Ryan Blake sold 8,677 shares of the firm's stock in a transaction 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 transaction, the chief operating officer now directly owns 39,362 shares of the company's stock, valued at approximately $514,067.72. This trade represents a 18.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 28.70% of the company's stock.

Institutional Investors Weigh In On BCB Bancorp

Institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its stake in shares of 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 acquiring an additional 7,631 shares during the period. Segall Bryant & Hamill LLC bought a new position in BCB Bancorp in the 3rd quarter worth approximately $1,450,000. Empowered Funds LLC boosted its stake in 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 purchasing an additional 3,618 shares during the period. JPMorgan Chase & Co. grew its holdings in BCB Bancorp by 345.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 59,707 shares of the bank's stock valued at $737,000 after buying an additional 46,302 shares in the last quarter. Finally, AQR Capital Management LLC bought a new stake in shares of BCB Bancorp during the second quarter valued at approximately $334,000. Hedge funds and other 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.