BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.56 and traded as low as $8.55. BCB Bancorp, Inc. (NJ) shares last traded at $8.61, with a volume of 181,720 shares traded.

Analyst Ratings Changes

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

BCB Bancorp, Inc. (NJ) Trading Down 1.3%

The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.07. The company has a market capitalization of $155.32 million, a PE ratio of -7.80 and a beta of 0.69. The stock has a fifty day moving average of $9.40 and a 200 day moving average of $9.56.

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

Institutional Trading of BCB Bancorp, Inc. (NJ)

A number of institutional investors and hedge funds have recently bought and sold shares of BCBP. Quantinno Capital Management LP boosted its holdings in shares of BCB Bancorp, Inc. (NJ) by 69.3% during the 1st quarter. Quantinno Capital Management LP now owns 141,904 shares of the bank’s stock valued at $1,274,000 after purchasing an additional 58,110 shares during the last quarter. Orion Porfolio Solutions LLC grew its position in shares of BCB Bancorp, Inc. (NJ) by 144.8% during the fourth quarter. Orion Porfolio Solutions LLC now owns 81,044 shares of the bank’s stock valued at $654,000 after purchasing an additional 47,943 shares in the last quarter. World Investment Advisors bought a new stake in shares of BCB Bancorp, Inc. (NJ) in the fourth quarter worth about $358,000. Goldman Sachs Group Inc. increased its holdings in shares of BCB Bancorp, Inc. (NJ) by 44.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 127,151 shares of the bank’s stock worth $1,026,000 after purchasing an additional 39,146 shares during the last quarter. Finally, Trexquant Investment LP lifted its position in shares of BCB Bancorp, Inc. (NJ) by 63.3% in the fourth quarter. Trexquant Investment LP now owns 99,171 shares of the bank’s stock worth $800,000 after buying an additional 38,441 shares in the last quarter. 36.00% of the stock is currently owned by institutional investors.

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.