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

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.51 and traded as low as $8.17. BCB Bancorp, Inc. (NJ) shares last traded at $8.38, with a volume of 119,387 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BCBP. Keefe, Bruyette & Woods lowered their target price on shares of BCB Bancorp, Inc. (NJ) from $10.50 to $9.50 and set a “market perform” rating on the stock in a research note on Tuesday, July 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of BCB Bancorp, Inc. (NJ) in a research report on Wednesday, October 8th. Piper Sandler upped their target price on shares of BCB Bancorp, Inc. (NJ) from $9.00 to $9.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Wall Street Zen upgraded shares of BCB Bancorp, Inc. (NJ) from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Zacks Research upgraded shares of BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. 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, BCB Bancorp, Inc. (NJ) has a consensus rating of “Reduce” and an average target price of $9.50.

BCB Bancorp, Inc. (NJ) Trading Up 2.1%

The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.30. The business’s 50 day moving average price is $8.56 and its 200-day moving average price is $8.51. The company has a market cap of $144.05 million, a price-to-earnings ratio of 44.11 and a beta of 0.77.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last issued its quarterly earnings data on Friday, October 31st. The bank reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. BCB Bancorp, Inc. (NJ) had a net margin of 2.72% and a return on equity of 1.76%. On average, equities analysts anticipate that BCB Bancorp, Inc. will post 1.24 EPS for the current fiscal year.

Hedge Funds Weigh In On BCB Bancorp, Inc. (NJ)

Several hedge funds and other institutional investors have recently made changes to their positions in BCBP. Bank of New York Mellon Corp raised its position in shares of BCB Bancorp, Inc. (NJ) by 3.5% in the 1st quarter. Bank of New York Mellon Corp now owns 85,052 shares of the bank’s stock valued at $839,000 after buying an additional 2,904 shares in the last quarter. Private Advisor Group LLC bought a new stake in BCB Bancorp, Inc. (NJ) during the 1st quarter worth approximately $122,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of BCB Bancorp, Inc. (NJ) in the 1st quarter valued at $262,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of BCB Bancorp, Inc. (NJ) by 6.9% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 71,277 shares of the bank’s stock valued at $703,000 after purchasing an additional 4,587 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of BCB Bancorp, Inc. (NJ) in the 1st quarter valued at $465,000. 36.00% of the stock is currently owned by institutional investors and hedge funds.

About BCB Bancorp, Inc. (NJ)

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.