BCB Bancorp, Inc. (NASDAQ:BCBP - Get Free Report) 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 trading hands.
Separately, Keefe, Bruyette & Woods upped their target price on BCB Bancorp from $13.25 to $13.50 and gave the company a "market perform" rating in a report on Tuesday, October 22nd.
Check Out Our Latest Stock Report on BCBP
The company has a market capitalization of $201.00 million, a P/E ratio of 10.08 and a beta of 0.61. The company has a fifty day moving average price of $12.48 and a 200 day moving average price of $12.12. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.23 and a quick ratio of 1.23.
BCB Bancorp (NASDAQ:BCBP - Get Free Report) last posted its 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 during the quarter, compared to analyst estimates of $25.29 million. BCB Bancorp had a return on equity of 7.31% and a net margin of 10.59%. On average, sell-side analysts forecast that BCB Bancorp, Inc. will post 1.27 EPS for the current fiscal year.
In related news, COO Ryan Blake sold 8,677 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 39,362 shares of the company's stock, valued at $514,067.72. This represents a 18.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 15.86% of the company's stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in BCB Bancorp by 345.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,707 shares of the bank's stock worth $737,000 after buying an additional 46,302 shares in the last quarter. Barclays PLC lifted its position in BCB Bancorp by 235.3% in the third quarter. Barclays PLC now owns 22,375 shares of the bank's stock worth $277,000 after purchasing an additional 15,702 shares during the period. Geode Capital Management LLC lifted its position in 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 purchasing an additional 7,631 shares during the period. Jane Street Group LLC lifted its position in BCB Bancorp by 5.1% in the third quarter. Jane Street Group LLC now owns 15,669 shares of the bank's stock worth $193,000 after purchasing an additional 767 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in BCB Bancorp in the third quarter worth approximately $356,000. 36.00% of the stock is owned by institutional investors.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider BCB Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BCB Bancorp wasn't on the list.
While BCB Bancorp currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.