BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Shares Pass Below Two Hundred Day Moving Average - Here's Why

Shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.48 and traded as low as $8.61. BCB Bancorp, Inc. (NJ) shares last traded at $8.75, with a volume of 56,797 shares.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods dropped their price objective on BCB Bancorp, Inc. (NJ) from $12.50 to $10.50 and set a "market perform" rating on the stock in a report on Thursday, April 24th.

BCB Bancorp, Inc. (NJ) Stock Up 0.8%

The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market capitalization of $153.41 million, a P/E ratio of 59.60 and a beta of 0.71. The stock has a fifty day moving average price of $8.34 and a two-hundred day moving average price of $9.45.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The bank reported ($0.51) earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.74). BCB Bancorp, Inc. (NJ) had a net margin of 2.31% and a return on equity of 1.50%. The firm had revenue of $23.80 million during the quarter, compared to the consensus estimate of $24.28 million. Research analysts forecast that BCB Bancorp, Inc. will post 1.24 EPS for the current year.

Insider Transactions at BCB Bancorp, Inc. (NJ)

In related news, Director Mark D. Hogan acquired 10,000 shares of BCB Bancorp, Inc. (NJ) stock in a transaction that occurred on Friday, June 13th. The stock was acquired at an average price of $7.74 per share, for a total transaction of $77,400.00. Following the transaction, the director directly owned 621,140 shares of the company's stock, valued at $4,807,623.60. This trade represents a 1.64% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders purchased 23,880 shares of company stock worth $188,201. Insiders own 13.87% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BCBP. Bank of New York Mellon Corp boosted its position in BCB Bancorp, Inc. (NJ) by 9.8% during the 4th quarter. Bank of New York Mellon Corp now owns 82,148 shares of the bank's stock valued at $973,000 after purchasing an additional 7,348 shares during the period. Charles Schwab Investment Management Inc. boosted its position in BCB Bancorp, Inc. (NJ) by 6.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 43,673 shares of the bank's stock worth $517,000 after acquiring an additional 2,631 shares during the period. JPMorgan Chase & Co. boosted its position in BCB Bancorp, Inc. (NJ) by 66.2% during the 4th quarter. JPMorgan Chase & Co. now owns 99,240 shares of the bank's stock worth $1,175,000 after acquiring an additional 39,533 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in BCB Bancorp, Inc. (NJ) by 64.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 23,792 shares of the bank's stock worth $282,000 after acquiring an additional 9,332 shares during the period. Finally, Geode Capital Management LLC boosted its position in BCB Bancorp, Inc. (NJ) by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 369,315 shares of the bank's stock worth $4,373,000 after acquiring an additional 1,912 shares during the period. Institutional investors and hedge funds own 36.00% of the company's stock.

BCB Bancorp, Inc. (NJ) Company Profile

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.