BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Share Price Crosses Below 200 Day Moving Average - Time to Sell?

Key Points

• BCB Bancorp shares fell below their 200-day moving average, trading as low as $8.55 versus the $9.56 average, and last changed hands at $8.61.
• Analyst sentiment is weak: recent ratings cuts to “sell” contributed to a consensus “Reduce” rating, although the consensus price target remains $10.00.
• The bank reported a significant quarterly loss of $0.85 per share, missing the $0.25 estimate, while revenue also fell short and profitability metrics remained negative.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Wall Street Analyst Weigh In

BCBP has been the subject of a number of recent research reports. Weiss Ratings downgraded 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 cut shares of BCB Bancorp, Inc. (NJ) from a "hold" rating to a "sell" rating in a research note on Monday, August 17th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $10.00.

BCB Bancorp, Inc. (NJ) Stock Down 1.0%

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's 50-day moving average price is $9.43 and its 200 day moving average price is $9.56. The stock has a market capitalization of $155.84 million, a P/E ratio of -7.83 and a beta of 0.69.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last issued its earnings results on Monday, August 3rd. The bank reported ($0.85) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($1.10). The firm had revenue of $22.88 million during the quarter, compared to the consensus estimate of $25.55 million. BCB Bancorp, Inc. (NJ) had a negative return on equity of 6.29% and a negative net margin of 10.21%. As a group, equities analysts expect that BCB Bancorp, Inc. will post -0.48 earnings per share for the current year.

Institutional Trading of BCB Bancorp, Inc. (NJ)

Several institutional investors have recently made changes to their positions in BCBP. Geode Capital Management LLC raised its stake in BCB Bancorp, Inc. (NJ) by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 424,874 shares of the bank's stock valued at $3,429,000 after purchasing an additional 13,161 shares during the period. Renaissance Technologies LLC raised its position in shares of BCB Bancorp, Inc. (NJ) by 5.5% during the first quarter. Renaissance Technologies LLC now owns 345,194 shares of the bank's stock valued at $3,100,000 after buying an additional 18,000 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of BCB Bancorp, Inc. (NJ) by 11.2% in the fourth quarter. AQR Capital Management LLC now owns 166,549 shares of the bank's stock worth $1,344,000 after buying an additional 16,742 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of BCB Bancorp, Inc. (NJ) by 69.3% in the first quarter. Quantinno Capital Management LP now owns 141,904 shares of the bank's stock worth $1,274,000 after buying an additional 58,110 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of BCB Bancorp, Inc. (NJ) by 44.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 127,151 shares of the bank's stock worth $1,026,000 after acquiring an additional 39,146 shares during the last quarter. Hedge funds and other institutional investors own 36.00% of the company's stock.

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.

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