BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.55 and traded as low as $8.41. BCB Bancorp, Inc. (NJ) shares last traded at $8.47, with a volume of 206,626 shares traded.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on BCBP. Weiss Ratings cut shares of BCB Bancorp, Inc. (NJ) from a "hold (c-)" rating to a "sell (d)" rating in a report on Tuesday, August 11th. Wall Street Zen lowered shares of BCB Bancorp, Inc. (NJ) from a "hold" rating to a "sell" rating in a report on Monday, August 17th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $10.00.
View Our Latest Report on BCBP
BCB Bancorp, Inc. (NJ) Price Performance
The stock has a fifty day moving average of $9.66 and a 200 day moving average of $9.55. The stock has a market cap of $153.32 million, a price-to-earnings ratio of -7.70 and a beta of 0.71. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.07 and a quick ratio of 1.06.
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last issued its quarterly 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). BCB Bancorp, Inc. (NJ) had a negative return on equity of 6.29% and a negative net margin of 10.21%.The business had revenue of $22.88 million during the quarter, compared to analyst estimates of $25.55 million. On average, analysts expect that BCB Bancorp, Inc. will post -0.48 EPS for the current fiscal year.
Insider Buying and Selling at BCB Bancorp, Inc. (NJ)
In other BCB Bancorp, Inc. (NJ) news, Director Gerald Werdann bought 4,400 shares of BCB Bancorp, Inc. (NJ) stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average price of $11.28 per share, with a total value of $49,632.00. Following the completion of the acquisition, the director directly owned 12,122 shares in the company, valued at approximately $136,736.16. This trade represents a 56.98% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 11.50% of the stock is owned by insiders.
Institutional Investors Weigh In On BCB Bancorp, Inc. (NJ)
Several hedge funds have recently added to or reduced their stakes in the business. Quantinno Capital Management LP lifted its holdings in shares of BCB Bancorp, Inc. (NJ) by 69.3% in the 1st quarter. Quantinno Capital Management LP now owns 141,904 shares of the bank's stock valued at $1,274,000 after buying an additional 58,110 shares during the period. California State Teachers Retirement System acquired a new stake in BCB Bancorp, Inc. (NJ) during the second quarter worth about $25,000. Bank of America Corp DE grew its holdings in BCB Bancorp, Inc. (NJ) by 80.1% during the first quarter. Bank of America Corp DE now owns 45,656 shares of the bank's stock worth $410,000 after acquiring an additional 20,300 shares during the period. Empowered Funds LLC raised its position in BCB Bancorp, Inc. (NJ) by 67.6% during the first quarter. Empowered Funds LLC now owns 79,006 shares of the bank's stock valued at $709,000 after acquiring an additional 31,880 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in BCB Bancorp, Inc. (NJ) by 247.0% during the first quarter. PNC Financial Services Group Inc. now owns 4,105 shares of the bank's stock valued at $37,000 after acquiring an additional 2,922 shares in the last quarter. 36.00% of the stock is owned by hedge funds and other institutional investors.
About BCB Bancorp, Inc. (NJ)
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider BCB Bancorp, Inc. (NJ), 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, Inc. (NJ) wasn't on the list.
While BCB Bancorp, Inc. (NJ) currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
