BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Stock Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• BCB Bancorp shares fell below their 200-day moving average, trading as low as $8.65 versus the $9.54 average, before closing at $8.68.
• Analyst sentiment is negative: recent firms downgraded the stock to “sell,” while the consensus rating is “Reduce” with a $10.00 average price target.
• The bank reported a significant quarterly loss of $0.85 per share, missing the $0.25 estimate, alongside lower-than-expected revenue and negative net margin and return on equity.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.54 and traded as low as $8.65. BCB Bancorp, Inc. (NJ) shares last traded at $8.68, with a volume of 115,135 shares trading hands.

Wall Street Analysts Forecast Growth

BCBP has been the subject of several recent analyst reports. Wall Street Zen cut BCB Bancorp, Inc. (NJ) from a "hold" rating to a "sell" rating in a research note on Monday, August 17th. Weiss Ratings lowered shares of BCB Bancorp, Inc. (NJ) from a "hold (c-)" rating to a "sell (d)" rating in a research note on Tuesday, August 11th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, BCB Bancorp, Inc. (NJ) has a consensus rating of "Reduce" and an average target price of $10.00.

BCB Bancorp, Inc. (NJ) Stock Down 0.9%

The company has a debt-to-equity ratio of 0.63, a current ratio of 1.07 and a quick ratio of 1.06. The firm's 50 day moving average price is $9.94 and its two-hundred day moving average price is $9.54. The firm has a market cap of $157.11 million, a price-to-earnings ratio of -7.89 and a beta of 0.71.

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

Insider Buying and Selling

In other BCB Bancorp, Inc. (NJ) news, Director Gerald Werdann bought 4,400 shares of the business's stock in a transaction on Thursday, June 4th. The stock was bought at an average price of $11.28 per share, for a total transaction of $49,632.00. Following the completion of the transaction, the director owned 12,122 shares in the company, valued at approximately $136,736.16. The trade was a 56.98% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 11.50% of the company's stock.

Institutional Investors Weigh In On BCB Bancorp, Inc. (NJ)

Hedge funds have recently modified their holdings of the company. California State Teachers Retirement System purchased a new stake in BCB Bancorp, Inc. (NJ) in the 2nd quarter valued at about $25,000. Russell Investments Group Ltd. lifted its holdings in shares of BCB Bancorp, Inc. (NJ) by 174.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,200 shares of the bank's stock worth $36,000 after acquiring an additional 2,669 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of BCB Bancorp, Inc. (NJ) by 247.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,105 shares of the bank's stock worth $37,000 after acquiring an additional 2,922 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of BCB Bancorp, Inc. (NJ) by 76.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank's stock worth $47,000 after acquiring an additional 2,352 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of BCB Bancorp, Inc. (NJ) by 31.8% in the third quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank's stock worth $54,000 after acquiring an additional 1,497 shares during the last quarter. 36.00% of the stock is owned by institutional investors and hedge funds.

About BCB Bancorp, Inc. (NJ)

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.

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.

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