BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.
Wall Street Analyst Weigh In
BCBP has been the topic of several research reports. Weiss Ratings lowered 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 downgraded 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $10.00.
Read Our Latest Stock Analysis on BCB Bancorp, Inc. (NJ)
BCB Bancorp, Inc. (NJ) Trading Up 0.5%
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP – Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $25.55 million. As a group, sell-side analysts anticipate that BCB Bancorp, Inc. will post -0.48 EPS for the current fiscal year.
Institutional Investors Weigh In On BCB Bancorp, Inc. (NJ)
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Quantinno Capital Management LP boosted its stake in BCB Bancorp, Inc. (NJ) by 69.3% during the 1st quarter. Quantinno Capital Management LP now owns 141,904 shares of the bank’s stock valued at $1,274,000 after purchasing an additional 58,110 shares during the last quarter. Orion Porfolio Solutions LLC raised its stake in shares of BCB Bancorp, Inc. (NJ) by 144.8% in the fourth quarter. Orion Porfolio Solutions LLC now owns 81,044 shares of the bank’s stock worth $654,000 after purchasing an additional 47,943 shares during the last quarter. World Investment Advisors bought a new position in shares of BCB Bancorp, Inc. (NJ) in the fourth quarter valued at approximately $358,000. Goldman Sachs Group Inc. lifted its holdings in shares of BCB Bancorp, Inc. (NJ) by 44.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 127,151 shares of the bank’s stock valued at $1,026,000 after purchasing an additional 39,146 shares in the last quarter. Finally, Trexquant Investment LP boosted its position in shares of BCB Bancorp, Inc. (NJ) by 63.3% during the fourth quarter. Trexquant Investment LP now owns 99,171 shares of the bank’s stock valued at $800,000 after buying an additional 38,441 shares during the last quarter. Institutional investors and hedge funds 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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