Today’s Market Runner: Can BCB Bancorp, Inc.’s Tomorrow be Different? The Stock Just Broke Its High

Today's Market Runner: Can BCB Bancorp, Inc.'s Tomorrow be Different? The Stock Just Broke Its High

The stock of BCB Bancorp, Inc. (NASDAQ:BCBP) hit a new 52-week high and has $20.79 target or 69.00% above today’s $12.30 share price. The 7 months bullish chart indicates low risk for the $139.74M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $20.79 price target is reached, the company will be worth $96.42M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock last traded at $12.3 per share. It is up 20.69% since April 19, 2016 and is uptrending. It has outperformed by 16.83% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 1.5 in Q2 2016. Its down 0.90, from 2.4 in 2016Q1. The ratio is negative, as 3 funds sold all BCB Bancorp, Inc. shares owned while 2 reduced positions. 4 funds bought stakes while 8 increased positions. They now own 1.56 million shares or 4.33% more from 1.50 million shares in 2016Q1.
Tower Research Ltd Liability (Trc) has 880 shares for 0% of their US portfolio. Denali Advsrs Ltd Limited Liability Company last reported 0% of its portfolio in the stock. Morgan Stanley last reported 17,361 shares in the company. Bridgeway Cap Management Inc holds 0.01% of its portfolio in BCB Bancorp, Inc. (NASDAQ:BCBP) for 78,712 shares. Moreover, Dimensional Fund Advsr Ltd Partnership has 0% invested in BCB Bancorp, Inc. (NASDAQ:BCBP) for 227,499 shares. Pl Capital Ltd Limited Liability Company accumulated 193,616 shares or 0.68% of the stock. Clark Estates New York holds 0.02% or 10,000 shares in its portfolio. Geode Mngmt Limited Liability Corp last reported 0% of its portfolio in the stock. Blackrock Investment Ltd has 0% invested in the company for 1,652 shares. Moreover, Seidman Lawrence B has 0.49% invested in BCB Bancorp, Inc. (NASDAQ:BCBP) for 69,709 shares. The New York-based Savings Bank Of Ny Mellon has invested 0% in BCB Bancorp, Inc. (NASDAQ:BCBP). Ladenburg Thalmann Service accumulated 4,500 shares or 0% of the stock. The New York-based Renaissance Technology Ltd Liability Company has invested 0% in BCB Bancorp, Inc. (NASDAQ:BCBP). Banc Funds Limited Liability Company accumulated 0.18% or 300,000 shares. Wells Fargo And Mn has invested 0% of its portfolio in BCB Bancorp, Inc. (NASDAQ:BCBP).

Insider Transactions: Since June 2, 2016, the stock had 19 buys, and 0 insider sales for $262,863 net activity. COUGHLIN THOMAS MICHAEL also bought $11,430 worth of BCB Bancorp, Inc. (NASDAQ:BCBP) shares. On Friday, July 29 Rizzo James G. bought $10,599 worth of the stock or 1,000 shares. 5,000 shares with value of $53,000 were bought by Brogan John J. on Friday, July 29. LYGA JOSEPH had bought 1,500 shares worth $15,780. BALLANCE ROBERT had bought 500 shares worth $5,560. BROGAN JOSEPH J also bought $26,500 worth of BCB Bancorp, Inc. (NASDAQ:BCBP) on Friday, July 29. COLLINS JAMES EDWARD bought $2,112 worth of BCB Bancorp, Inc. (NASDAQ:BCBP) on Monday, June 13.

More news for BCB Bancorp, Inc. (NASDAQ:BCBP) were recently published by: Globenewswire.com, which released: “BCB Bancorp, Inc., Announces Quarterly Earnings and Cash Dividend” on October 21, 2016. Nasdaq.com‘s article titled: “BCB Bancorp, Inc. (NJ) (BCBP) Ex-Dividend Date Scheduled for October 28, 2016” and published on January 27, 2016 is yet another important article.

BCB Bancorp, Inc. is the holding company parent of BCB Community Bank . The company has a market cap of $139.74 million. The Bank is a community-oriented financial institution. It has a 24.38 P/E ratio. The Company’s business is to offer Federal Deposit Insurance Corporation (FDIC)-insured deposit products and to invest funds held in deposit accounts at the Bank, together with funds generated from operations, in loans and investment securities.

BCBP Company Profile

BCB Bancorp, Inc. is the holding firm parent of BCB Community Bank (the Bank). The Bank is a community-oriented financial institution. The Bank’s business is to offer Federal Deposit Insurance Corporation (FDIC)-insured deposit products and to invest funds held in deposit accounts at the Bank, together with funds generated from operations, in loans and investment securities. The Bank offers loans, including commercial and multi-family real estate loans, one- to four-family mortgage loans, home equity loans, construction loans, consumer loans and commercial business loans; FDIC-insured deposit products, such as savings and club accounts, interest and non-interest bearing demand accounts, money market accounts, certificates of deposit and individual retirement accounts, and retail and commercial banking services, including wire transfers, money orders, safe deposit boxes, a night depository, debit cards, online banking, mobile banking, gift cards, fraud detection (positive pay) and automated teller services. It operates through approximately 10 branches in Bayonne, Colonia, Jersey City, Hoboken, Fairfield, Monroe Township, South Orange, Rutherford and Woodbridge, New Jersey, and one branch in Staten Island, New York.

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