Could BCB Bancorp, Inc. (BCBP) Go Up? The Stock Formed Wedge Up Pattern

Investors sentiment increased to 1.93 in 2018 Q4. Its up 0.98, from 0.95 in 2018Q3. It increased, as 1 investors sold BCB Bancorp, Inc. shares while 14 reduced holdings. 8 funds opened positions while 21 raised stakes. 4.75 million shares or 1.88% less from 4.84 million shares in 2018Q3 were reported.
Hartford Inv Mgmt Communication reported 13,558 shares stake. Marshall Wace Ltd Liability Partnership holds 6,513 shares or 0% of its portfolio. State Street Corp has 0% invested in BCB Bancorp, Inc. (NASDAQ:BCBP). Charles Schwab Inv Mngmt Inc reported 49,321 shares stake. Private Advisor Grp Inc Lc stated it has 0% of its portfolio in BCB Bancorp, Inc. (NASDAQ:BCBP). Parametric Port Assocs Llc owns 10,245 shares. Signaturefd Limited Liability Com accumulated 0% or 800 shares. Natl Bank Of Montreal Can has 0% invested in BCB Bancorp, Inc. (NASDAQ:BCBP) for 190 shares. Tiaa Cref Inv Ltd invested in 24,723 shares or 0% of the stock. California State Teachers Retirement Sys invested in 20,737 shares or 0% of the stock. Geode Capital Ltd Liability Corp accumulated 0% or 129,287 shares. Moreover, State Common Retirement Fund has 0% invested in BCB Bancorp, Inc. (NASDAQ:BCBP). Vanguard holds 0% or 562,853 shares in its portfolio. Moreover, Van Hulzen Asset Mngmt Ltd Liability has 0.06% invested in BCB Bancorp, Inc. (NASDAQ:BCBP). Pl Capital Advisors Limited Liability reported 152,216 shares.

Since November 26, 2018, it had 11 insider purchases, and 0 sales for $3.64 million activity. PELLEGRINI AUGUST JR had bought 3,955 shares worth $49,991 on Monday, February 25. Keating Thomas had bought 700 shares worth $9,205 on Tuesday, March 19. 5,000 shares were bought by COUGHLIN THOMAS MICHAEL, worth $63,200 on Monday, February 25. Another trade for 700 shares valued at $8,301 was bought by Rizzo James G.. The insider DiDomenico Vincent Jr bought $1.26 million. HOGAN MARK D bought 100,000 shares worth $1.26 million.

The stock of BCB Bancorp, Inc. (BCBP) formed an up wedge with $13.57 target or 3.00 % above today’s $13.17 share price. The 6 months wedge indicates low risk for the $215.97 million company. If the $13.57 price target is reached, the company will be worth $6.48 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.69% or $0.09 during the last trading session, reaching $13.17. About 8,621 shares traded. BCB Bancorp, Inc. (NASDAQ:BCBP) has declined 14.95% since May 8, 2018 and is downtrending. It has underperformed by 19.32% the S&P500.

Analysts await BCB Bancorp, Inc. (NASDAQ:BCBP) to report earnings on July, 29. They expect $0.28 EPS, up 27.27 % or $0.06 from last year’s $0.22 per share. BCBP’s profit will be $4.59M for 11.76 P/E if the $0.28 EPS becomes a reality. After $0.32 actual EPS reported by BCB Bancorp, Inc. for the previous quarter, Wall Street now forecasts -12.50 % negative EPS growth.

More notable recent BCB Bancorp, Inc. (NASDAQ:BCBP) news were published by: Globenewswire.com which released: “BCB Bancorp, Inc. Completes Private Placement of $33.5 Million of Subordinated Notes – GlobeNewswire” on July 30, 2018, also Nasdaq.com with their article: “BCB Bancorp (BCBP) Q1 Earnings Preview: What’s in the Cards? – Nasdaq” published on April 15, 2019, Nasdaq.com published: “BCB Bancorp, Inc. Reports Earnings of $5.5 Million in First Quarter 2019; An Increase of 18 Percent Over the First Quarter of 2018 – Nasdaq” on April 18, 2019. More interesting news about BCB Bancorp, Inc. (NASDAQ:BCBP) were released by: Globenewswire.com and their article: “BCB Bancorp, Inc. Declares Cash Dividend of $0.14 Per Share – GlobeNewswire” published on April 12, 2019 as well as Globenewswire.com‘s news article titled: “BCB Bancorp, Inc. Announces Completion of $6.3 Million Private Placement of Common Shares – GlobeNewswire” with publication date: February 26, 2019.

BCB Bancorp, Inc. operates as the holding firm for BCB Community Bank, a state chartered commercial bank that provides banking services and products to businesses and individuals in the United States. The company has market cap of $215.97 million. The firm offers deposit products, including savings and club accounts, demand and NOW accounts, interest and non-interest bearing demand accounts, money market accounts, certificates of deposit, individual retirement accounts, and term certificate accounts. It has a 12.65 P/E ratio. It also provides loans, such as commercial and multi-family real estate loans, one-to four-family mortgage loans, home equity loans and home equity lines of credit, construction loans, consumer loans, commercial business loans, and small business administration lending services.

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