BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Stock Passes Above 50-Day Moving Average – Should You Sell?

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $8.10 and traded as high as $8.22. BCB Bancorp, Inc. (NJ) shares last traded at $8.17, with a volume of 100,672 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BCBP. Wall Street Zen upgraded BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a research note on Saturday, January 31st. Piper Sandler upped their price target on BCB Bancorp, Inc. (NJ) from $8.50 to $9.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $9.00.

BCB Bancorp, Inc. (NJ) Stock Down 0.7%

The company has a market capitalization of $140.77 million, a price-to-earnings ratio of -9.73 and a beta of 0.74. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.10. The firm has a 50 day moving average price of $8.10 and a two-hundred day moving average price of $8.22.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last released its quarterly earnings results on Friday, January 30th. The bank reported ($0.73) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.87). The business had revenue of $26.17 million during the quarter, compared to analyst estimates of $25.22 million. BCB Bancorp, Inc. (NJ) had a negative return on equity of 4.30% and a negative net margin of 6.90%. As a group, sell-side analysts expect that BCB Bancorp, Inc. will post 1.24 earnings per share for the current year.

BCB Bancorp, Inc. (NJ) Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 11th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Wednesday, February 11th. BCB Bancorp, Inc. (NJ)’s dividend payout ratio is presently -38.10%.

Insider Activity at BCB Bancorp, Inc. (NJ)

In other BCB Bancorp, Inc. (NJ) news, Director Mark D. Hogan bought 5,000 shares of BCB Bancorp, Inc. (NJ) stock in a transaction dated Friday, February 27th. The stock was bought at an average cost of $7.97 per share, for a total transaction of $39,850.00. Following the purchase, the director owned 103,352 shares in the company, valued at $823,715.44. This represents a 5.08% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 13.87% of the company’s stock.

Institutional Trading of BCB Bancorp, Inc. (NJ)

A number of hedge funds and other institutional investors have recently made changes to their positions in BCBP. Geode Capital Management LLC raised its holdings in BCB Bancorp, Inc. (NJ) by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 424,874 shares of the bank’s stock valued at $3,429,000 after acquiring an additional 13,161 shares in the last quarter. AQR Capital Management LLC grew its holdings in BCB Bancorp, Inc. (NJ) by 11.2% during the 4th quarter. AQR Capital Management LLC now owns 166,549 shares of the bank’s stock worth $1,344,000 after acquiring an additional 16,742 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in BCB Bancorp, Inc. (NJ) by 44.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 127,151 shares of the bank’s stock worth $1,026,000 after acquiring an additional 39,146 shares in the last quarter. Trexquant Investment LP increased its position in shares of BCB Bancorp, Inc. (NJ) by 63.3% in the 4th quarter. Trexquant Investment LP now owns 99,171 shares of the bank’s stock worth $800,000 after purchasing an additional 38,441 shares during the last quarter. Finally, Root Financial Partners LLC increased its position in shares of BCB Bancorp, Inc. (NJ) by 14.7% in the 4th quarter. Root Financial Partners LLC now owns 82,000 shares of the bank’s stock worth $662,000 after purchasing an additional 10,500 shares during the last quarter. Institutional investors own 36.00% of the company’s stock.

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.