BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Shares Pass Below 50-Day Moving Average – Here’s Why

Shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $10.46 and traded as low as $10.17. BCB Bancorp, Inc. (NJ) shares last traded at $10.17, with a volume of 154,333 shares traded.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Zacks Research lowered shares of BCB Bancorp, Inc. (NJ) from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Weiss Ratings raised shares of BCB Bancorp, Inc. (NJ) from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, June 17th. Piper Sandler increased their price objective on shares of BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, April 22nd. Finally, Wall Street Zen raised shares of BCB Bancorp, Inc. (NJ) from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $10.00.

BCB Bancorp, Inc. (NJ) Price Performance

The firm has a fifty day simple moving average of $10.46 and a 200 day simple moving average of $9.15. The company has a market capitalization of $176.55 million, a PE ratio of -145.26 and a beta of 0.72. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.11 and a current ratio of 1.11.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last posted its earnings results on Wednesday, April 22nd. The bank reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $24.94 million for the quarter, compared to the consensus estimate of $25.78 million. BCB Bancorp, Inc. (NJ) had a net margin of 0.39% and a return on equity of 0.24%. Equities analysts anticipate that BCB Bancorp, Inc. will post 1.1 EPS for the current year.

BCB Bancorp, Inc. (NJ) Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 6th were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, May 6th. This represents a $0.32 annualized dividend and a dividend yield of 3.1%. BCB Bancorp, Inc. (NJ)’s dividend payout ratio is -457.14%.

Insider Transactions at BCB Bancorp, Inc. (NJ)

In related news, Director Gerald Werdann purchased 4,400 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was acquired at an average price of $11.28 per share, with a total value of $49,632.00. Following the completion of the acquisition, the director owned 12,122 shares in the company, valued at approximately $136,736.16. This represents a 56.98% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 11.50% of the company’s stock.

Hedge Funds Weigh In On BCB Bancorp, Inc. (NJ)

Institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its position in BCB Bancorp, Inc. (NJ) by 31.8% during the third quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank’s stock worth $54,000 after purchasing an additional 1,497 shares in the last quarter. Barclays PLC raised its stake in shares of BCB Bancorp, Inc. (NJ) by 2.0% during the 4th quarter. Barclays PLC now owns 81,340 shares of the bank’s stock worth $656,000 after buying an additional 1,565 shares during the period. Strs Ohio lifted its position in shares of BCB Bancorp, Inc. (NJ) by 2.9% during the 4th quarter. Strs Ohio now owns 64,400 shares of the bank’s stock valued at $520,000 after buying an additional 1,800 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of BCB Bancorp, Inc. (NJ) by 21.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,492 shares of the bank’s stock valued at $101,000 after buying an additional 2,233 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in BCB Bancorp, Inc. (NJ) by 76.8% in 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 in the last quarter. 36.00% of the stock is owned by hedge funds and other institutional investors.

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.