BCB Bancorp (NASDAQ:BCBP) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

BCB Bancorp, Inc. (NASDAQ:BCBP) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.34 and traded as low as $7.89. BCB Bancorp shares last traded at $7.97, with a volume of 66,961 shares trading hands.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods decreased their price target on BCB Bancorp from $12.50 to $10.50 and set a “market perform” rating for the company in a research note on Thursday, April 24th.

BCB Bancorp Stock Performance

The company has a market cap of $136.79 million, a P/E ratio of 8.13 and a beta of 0.70. The firm has a 50 day moving average price of $8.63 and a 200-day moving average price of $10.34. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.23 and a current ratio of 1.23.

BCB Bancorp (NASDAQ:BCBP) last released its quarterly earnings results on Tuesday, April 22nd. The bank reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.74). The company had revenue of $23.80 million for the quarter, compared to the consensus estimate of $24.28 million. BCB Bancorp had a return on equity of 6.33% and a net margin of 9.46%. On average, research analysts predict that BCB Bancorp, Inc. will post 1.24 EPS for the current year.

BCB Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were paid a dividend of $0.16 per share. The ex-dividend date was Wednesday, May 7th. This represents a $0.64 annualized dividend and a dividend yield of 8.03%. BCB Bancorp’s dividend payout ratio (DPR) is presently 426.67%.

Insider Transactions at BCB Bancorp

In other BCB Bancorp news, Director Mark D. Hogan acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average price of $8.04 per share, with a total value of $80,400.00. Following the transaction, the director now owns 98,352 shares of the company’s stock, valued at approximately $790,750.08. This trade represents a 11.32% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 15.86% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BCB Bancorp

Several large investors have recently made changes to their positions in BCBP. Voya Investment Management LLC lifted its position in shares of BCB Bancorp by 35.8% during the 4th quarter. Voya Investment Management LLC now owns 321,096 shares of the bank’s stock worth $3,802,000 after purchasing an additional 84,617 shares during the last quarter. Strs Ohio acquired a new position in shares of BCB Bancorp during the 1st quarter worth about $477,000. Nuveen LLC acquired a new position in shares of BCB Bancorp during the 1st quarter worth about $465,000. JPMorgan Chase & Co. lifted its position in shares of BCB Bancorp by 66.2% during the 4th quarter. JPMorgan Chase & Co. now owns 99,240 shares of the bank’s stock worth $1,175,000 after purchasing an additional 39,533 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of BCB Bancorp by 131.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,690 shares of the bank’s stock worth $790,000 after purchasing an additional 37,820 shares during the last quarter. Institutional investors and hedge funds own 36.00% of the company’s stock.

About BCB Bancorp

BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank that engages in the provision of banking products and services to businesses and individuals in the United States. The company offers insured deposit products, including savings and club accounts, interest and non-interest-bearing demand accounts, money market accounts, certificates of deposit, and individual retirement accounts.