BCB Bancorp (NASDAQ:BCBP) Stock Passes Below Two Hundred Day Moving Average of $11.04

Shares of BCB Bancorp, Inc. (NASDAQ:BCBP) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.04 and traded as low as $9.60. BCB Bancorp shares last traded at $10.04, with a volume of 35,691 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BCBP shares. TheStreet downgraded shares of BCB Bancorp from a “b-” rating to a “c+” rating in a research report on Tuesday, February 20th. Keefe, Bruyette & Woods dropped their price target on shares of BCB Bancorp from $14.00 to $12.00 and set a “market perform” rating for the company in a research report on Tuesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, BCB Bancorp currently has a consensus rating of “Hold” and a consensus price target of $12.75.

BCB Bancorp Trading Up 4.6 %

The company has a debt-to-equity ratio of 1.75, a current ratio of 1.20 and a quick ratio of 1.20. The business’s 50-day moving average price is $9.98 and its two-hundred day moving average price is $11.04. The company has a market capitalization of $170.28 million, a price-to-earnings ratio of 6.44 and a beta of 0.61.

BCB Bancorp (NASDAQ:BCBP) last announced its quarterly earnings data on Thursday, April 25th. The bank reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). The firm had revenue of $51.39 million during the quarter, compared to the consensus estimate of $26.87 million. BCB Bancorp had a net margin of 13.41% and a return on equity of 9.71%. Research analysts predict that BCB Bancorp, Inc. will post 1.25 earnings per share for the current year.

BCB Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 3rd were paid a $0.16 dividend. The ex-dividend date was Thursday, May 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 6.37%. BCB Bancorp’s dividend payout ratio (DPR) is 41.03%.

Insider Activity at BCB Bancorp

In other news, Director Mark D. Hogan acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were acquired at an average cost of $9.90 per share, with a total value of $49,500.00. Following the completion of the purchase, the director now directly owns 83,352 shares of the company’s stock, valued at approximately $825,184.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Mark D. Hogan bought 5,000 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were purchased at an average price of $9.90 per share, with a total value of $49,500.00. Following the completion of the purchase, the director now owns 83,352 shares in the company, valued at approximately $825,184.80. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Tara L. French bought 2,500 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were bought at an average cost of $10.70 per share, for a total transaction of $26,750.00. Following the purchase, the director now owns 2,500 shares of the company’s stock, valued at approximately $26,750. The disclosure for this purchase can be found here. Insiders have bought 16,422 shares of company stock valued at $163,776 over the last three months. 28.70% of the stock is owned by insiders.

Institutional Trading of BCB Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. New York State Common Retirement Fund grew its stake in shares of BCB Bancorp by 91.1% during the fourth quarter. New York State Common Retirement Fund now owns 2,727 shares of the bank’s stock worth $35,000 after buying an additional 1,300 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of BCB Bancorp by 92.5% during the first quarter. BNP Paribas Financial Markets now owns 7,201 shares of the bank’s stock worth $75,000 after buying an additional 3,460 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of BCB Bancorp during the fourth quarter worth $106,000. RMR Wealth Builders acquired a new position in shares of BCB Bancorp during the fourth quarter worth $164,000. Finally, Quadrature Capital Ltd acquired a new position in shares of BCB Bancorp during the fourth quarter worth $178,000. Institutional investors 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.