BCB Bancorp (NASDAQ:BCBP) Stock Price Passes Below 200-Day Moving Average of $10.95

BCB Bancorp, Inc. (NASDAQ:BCBP) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.95 and traded as low as $9.87. BCB Bancorp shares last traded at $9.91, with a volume of 23,112 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods decreased their price objective on shares of BCB Bancorp from $14.00 to $12.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $12.75.

BCB Bancorp Stock Performance

The business has a fifty day moving average of $10.00 and a 200 day moving average of $10.95. The company has a market cap of $168.07 million, a P/E ratio of 6.35 and a beta of 0.61. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.75.

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

BCB Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 3rd were issued a dividend of $0.16 per share. The ex-dividend date was Thursday, May 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.46%. BCB Bancorp’s dividend payout ratio (DPR) is 41.03%.

Insider Transactions at BCB Bancorp

In other news, Director Mark D. Hogan purchased 5,000 shares of BCB Bancorp stock in a transaction that occurred on Wednesday, May 29th. The shares were bought 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 in the company, valued at $825,184.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other BCB Bancorp news, Director Mark D. Hogan purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was bought at an average cost of $9.90 per share, with a total value of $49,500.00. Following the transaction, the director now directly owns 83,352 shares in the company, valued at approximately $825,184.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tara L. French acquired 2,500 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was acquired at an average price of $10.70 per share, for a total transaction of $26,750.00. Following the acquisition, 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. In the last quarter, insiders bought 16,422 shares of company stock valued at $163,776. Corporate insiders own 28.70% of the company’s stock.

Institutional Investors Weigh In On BCB Bancorp

Several hedge funds have recently added to or reduced their stakes in BCBP. New York State Common Retirement Fund raised its position in shares of BCB Bancorp by 91.1% in the 4th quarter. New York State Common Retirement Fund now owns 2,727 shares of the bank’s stock worth $35,000 after purchasing an additional 1,300 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in BCB Bancorp by 92.5% in 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. Quadrature Capital Ltd lifted its stake in shares of BCB Bancorp by 25.1% in the first quarter. Quadrature Capital Ltd now owns 17,348 shares of the bank’s stock worth $181,000 after buying an additional 3,483 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of BCB Bancorp by 8.1% during the first quarter. Empowered Funds LLC now owns 64,643 shares of the bank’s stock valued at $676,000 after buying an additional 4,867 shares during the last quarter. Finally, Strs Ohio increased its position in shares of BCB Bancorp by 13.0% during the fourth quarter. Strs Ohio now owns 43,600 shares of the bank’s stock valued at $560,000 after acquiring an additional 5,000 shares in the last quarter. 36.00% of the stock is owned by institutional investors.

BCB Bancorp Company Profile

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.