BCB Bancorp (NASDAQ:BCBP) Shares Cross Below 200 Day Moving Average – What’s Next?

BCB Bancorp, Inc. (NASDAQ:BCBP) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.03 and traded as low as $11.44. BCB Bancorp shares last traded at $11.50, with a volume of 46,489 shares.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods increased their price target on BCB Bancorp from $13.25 to $13.50 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd.

BCB Bancorp Trading Down 2.9 %

The firm has a 50 day moving average price of $12.60 and a two-hundred day moving average price of $12.03. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.79. The company has a market cap of $196.05 million, a price-to-earnings ratio of 9.83 and a beta of 0.59.

BCB Bancorp (NASDAQ:BCBP) last released its quarterly earnings results on Friday, October 18th. The bank reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.04. The firm had revenue of $51.75 million during the quarter, compared to analyst estimates of $25.29 million. BCB Bancorp had a net margin of 10.59% and a return on equity of 7.31%. As a group, equities analysts forecast that BCB Bancorp, Inc. will post 1.27 earnings per share for the current year.

BCB Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.64 annualized dividend and a dividend yield of 5.57%. BCB Bancorp’s payout ratio is 54.70%.

Insiders Place Their Bets

In other BCB Bancorp news, COO Ryan Blake sold 8,677 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $13.06, for a total value of $113,321.62. Following the completion of the sale, the chief operating officer now directly owns 39,362 shares in the company, valued at approximately $514,067.72. This trade represents a 18.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 28.70% of the stock is currently owned by corporate insiders.

Institutional Trading of BCB Bancorp

Several large investors have recently made changes to their positions in BCBP. Jane Street Group LLC raised its holdings in BCB Bancorp by 5.1% during the third quarter. Jane Street Group LLC now owns 15,669 shares of the bank’s stock worth $193,000 after buying an additional 767 shares during the last quarter. CWM LLC raised its holdings in shares of BCB Bancorp by 105.3% in the third quarter. CWM LLC now owns 5,116 shares of the bank’s stock valued at $63,000 after purchasing an additional 2,624 shares during the last quarter. Empowered Funds LLC lifted its position in shares of BCB Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 73,121 shares of the bank’s stock valued at $902,000 after purchasing an additional 3,618 shares in the last quarter. Geode Capital Management LLC boosted its holdings in BCB Bancorp by 2.1% during the third quarter. Geode Capital Management LLC now owns 367,403 shares of the bank’s stock worth $4,534,000 after purchasing an additional 7,631 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in BCB Bancorp in the 2nd quarter valued at about $119,000. 36.00% of the stock is currently owned by institutional investors and hedge funds.

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.