BCB Bancorp (NASDAQ:BCBP) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

BCB Bancorp, Inc. (NASDAQ:BCBP)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.89 and traded as low as $9.55. BCB Bancorp shares last traded at $9.62, with a volume of 87,996 shares.

Analysts Set New Price Targets

BCBP has been the topic of several analyst reports. Piper Sandler reduced their price objective on shares of BCB Bancorp from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Keefe, Bruyette & Woods cut their price target on shares of BCB Bancorp from $15.00 to $13.75 and set a “market perform” rating on the stock in a research report on Thursday, January 30th.

BCB Bancorp Stock Down 2.6 %

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 firm has a market cap of $164.00 million, a P/E ratio of 9.82 and a beta of 0.56. The stock’s 50-day simple moving average is $10.83 and its 200 day simple moving average is $11.89.

BCB Bancorp (NASDAQ:BCBP) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.13). BCB Bancorp had a net margin of 9.46% and a return on equity of 6.33%. As a group, research analysts forecast that BCB Bancorp, Inc. will post 1.24 EPS for the current fiscal year.

BCB Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Friday, February 7th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.65%. BCB Bancorp’s dividend payout ratio (DPR) is presently 65.31%.

Hedge Funds Weigh In On BCB Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in BCBP. Segall Bryant & Hamill LLC bought a new position in shares of BCB Bancorp during the 3rd quarter worth about $1,450,000. Voya Investment Management LLC raised its holdings in shares of BCB Bancorp by 35.8% in the 4th quarter. Voya Investment Management LLC now owns 321,096 shares of the bank’s stock worth $3,802,000 after acquiring an additional 84,617 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of BCB Bancorp by 345.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,707 shares of the bank’s stock worth $737,000 after acquiring an additional 46,302 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of BCB Bancorp by 131.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,690 shares of the bank’s stock worth $790,000 after acquiring an additional 37,820 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of BCB Bancorp by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 974,952 shares of the bank’s stock worth $11,543,000 after acquiring an additional 21,826 shares during the last quarter. Institutional investors own 36.00% of the company’s stock.

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.