BCB Bancorp (NASDAQ:BCBP) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

BCB Bancorp, Inc. (NASDAQ:BCBP)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.78 and traded as low as $9.70. BCB Bancorp shares last traded at $9.84, with a volume of 48,642 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BCBP shares. Piper Sandler cut their target price 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 dropped their price objective on shares of BCB Bancorp from $15.00 to $13.75 and set a “market perform” rating on the stock in a research note on Thursday, January 30th.

BCB Bancorp Trading Up 0.2 %

The stock has a market cap of $168.88 million, a price-to-earnings ratio of 10.04 and a beta of 0.56. The firm’s 50 day moving average is $10.62 and its two-hundred day moving average is $11.78. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.79.

BCB Bancorp (NASDAQ:BCBP) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.13). BCB Bancorp had a return on equity of 6.33% and a net margin of 9.46%. Equities analysts anticipate that BCB Bancorp, Inc. will post 1.24 EPS for the current year.

BCB Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Friday, February 7th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 6.50%. The ex-dividend date of this dividend was Friday, February 7th. BCB Bancorp’s dividend payout ratio (DPR) is 65.31%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new position in BCB Bancorp in the 4th quarter worth about $42,000. Wells Fargo & Company MN grew its position in BCB Bancorp by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 8,763 shares of the bank’s stock worth $104,000 after purchasing an additional 1,907 shares during the last quarter. First Trust Advisors LP bought a new position in BCB Bancorp in the 4th quarter worth about $127,000. Trexquant Investment LP bought a new position in BCB Bancorp in the 4th quarter worth about $168,000. Finally, Jane Street Group LLC grew its position in BCB Bancorp by 5.1% in the 3rd quarter. Jane Street Group LLC now owns 15,669 shares of the bank’s stock worth $193,000 after purchasing an additional 767 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.