BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.32 and traded as high as $10.46. BCB Bancorp, Inc. (NJ) shares last traded at $10.31, with a volume of 106,431 shares trading hands.

Analyst Upgrades and Downgrades

BCBP has been the topic of a number of research analyst reports. Zacks Research lowered shares of BCB Bancorp, Inc. (NJ) from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Piper Sandler lifted their price target on shares of BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, April 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a report on Friday, March 27th. Finally, Wall Street Zen upgraded shares of BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a report on Saturday, January 31st. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $10.00.

BCB Bancorp, Inc. (NJ) Trading Down 1.2%

The company has a market cap of $178.97 million, a price-to-earnings ratio of -147.26 and a beta of 0.65. The business’s fifty day moving average price is $8.86 and its 200 day moving average price is $8.32. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.12 and a quick ratio of 1.12.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last issued its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $24.94 million for the quarter, compared to analyst estimates of $25.78 million. BCB Bancorp, Inc. (NJ) had a net margin of 0.39% and a return on equity of 0.24%. Research analysts anticipate that BCB Bancorp, Inc. will post 1.1 earnings per share for the current fiscal year.

BCB Bancorp, Inc. (NJ) Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, May 6th. BCB Bancorp, Inc. (NJ)’s dividend payout ratio (DPR) is currently -457.14%.

Insiders Place Their Bets

In other news, Director Mark D. Hogan bought 5,000 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was acquired at an average price of $7.97 per share, with a total value of $39,850.00. Following the completion of the purchase, the director directly owned 103,352 shares of the company’s stock, valued at approximately $823,715.44. This represents a 5.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 11.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BCB Bancorp, Inc. (NJ)

Hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. raised its stake in BCB Bancorp, Inc. (NJ) by 174.3% during the third quarter. Russell Investments Group Ltd. now owns 4,200 shares of the bank’s stock worth $36,000 after buying an additional 2,669 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in BCB Bancorp, Inc. (NJ) by 76.8% during the third quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank’s stock worth $47,000 after buying an additional 2,352 shares during the last quarter. BNP Paribas Financial Markets raised its stake in BCB Bancorp, Inc. (NJ) by 31.8% during the third quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank’s stock worth $54,000 after buying an additional 1,497 shares during the last quarter. Mariner LLC bought a new position in BCB Bancorp, Inc. (NJ) during the fourth quarter worth $82,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in BCB Bancorp, Inc. (NJ) during the third quarter worth $89,000. Institutional investors own 36.00% of the company’s stock.

About BCB Bancorp, Inc. (NJ)

BCB Bancorp, Inc is a bank holding company incorporated in New Jersey and traded on the NASDAQ under the symbol BCBP. Its primary subsidiary, Bergen Commercial Bank, operates as a full-service community bank focused on serving the financial needs of individuals and businesses in the New York metropolitan area. Headquartered in Clifton, New Jersey, the company has built its reputation on personalized banking relationships and local decision-making.

BCB Bancorp offers a comprehensive suite of deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit.