BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $10.38 and traded as high as $10.74. BCB Bancorp, Inc. (NJ) shares last traded at $10.72, with a volume of 190,762 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BCBP shares. Piper Sandler lifted their target price on BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, April 22nd. Wall Street Zen upgraded shares of BCB Bancorp, Inc. (NJ) from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Weiss Ratings raised shares of BCB Bancorp, Inc. (NJ) from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, June 17th. Finally, Zacks Research downgraded shares of BCB Bancorp, Inc. (NJ) from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $10.00.

BCB Bancorp, Inc. (NJ) Price Performance

The stock has a 50-day moving average of $10.41 and a two-hundred day moving average of $9.08. The firm has a market cap of $185.23 million, a price-to-earnings ratio of -152.41 and a beta of 0.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.95.

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

BCB Bancorp, Inc. (NJ) Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 6th were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, May 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.0%. BCB Bancorp, Inc. (NJ)’s payout ratio is currently -457.14%.

Insider Activity at BCB Bancorp, Inc. (NJ)

In other news, Director Gerald Werdann acquired 4,400 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average price of $11.28 per share, with a total value of $49,632.00. Following the purchase, the director owned 12,122 shares of the company’s stock, valued at approximately $136,736.16. This trade represents a 56.98% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 11.50% of the company’s stock.

Institutional Trading of BCB Bancorp, Inc. (NJ)

Large investors have recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC acquired a new stake in shares of BCB Bancorp, Inc. (NJ) in the fourth quarter worth $525,000. Squarepoint Ops LLC acquired a new position in BCB Bancorp, Inc. (NJ) during the fourth quarter valued at $120,000. Mercer Global Advisors Inc. ADV lifted its stake in BCB Bancorp, Inc. (NJ) by 21.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,492 shares of the bank’s stock worth $101,000 after acquiring an additional 2,233 shares in the last quarter. Invesco Ltd. purchased a new stake in BCB Bancorp, Inc. (NJ) in the 2nd quarter worth about $91,000. Finally, Mariner LLC acquired a new stake in BCB Bancorp, Inc. (NJ) during the 4th quarter worth about $82,000. 36.00% of the stock is owned by institutional investors and hedge funds.

BCB Bancorp, Inc. (NJ) Company Profile

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.