BCB Bancorp (NASDAQ:BCBP) Shares Cross Below 200-Day Moving Average – Time to Sell?

BCB Bancorp, Inc. (NASDAQ:BCBP)’s share price crossed 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

Several research analysts have recently weighed in on BCBP shares. Piper Sandler cut their price objective on shares of BCB Bancorp from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Keefe, Bruyette & Woods lowered their price objective on shares of BCB Bancorp from $15.00 to $13.75 and set a “market perform” rating for the company in a research note on Thursday, January 30th.

BCB Bancorp Stock Down 1.4 %

The stock has a fifty day moving average price of $10.57 and a 200-day moving average price of $11.75. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market cap of $171.97 million, a PE ratio of 10.22 and a beta of 0.56.

BCB Bancorp (NASDAQ:BCBP) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $0.16 earnings per share (EPS) 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%. Research analysts expect that BCB Bancorp, Inc. will post 1.24 EPS for the current year.

BCB Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Friday, February 7th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date of this dividend was Friday, February 7th. BCB Bancorp’s dividend payout ratio is presently 65.31%.

Institutional Trading of BCB Bancorp

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in BCB Bancorp by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 974,952 shares of the bank’s stock valued at $11,543,000 after purchasing an additional 21,826 shares in the last quarter. Geode Capital Management LLC boosted its position in BCB Bancorp by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 369,315 shares of the bank’s stock valued at $4,373,000 after buying an additional 1,912 shares during the last quarter. Voya Investment Management LLC increased its position in shares of BCB Bancorp by 35.8% during the fourth 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. Northern Trust Corp lifted its stake in shares of BCB Bancorp by 3.0% in the fourth quarter. Northern Trust Corp now owns 126,834 shares of the bank’s stock worth $1,502,000 after acquiring an additional 3,637 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of BCB Bancorp in the third quarter worth about $1,450,000. Hedge funds and other institutional investors own 36.00% of the company’s stock.

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.