BCB Bancorp (NASDAQ:BCBP) Shares Pass Above Fifty Day Moving Average of $13.08

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Shares of BCB Bancorp, Inc. (NASDAQ:BCBP) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $13.08 and traded as high as $13.41. BCB Bancorp shares last traded at $13.40, with a volume of 532 shares.

A number of brokerages have issued reports on BCBP. Zacks Investment Research lowered BCB Bancorp from a “buy” rating to a “strong sell” rating in a research note on Thursday, October 24th. ValuEngine lowered BCB Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, October 24th.

The stock has a market cap of $220.00 million, a PE ratio of 13.22 and a beta of 0.82. The stock has a 50-day moving average price of $13.08 and a two-hundred day moving average price of $12.74. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.17 and a quick ratio of 1.17.

BCB Bancorp (NASDAQ:BCBP) last issued its quarterly earnings data on Friday, October 18th. The bank reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. The firm had revenue of $22.14 million during the quarter. BCB Bancorp had a return on equity of 10.84% and a net margin of 16.17%. Equities research analysts expect that BCB Bancorp, Inc. will post 1.15 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.19%. BCB Bancorp’s payout ratio is 55.45%.

Several institutional investors have recently modified their holdings of the company. Millennium Management LLC grew its position in shares of BCB Bancorp by 6.0% during the third quarter. Millennium Management LLC now owns 14,884 shares of the bank’s stock valued at $191,000 after purchasing an additional 848 shares in the last quarter. Van Hulzen Asset Management LLC grew its position in shares of BCB Bancorp by 6.7% during the third quarter. Van Hulzen Asset Management LLC now owns 19,261 shares of the bank’s stock valued at $247,000 after purchasing an additional 1,201 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of BCB Bancorp by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 117,331 shares of the bank’s stock valued at $1,626,000 after purchasing an additional 1,287 shares in the last quarter. Strs Ohio grew its position in shares of BCB Bancorp by 7.6% during the second quarter. Strs Ohio now owns 21,300 shares of the bank’s stock valued at $295,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of BCB Bancorp by 10.5% during the third quarter. Rhumbline Advisers now owns 22,065 shares of the bank’s stock valued at $283,000 after purchasing an additional 2,101 shares in the last quarter. Hedge funds and other institutional investors own 30.76% of the company’s stock.

About BCB Bancorp (NASDAQ:BCBP)

BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank, a state-chartered commercial bank that provides banking products and services to businesses and individuals in the United States. The company offers deposit products, including interest and non-interest bearing demand, NOW, savings and club, money market, term certificate, interest bearing checking, and individual retirement accounts.

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