BCB Bancorp (NASDAQ:BCBP) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of BCB Bancorp, Inc. (NASDAQ:BCBP) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.34 and traded as low as $7.89. BCB Bancorp shares last traded at $7.97, with a volume of 66,961 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reduced their price objective on shares of BCB Bancorp from $12.50 to $10.50 and set a “market perform” rating for the company in a research note on Thursday, April 24th.

BCB Bancorp Stock Up 1.4%

The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $136.79 million, a PE ratio of 8.13 and a beta of 0.70. The business’s 50 day simple moving average is $8.63 and its 200 day simple moving average is $10.32.

BCB Bancorp (NASDAQ:BCBP) last posted its quarterly earnings results on Tuesday, April 22nd. The bank reported ($0.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.74). The company had revenue of $23.80 million during the quarter, compared to analysts’ expectations of $24.28 million. BCB Bancorp had a return on equity of 6.33% and a net margin of 9.46%. As a group, analysts forecast that BCB Bancorp, Inc. will post 1.24 EPS for the current year.

BCB Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.03%. The ex-dividend date was Wednesday, May 7th. BCB Bancorp’s dividend payout ratio (DPR) is 426.67%.

Insider Transactions at BCB Bancorp

In related news, Director Mark D. Hogan purchased 10,000 shares of BCB Bancorp stock in a transaction dated Friday, May 23rd. The stock was acquired at an average cost of $8.04 per share, with a total value of $80,400.00. Following the completion of the transaction, the director now directly owns 98,352 shares of the company’s stock, valued at $790,750.08. This trade represents a 11.32% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.86% of the stock is owned by insiders.

Hedge Funds Weigh In On BCB Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BCBP. Public Employees Retirement System of Ohio bought a new position in BCB Bancorp during the fourth quarter valued at approximately $42,000. Wells Fargo & Company MN raised its position in BCB Bancorp by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 8,763 shares of the bank’s stock valued at $104,000 after acquiring an additional 1,907 shares in the last quarter. Private Advisor Group LLC bought a new position in BCB Bancorp during the first quarter valued at approximately $122,000. Hsbc Holdings PLC bought a new position in BCB Bancorp during the first quarter valued at approximately $125,000. Finally, First Trust Advisors LP bought a new position in BCB Bancorp during the fourth quarter valued at approximately $127,000. 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.