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

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $9.43 and traded as high as $10.28. BCB Bancorp, Inc. (NJ) shares last traded at $10.26, with a volume of 162,335 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Weiss Ratings upgraded BCB Bancorp, Inc. (NJ) from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Wall Street Zen upgraded BCB Bancorp, Inc. (NJ) from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Piper Sandler boosted their price target on BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 22nd. Finally, Zacks Research cut BCB Bancorp, Inc. (NJ) from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $10.00.

BCB Bancorp, Inc. (NJ) Price Performance

The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.95. The business has a 50-day moving average price of $9.43 and a two-hundred day moving average price of $8.55. The firm has a market capitalization of $178.14 million, a price-to-earnings ratio of -146.55 and a beta of 0.71.

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

BCB Bancorp, Inc. (NJ) Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, May 6th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Wednesday, May 6th. BCB Bancorp, Inc. (NJ)’s dividend payout ratio is presently -457.14%.

Insider Buying and Selling at BCB Bancorp, Inc. (NJ)

In related news, Director Mark D. Hogan purchased 5,000 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were acquired at an average cost of $7.97 per share, for a total transaction of $39,850.00. Following the transaction, the director owned 103,352 shares of the company’s stock, valued at $823,715.44. This trade represents a 5.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 11.50% of the company’s stock.

Institutional Trading of BCB Bancorp, Inc. (NJ)

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE raised its position in shares of BCB Bancorp, Inc. (NJ) by 80.1% during the 1st quarter. Bank of America Corp DE now owns 45,656 shares of the bank’s stock worth $410,000 after purchasing an additional 20,300 shares during the period. Empowered Funds LLC grew its holdings in BCB Bancorp, Inc. (NJ) by 67.6% in the 1st quarter. Empowered Funds LLC now owns 79,006 shares of the bank’s stock worth $709,000 after buying an additional 31,880 shares in the last quarter. Quantinno Capital Management LP grew its holdings in BCB Bancorp, Inc. (NJ) by 69.3% in the 1st quarter. Quantinno Capital Management LP now owns 141,904 shares of the bank’s stock worth $1,274,000 after buying an additional 58,110 shares in the last quarter. Cannell & Spears LLC bought a new position in BCB Bancorp, Inc. (NJ) in the 1st quarter worth approximately $92,000. Finally, Renaissance Technologies LLC grew its holdings in BCB Bancorp, Inc. (NJ) by 5.5% in the 1st quarter. Renaissance Technologies LLC now owns 345,194 shares of the bank’s stock worth $3,100,000 after buying an additional 18,000 shares in the last quarter. 36.00% of the stock is currently 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.