BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Share Price Passes Above 200-Day Moving Average – Time to Sell?

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.45 and traded as high as $9.82. BCB Bancorp, Inc. (NJ) shares last traded at $9.52, with a volume of 91,276 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BCBP shares. Wall Street Zen upgraded BCB Bancorp, Inc. (NJ) from a “hold” rating to a “buy” rating in a research report on Saturday. Piper Sandler raised their price objective on BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, April 22nd. Zacks Research downgraded shares of BCB Bancorp, Inc. (NJ) from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Finally, Weiss Ratings upgraded shares of BCB Bancorp, Inc. (NJ) from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target 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 company has a market cap of $165.30 million, a PE ratio of -135.98 and a beta of 0.71. The firm has a 50 day moving average of $9.19 and a two-hundred day moving average of $8.45.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last announced its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $24.94 million during the quarter, compared to analysts’ expectations of $25.78 million. Research analysts predict that BCB Bancorp, Inc. will post 1.1 earnings per share for the current fiscal year.

BCB Bancorp, Inc. (NJ) Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th will be paid a $0.08 dividend. The ex-dividend date is Wednesday, May 6th. This represents a $0.32 dividend on an annualized basis and a yield of 3.4%. BCB Bancorp, Inc. (NJ)’s payout ratio is presently -457.14%.

Insider Buying and Selling

In other news, Director Mark D. Hogan acquired 5,000 shares of BCB Bancorp, Inc. (NJ) stock in a transaction on Friday, February 27th. The stock was acquired at an average cost of $7.97 per share, for a total transaction of $39,850.00. Following the purchase, the director owned 103,352 shares in the company, valued at $823,715.44. This trade represents a 5.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 11.50% of the company’s stock.

Institutional Investors Weigh In On BCB Bancorp, Inc. (NJ)

A number of institutional investors have recently made changes to their positions in BCBP. Empowered Funds LLC raised its holdings in BCB Bancorp, Inc. (NJ) by 3.9% in the 1st quarter. Empowered Funds LLC now owns 62,609 shares of the bank’s stock worth $617,000 after acquiring an additional 2,365 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of BCB Bancorp, Inc. (NJ) in the 1st quarter worth $146,000. Geode Capital Management LLC raised its stake in shares of BCB Bancorp, Inc. (NJ) by 5.4% in the second quarter. Geode Capital Management LLC now owns 407,354 shares of the bank’s stock worth $3,430,000 after purchasing an additional 21,035 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of BCB Bancorp, Inc. (NJ) by 14.4% during the second quarter. Rhumbline Advisers now owns 24,763 shares of the bank’s stock valued at $208,000 after purchasing an additional 3,110 shares in the last quarter. Finally, Invesco Ltd. bought a new position in shares of BCB Bancorp, Inc. (NJ) during the second quarter valued at $91,000. Hedge funds and other institutional investors own 36.00% of the company’s stock.

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.