BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Shares Pass Below 50-Day Moving Average – Here’s Why

Shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $10.46 and traded as low as $10.17. BCB Bancorp, Inc. (NJ) shares last traded at $10.17, with a volume of 154,333 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of BCB Bancorp, Inc. (NJ) from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Weiss Ratings raised BCB Bancorp, Inc. (NJ) from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, June 17th. Piper Sandler raised their target price 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. Finally, Zacks Research lowered BCB Bancorp, Inc. (NJ) from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, BCB Bancorp, Inc. (NJ) presently has an average rating of “Hold” and a consensus price target of $10.00.

BCB Bancorp, Inc. (NJ) Trading Down 1.4%

The stock has a market capitalization of $176.55 million, a PE ratio of -145.26 and a beta of 0.72. The company’s 50 day moving average price is $10.46 and its two-hundred day moving average price is $9.15. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.11 and a quick ratio of 1.11.

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 the consensus estimate of $0.25 by $0.01. BCB Bancorp, Inc. (NJ) had a net margin of 0.39% and a return on equity of 0.24%. The company had revenue of $24.94 million during the quarter, compared to analysts’ expectations of $25.78 million. As a group, analysts expect that BCB Bancorp, Inc. will post 1.1 earnings per share 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. Investors of record on Wednesday, May 6th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, May 6th. BCB Bancorp, Inc. (NJ)’s dividend payout ratio (DPR) is currently -457.14%.

Insider Buying and Selling

In related news, Director Gerald Werdann acquired 4,400 shares of the stock in a transaction on Thursday, June 4th. The shares were bought at an average price of $11.28 per share, with a total value of $49,632.00. Following the completion of the purchase, the director owned 12,122 shares of the company’s stock, valued at approximately $136,736.16. This represents a 56.98% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 11.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BCBP. Concurrent Investment Advisors LLC purchased a new stake in shares of BCB Bancorp, Inc. (NJ) in the 4th quarter valued at approximately $525,000. Quantinno Capital Management LP raised its position in shares of BCB Bancorp, Inc. (NJ) by 69.3% during the 1st quarter. Quantinno Capital Management LP now owns 141,904 shares of the bank’s stock valued at $1,274,000 after buying an additional 58,110 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in BCB Bancorp, Inc. (NJ) by 144.8% in the fourth quarter. Orion Porfolio Solutions LLC now owns 81,044 shares of the bank’s stock valued at $654,000 after acquiring an additional 47,943 shares during the last quarter. World Investment Advisors acquired a new position in BCB Bancorp, Inc. (NJ) in the fourth quarter valued at approximately $358,000. Finally, Goldman Sachs Group Inc. grew its position in BCB Bancorp, Inc. (NJ) by 44.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 127,151 shares of the bank’s stock worth $1,026,000 after acquiring an additional 39,146 shares during the period. 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.