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

BCB Bancorp, Inc. (NASDAQ:BCBP) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.03 and traded as low as $11.44. BCB Bancorp shares last traded at $11.50, with a volume of 46,489 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upped their target price on BCB Bancorp from $13.25 to $13.50 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd.

BCB Bancorp Trading Up 1.0 %

The company has a debt-to-equity ratio of 1.79, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market capitalization of $198.10 million, a price-to-earnings ratio of 9.93 and a beta of 0.59. The firm’s 50-day simple moving average is $12.60 and its 200 day simple moving average is $12.04.

BCB Bancorp (NASDAQ:BCBP) last released its earnings results on Friday, October 18th. The bank reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The firm had revenue of $51.75 million for the quarter, compared to analysts’ expectations of $25.29 million. BCB Bancorp had a return on equity of 7.31% and a net margin of 10.59%. Equities analysts expect that BCB Bancorp, Inc. will post 1.27 earnings per share for the current year.

BCB Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date of this dividend was Friday, November 1st. BCB Bancorp’s payout ratio is 54.70%.

Insider Buying and Selling

In related news, COO Ryan Blake sold 8,677 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $13.06, for a total value of $113,321.62. Following the completion of the sale, the chief operating officer now directly owns 39,362 shares in the company, valued at $514,067.72. This represents a 18.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 28.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BCB Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Segall Bryant & Hamill LLC bought a new position in BCB Bancorp during the 3rd quarter worth approximately $1,450,000. JPMorgan Chase & Co. boosted its stake in shares of BCB Bancorp by 345.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,707 shares of the bank’s stock valued at $737,000 after purchasing an additional 46,302 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of BCB Bancorp during the second quarter worth $334,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in BCB Bancorp during the third quarter worth $356,000. Finally, Barclays PLC lifted its holdings in BCB Bancorp by 235.3% in the third quarter. Barclays PLC now owns 22,375 shares of the bank’s stock valued at $277,000 after buying an additional 15,702 shares during the period. 36.00% of the stock is owned by institutional investors and hedge funds.

BCB Bancorp Company Profile

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.