BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Shares Pass Above Fifty Day Moving Average – What’s Next?

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $8.10 and traded as high as $8.22. BCB Bancorp, Inc. (NJ) shares last traded at $8.17, with a volume of 100,672 shares traded.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Piper Sandler lifted their price target on BCB Bancorp, Inc. (NJ) from $8.50 to $9.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a report on Monday, December 29th. Wall Street Zen raised shares of BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Zacks Research upgraded shares of BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 11th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $9.00.

BCB Bancorp, Inc. (NJ) Stock Down 0.7%

The stock has a fifty day moving average of $8.10 and a two-hundred day moving average of $8.22. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.10. The stock has a market cap of $140.77 million, a price-to-earnings ratio of -9.73 and a beta of 0.74.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last announced its quarterly earnings results on Friday, January 30th. The bank reported ($0.73) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.87). The firm had revenue of $26.17 million for the quarter, compared to analyst estimates of $25.22 million. BCB Bancorp, Inc. (NJ) had a negative return on equity of 4.30% and a negative net margin of 6.90%. As a group, analysts predict that BCB Bancorp, Inc. will post 1.24 EPS for the current fiscal year.

BCB Bancorp, Inc. (NJ) Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Wednesday, February 11th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Wednesday, February 11th. BCB Bancorp, Inc. (NJ)’s dividend payout ratio is -38.10%.

Insider Buying and Selling

In other BCB Bancorp, Inc. (NJ) news, Director Mark D. Hogan purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were purchased at an average price of $7.97 per share, for a total transaction of $39,850.00. Following the completion of the acquisition, the director owned 103,352 shares of the company’s stock, valued at approximately $823,715.44. This represents a 5.08% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 13.87% of the company’s stock.

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

Institutional investors have recently bought and sold shares of the business. Ibex Wealth Advisors acquired a new position in shares of BCB Bancorp, Inc. (NJ) during the 2nd quarter valued at $126,000. Mariner LLC acquired a new stake in BCB Bancorp, Inc. (NJ) in the 4th quarter valued at $82,000. Root Financial Partners LLC increased its holdings in BCB Bancorp, Inc. (NJ) by 14.7% in the 4th quarter. Root Financial Partners LLC now owns 82,000 shares of the bank’s stock valued at $662,000 after purchasing an additional 10,500 shares in the last quarter. World Investment Advisors purchased a new position in BCB Bancorp, Inc. (NJ) in the fourth quarter valued at about $358,000. Finally, Strs Ohio raised its position in BCB Bancorp, Inc. (NJ) by 2.9% in the fourth quarter. Strs Ohio now owns 64,400 shares of the bank’s stock valued at $520,000 after purchasing an additional 1,800 shares during the period. 36.00% of the stock is currently owned by hedge funds and other institutional investors.

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.