BCB Bancorp (NASDAQ:BCBP) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

BCB Bancorp, Inc. (NASDAQ:BCBP) shares 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.

Analysts Set New Price Targets

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

BCB Bancorp Stock Performance

The firm has a fifty day moving average of $12.60 and a 200-day moving average of $12.04. The firm has a market cap of $198.10 million, a P/E ratio of 9.93 and a beta of 0.59. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.79.

BCB Bancorp (NASDAQ:BCBP) last released its quarterly earnings data on Friday, October 18th. The bank reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04. The business had revenue of $51.75 million for the quarter, compared to analyst estimates of $25.29 million. BCB Bancorp had a net margin of 10.59% and a return on equity of 7.31%. Research analysts predict that BCB Bancorp, Inc. will post 1.27 earnings per share for the current fiscal year.

BCB Bancorp Dividend Announcement

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

Insider Activity at BCB Bancorp

In other news, COO Ryan Blake sold 8,677 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $13.06, for a total value of $113,321.62. Following the sale, the chief operating officer now directly owns 39,362 shares of the company’s stock, valued at approximately $514,067.72. This represents a 18.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 28.70% of the stock is owned by insiders.

Hedge Funds Weigh In On BCB Bancorp

Institutional investors have recently bought and sold shares of the business. Segall Bryant & Hamill LLC acquired a new position in shares of BCB Bancorp in the third quarter valued at approximately $1,450,000. JPMorgan Chase & Co. grew its holdings in 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 buying an additional 46,302 shares in the last quarter. AQR Capital Management LLC bought a new position in BCB Bancorp during the 2nd quarter worth $334,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of BCB Bancorp during the third quarter worth $356,000. Finally, Barclays PLC boosted its position in shares of 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 acquiring an additional 15,702 shares during the period. Institutional investors and hedge funds own 36.00% of the company’s stock.

About BCB Bancorp

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.