BCB Bancorp (NASDAQ:BCBP) Shares Pass Below 200 Day Moving Average of $11.19

BCB Bancorp, Inc. (NASDAQ:BCBPGet Free Report)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.19 and traded as low as $10.06. BCB Bancorp shares last traded at $10.24, with a volume of 19,400 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BCBP shares. Keefe, Bruyette & Woods lowered their price target on shares of BCB Bancorp from $14.00 to $12.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 23rd. TheStreet cut BCB Bancorp from a “b-” rating to a “c+” rating in a research report on Tuesday, February 20th. Finally, Piper Sandler raised their price target on BCB Bancorp from $13.00 to $13.50 and gave the company a “neutral” rating in a report on Tuesday, January 30th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, BCB Bancorp has a consensus rating of “Hold” and a consensus price target of $12.75.

View Our Latest Stock Analysis on BCBP

BCB Bancorp Trading Down 2.7 %

The stock’s fifty day moving average price is $10.07 and its two-hundred day moving average price is $11.19. The stock has a market capitalization of $167.70 million, a P/E ratio of 6.38 and a beta of 0.61. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.75.

BCB Bancorp (NASDAQ:BCBPGet Free Report) last posted its earnings results on Thursday, April 25th. The bank reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.04). BCB Bancorp had a net margin of 13.41% and a return on equity of 9.71%. The business had revenue of $51.39 million for the quarter, compared to analysts’ expectations of $26.87 million. Equities research analysts forecast that BCB Bancorp, Inc. will post 1.4 EPS for the current year.

BCB Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 3rd were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $0.64 annualized dividend and a dividend yield of 6.47%. BCB Bancorp’s dividend payout ratio is 41.03%.

Insider Activity

In related news, Director Tara L. French acquired 2,500 shares of the stock in a transaction on Thursday, May 23rd. The stock was acquired at an average cost of $10.70 per share, for a total transaction of $26,750.00. Following the completion of the acquisition, the director now directly owns 2,500 shares of the company’s stock, valued at approximately $26,750. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have purchased 5,922 shares of company stock valued at $60,371. Corporate insiders own 28.70% of the company’s stock.

Institutional Trading of BCB Bancorp

A number of hedge funds have recently modified their holdings of the business. LSV Asset Management grew its position in BCB Bancorp by 21.0% during the fourth quarter. LSV Asset Management now owns 177,191 shares of the bank’s stock valued at $2,277,000 after buying an additional 30,800 shares during the period. Vanguard Group Inc. lifted its position in BCB Bancorp by 3.3% during the first quarter. Vanguard Group Inc. now owns 775,070 shares of the bank’s stock valued at $8,099,000 after purchasing an additional 25,064 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in BCB Bancorp by 51.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 53,760 shares of the bank’s stock valued at $562,000 after purchasing an additional 18,327 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in BCB Bancorp during the third quarter valued at about $184,000. Finally, Quadrature Capital Ltd bought a new position in shares of BCB Bancorp in the fourth quarter worth about $178,000. Institutional investors own 36.00% of the company’s stock.

BCB Bancorp Company Profile

(Get Free Report)

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.

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