BCB Bancorp (NASDAQ:BCBP) Shares Cross Below Two Hundred Day Moving Average of $18.46

Shares of BCB Bancorp, Inc. (NASDAQ:BCBPGet Rating) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.46 and traded as low as $17.98. BCB Bancorp shares last traded at $18.13, with a volume of 30,936 shares changing hands.

Analyst Ratings Changes

Separately, DA Davidson restated a “neutral” rating on shares of BCB Bancorp in a report on Wednesday, July 27th.

BCB Bancorp Stock Performance

The company has a 50-day moving average of $18.68 and a 200 day moving average of $18.46. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $308.05 million, a PE ratio of 8.17 and a beta of 0.60.

BCB Bancorp (NASDAQ:BCBPGet Rating) last released its quarterly earnings results on Thursday, July 21st. The bank reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. BCB Bancorp had a return on equity of 15.87% and a net margin of 33.30%. The business had revenue of $27.43 million during the quarter, compared to analyst estimates of $27.40 million. Equities research analysts predict that BCB Bancorp, Inc. will post 2.59 EPS for the current year.

BCB Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 1st were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, July 29th. This represents a $0.64 dividend on an annualized basis and a yield of 3.53%. BCB Bancorp’s dividend payout ratio is currently 28.83%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Denali Advisors LLC bought a new stake in BCB Bancorp in the second quarter worth about $29,000. Chilton Capital Management LLC bought a new position in BCB Bancorp in the fourth quarter worth approximately $31,000. Dorsey Wright & Associates purchased a new position in BCB Bancorp in the second quarter worth $34,000. FNY Investment Advisers LLC purchased a new position in BCB Bancorp in the first quarter worth $54,000. Finally, UBS Group AG grew its holdings in shares of BCB Bancorp by 199.9% during the first quarter. UBS Group AG now owns 2,981 shares of the bank’s stock valued at $54,000 after buying an additional 1,987 shares during the last quarter. Hedge funds and other institutional investors own 44.82% of the company’s stock.

BCB Bancorp Company Profile

(Get Rating)

BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank that provides banking products and services to businesses and individuals in the United States. The company offers deposit products, including savings and club accounts, interest and non-interest-bearing demand accounts, money market accounts, certificates of deposit, and individual retirement accounts.

Recommended Stories

Receive News & Ratings for BCB Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCB Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.