BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.37 and traded as low as $8.22. BCB Bancorp, Inc. (NJ) shares last traded at $8.2750, with a volume of 32,585 shares.

Analyst Ratings Changes

BCBP has been the subject of a number of analyst reports. Zacks Research raised BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Keefe, Bruyette & Woods reduced their target price on shares of BCB Bancorp, Inc. (NJ) from $9.50 to $9.00 and set a “market perform” rating for the company in a report on Tuesday, October 28th. Weiss Ratings restated a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a research note on Monday. Finally, Wall Street Zen raised shares of BCB Bancorp, Inc. (NJ) from a “sell” rating to a “hold” rating in a report on Friday, November 28th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $9.25.

BCB Bancorp, Inc. (NJ) Price Performance

The company has a market cap of $142.58 million, a P/E ratio of 165.50 and a beta of 0.77. The firm’s 50-day moving average is $8.01 and its two-hundred day moving average is $8.37. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.14 and a quick ratio of 1.14.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last issued its quarterly earnings data on Monday, October 27th. The bank reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The business had revenue of $26.46 million during the quarter, compared to analysts’ expectations of $25.73 million. BCB Bancorp, Inc. (NJ) had a net margin of 1.50% and a return on equity of 0.95%. Analysts anticipate that BCB Bancorp, Inc. will post 1.24 earnings per share for the current year.

BCB Bancorp, Inc. (NJ) Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 10th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend was Monday, November 10th. BCB Bancorp, Inc. (NJ)’s dividend payout ratio (DPR) is presently 1,280.00%.

Institutional Trading of BCB Bancorp, Inc. (NJ)

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nuveen LLC bought a new stake in BCB Bancorp, Inc. (NJ) in the first quarter worth $465,000. Hsbc Holdings PLC bought a new stake in shares of BCB Bancorp, Inc. (NJ) in the 1st quarter worth about $125,000. Trexquant Investment LP lifted its holdings in shares of BCB Bancorp, Inc. (NJ) by 46.3% in the 1st quarter. Trexquant Investment LP now owns 20,798 shares of the bank’s stock worth $205,000 after acquiring an additional 6,582 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of BCB Bancorp, Inc. (NJ) by 3.9% during the 1st quarter. Empowered Funds LLC now owns 62,609 shares of the bank’s stock worth $617,000 after purchasing an additional 2,365 shares during the period. Finally, Jane Street Group LLC bought a new position in BCB Bancorp, Inc. (NJ) during the 1st quarter valued at about $146,000. Hedge funds and other institutional investors own 36.00% of the company’s stock.

About BCB Bancorp, Inc. (NJ)

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.