BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $8.34 and traded as high as $9.39. BCB Bancorp, Inc. (NJ) shares last traded at $9.34, with a volume of 162,805 shares.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Zacks Research upgraded shares of BCB Bancorp, Inc. (NJ) from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 12th. Wall Street Zen upgraded shares of BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a research note on Saturday, January 31st. Piper Sandler raised their price objective on shares of BCB Bancorp, Inc. (NJ) from $8.50 to $9.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $9.00.

BCB Bancorp, Inc. (NJ) Price Performance

The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.12 and a current ratio of 1.12. The company’s 50 day moving average price is $8.34 and its 200 day moving average price is $8.18. The company has a market cap of $162.14 million, a price-to-earnings ratio of -11.12 and a beta of 0.65.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last issued its 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). BCB Bancorp, Inc. (NJ) had a negative net margin of 6.90% and a negative return on equity of 4.35%. The firm had revenue of $26.17 million during the quarter, compared to analyst estimates of $25.22 million. On average, equities research analysts predict that BCB Bancorp, Inc. will post 1.24 earnings per share for the current fiscal year.

BCB Bancorp, Inc. (NJ) Cuts Dividend

The business also recently declared 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. The ex-dividend date was Wednesday, February 11th. This represents a $0.32 annualized dividend and a yield of 3.4%. BCB Bancorp, Inc. (NJ)’s dividend payout ratio is -38.10%.

Insider Transactions at BCB Bancorp, Inc. (NJ)

In related news, Director Mark D. Hogan purchased 5,000 shares of BCB Bancorp, Inc. (NJ) stock in a transaction that occurred on Friday, February 27th. The shares were acquired at an average price of $7.97 per share, for a total transaction of $39,850.00. Following the transaction, the director directly owned 103,352 shares in the company, valued at approximately $823,715.44. This represents a 5.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 15.86% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its position in BCB Bancorp, Inc. (NJ) by 174.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,200 shares of the bank’s stock worth $36,000 after buying an additional 2,669 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in BCB Bancorp, Inc. (NJ) by 76.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank’s stock worth $47,000 after buying an additional 2,352 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in BCB Bancorp, Inc. (NJ) by 31.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank’s stock worth $54,000 after purchasing an additional 1,497 shares during the last quarter. Mariner LLC bought a new stake in BCB Bancorp, Inc. (NJ) during the 4th quarter worth about $82,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in BCB Bancorp, Inc. (NJ) during the 3rd quarter worth about $89,000. Institutional investors and hedge funds own 36.00% of the company’s stock.

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.