BCB Bancorp (NASDAQ:BCBP) Stock Price Crosses Below 200-Day Moving Average - What's Next?

BCB Bancorp, Inc. (NASDAQ:BCBP - Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.78 and traded as low as $9.70. BCB Bancorp shares last traded at $9.84, with a volume of 48,642 shares traded.

Analyst Upgrades and Downgrades

BCBP has been the subject of several analyst reports. Piper Sandler reduced their target price on shares of BCB Bancorp from $14.00 to $13.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. Keefe, Bruyette & Woods cut their price target on BCB Bancorp from $15.00 to $13.75 and set a "market perform" rating for the company in a research note on Thursday, January 30th.

BCB Bancorp Stock Performance

The firm has a market capitalization of $173.86 million, a PE ratio of 10.34 and a beta of 0.56. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.23 and a current ratio of 1.23. The business's fifty day simple moving average is $10.55 and its 200-day simple moving average is $11.74.

BCB Bancorp (NASDAQ:BCBP - Get Free Report) last posted its earnings results on Tuesday, January 28th. The bank reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.13). BCB Bancorp had a net margin of 9.46% and a return on equity of 6.33%. As a group, equities research analysts expect that BCB Bancorp, Inc. will post 1.24 EPS for the current year.

Remove Ads

BCB Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Friday, February 7th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date of this dividend was Friday, February 7th. BCB Bancorp's payout ratio is presently 65.31%.

Institutional Investors Weigh In On BCB Bancorp

Several large investors have recently bought and sold shares of BCBP. Segall Bryant & Hamill LLC purchased a new position in shares of BCB Bancorp in the 3rd quarter worth $1,450,000. Voya Investment Management LLC increased its position in shares of BCB Bancorp by 35.8% during the 4th quarter. Voya Investment Management LLC now owns 321,096 shares of the bank's stock valued at $3,802,000 after purchasing an additional 84,617 shares during the last quarter. JPMorgan Chase & Co. lifted its position in BCB Bancorp by 345.4% in the third quarter. JPMorgan Chase & Co. now owns 59,707 shares of the bank's stock worth $737,000 after buying an additional 46,302 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of BCB Bancorp by 131.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,690 shares of the bank's stock worth $790,000 after purchasing an additional 37,820 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of BCB Bancorp by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 974,952 shares of the bank's stock worth $11,543,000 after buying an additional 21,826 shares during the period. Institutional investors 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.