BCB Bancorp (NASDAQ:BCBP) Share Price Passes Below 200-Day Moving Average - Time to Sell?

BCB Bancorp, Inc. (NASDAQ:BCBP - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.03 and traded as low as $11.44. BCB Bancorp shares last traded at $11.50, with a volume of 46,489 shares traded.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted their target price on BCB Bancorp from $13.25 to $13.50 and gave the stock a "market perform" rating in a research report on Tuesday, October 22nd.

BCB Bancorp Stock Performance

The firm's fifty day simple moving average is $12.60 and its 200 day simple moving average is $12.03. The company has a market capitalization of $198.10 million, a price-to-earnings ratio of 9.93 and a beta of 0.59. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.23 and a quick ratio of 1.23.

BCB Bancorp (NASDAQ:BCBP - Get Free Report) last posted its quarterly earnings data on Friday, October 18th. The bank reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.04. BCB Bancorp had a net margin of 10.59% and a return on equity of 7.31%. The firm had revenue of $51.75 million during the quarter, compared to analyst estimates of $25.29 million. On average, sell-side analysts forecast that BCB Bancorp, Inc. will post 1.27 EPS for the current year.

BCB Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.16 per share. The ex-dividend date was Friday, November 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.51%. BCB Bancorp's dividend payout ratio is 54.70%.

Insider Activity at BCB Bancorp

In other news, COO Ryan Blake sold 8,677 shares of the business's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $13.06, for a total transaction of $113,321.62. Following the transaction, the chief operating officer now directly owns 39,362 shares in the company, valued at $514,067.72. The trade was a 18.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 28.70% of the stock is owned by insiders.

Institutional Trading of BCB Bancorp

A number of institutional investors have recently bought and sold shares of the company. CWM LLC grew its position in BCB Bancorp by 105.3% in the third quarter. CWM LLC now owns 5,116 shares of the bank's stock worth $63,000 after acquiring an additional 2,624 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in BCB Bancorp in the second quarter worth $119,000. Jane Street Group LLC increased its position in BCB Bancorp by 5.1% during the third quarter. Jane Street Group LLC now owns 15,669 shares of the bank's stock worth $193,000 after buying an additional 767 shares during the last quarter. Barclays PLC raised its holdings in BCB Bancorp by 235.3% during the third quarter. Barclays PLC now owns 22,375 shares of the bank's stock valued at $277,000 after buying an additional 15,702 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of BCB Bancorp in the third quarter worth about $356,000. Institutional investors and hedge funds 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.