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

BCB Bancorp, Inc. (NASDAQ:BCBP - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.89 and traded as low as $9.55. BCB Bancorp shares last traded at $9.62, with a volume of 87,996 shares trading hands.

Wall Street Analyst Weigh In

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

BCB Bancorp Trading Up 2.4 %

The firm has a market capitalization of $170.09 million, a PE ratio of 10.11 and a beta of 0.56. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.79. The business's fifty day moving average price is $10.75 and its 200 day moving average price is $11.85.

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

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BCB Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Friday, February 7th were given a $0.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.64 annualized dividend and a dividend yield of 6.46%. BCB Bancorp's dividend payout ratio is presently 65.31%.

Institutional Investors Weigh In On BCB Bancorp

Several hedge funds have recently modified their holdings of BCBP. Segall Bryant & Hamill LLC acquired a new stake in shares of BCB Bancorp in the third quarter worth approximately $1,450,000. Voya Investment Management LLC lifted its position in BCB Bancorp by 35.8% during the fourth quarter. Voya Investment Management LLC now owns 321,096 shares of the bank's stock valued at $3,802,000 after buying an additional 84,617 shares in the last quarter. JPMorgan Chase & Co. lifted its position in BCB Bancorp by 345.4% during the third quarter. JPMorgan Chase & Co. now owns 59,707 shares of the bank's stock valued at $737,000 after buying an additional 46,302 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in BCB Bancorp by 131.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,690 shares of the bank's stock valued at $790,000 after buying an additional 37,820 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in BCB Bancorp by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 974,952 shares of the bank's stock valued at $11,543,000 after buying an additional 21,826 shares in the last quarter. 36.00% of the stock is owned by institutional investors and hedge funds.

BCB Bancorp Company Profile

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.