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

Shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $10.46 and traded as low as $10.17. BCB Bancorp, Inc. (NJ) shares last traded at $10.17, with a volume of 154,333 shares trading hands.

Analyst Ratings Changes

Several brokerages have commented on BCBP. Weiss Ratings upgraded shares of BCB Bancorp, Inc. (NJ) from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, June 17th. Wall Street Zen upgraded shares of BCB Bancorp, Inc. (NJ) from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Zacks Research cut shares of BCB Bancorp, Inc. (NJ) from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Finally, Piper Sandler boosted their target price on shares of BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, April 22nd. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, BCB Bancorp, Inc. (NJ) presently has a consensus rating of “Hold” and a consensus price target of $10.00.

BCB Bancorp, Inc. (NJ) Trading Up 3.2%

The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $174.99 million, a P/E ratio of -143.98 and a beta of 0.72. The firm has a 50 day moving average price of $10.45 and a two-hundred day moving average price of $9.17.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last announced its earnings results on Wednesday, April 22nd. The bank reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. BCB Bancorp, Inc. (NJ) had a return on equity of 0.24% and a net margin of 0.39%.The company had revenue of $24.94 million for the quarter, compared to analyst estimates of $25.78 million. On average, equities research analysts expect that BCB Bancorp, Inc. will post 1.1 EPS for the current fiscal year.

BCB Bancorp, Inc. (NJ) Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 6th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 3.2%. The ex-dividend date was Wednesday, May 6th. BCB Bancorp, Inc. (NJ)’s payout ratio is presently -457.14%.

Insider Buying and Selling

In other news, Director Gerald Werdann acquired 4,400 shares of BCB Bancorp, Inc. (NJ) stock in a transaction on Thursday, June 4th. The stock was bought at an average cost of $11.28 per share, with a total value of $49,632.00. Following the completion of the purchase, the director owned 12,122 shares of the company’s stock, valued at $136,736.16. This represents a 56.98% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 11.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Concurrent Investment Advisors LLC purchased a new stake in shares of BCB Bancorp, Inc. (NJ) in the 4th quarter valued at approximately $525,000. Quantinno Capital Management LP grew its position in BCB Bancorp, Inc. (NJ) by 69.3% during the 1st quarter. Quantinno Capital Management LP now owns 141,904 shares of the bank’s stock worth $1,274,000 after purchasing an additional 58,110 shares in the last quarter. Orion Porfolio Solutions LLC raised its stake in BCB Bancorp, Inc. (NJ) by 144.8% during the 4th quarter. Orion Porfolio Solutions LLC now owns 81,044 shares of the bank’s stock valued at $654,000 after purchasing an additional 47,943 shares during the period. World Investment Advisors acquired a new stake in BCB Bancorp, Inc. (NJ) during the 4th quarter valued at $358,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of BCB Bancorp, Inc. (NJ) by 44.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 127,151 shares of the bank’s stock valued at $1,026,000 after purchasing an additional 39,146 shares in the last quarter. 36.00% of the stock is owned by hedge funds and other institutional investors.

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.