BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Share Price Passes Above 200 Day Moving Average – What’s Next?

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.45 and traded as high as $9.82. BCB Bancorp, Inc. (NJ) shares last traded at $9.52, with a volume of 91,276 shares.

Wall Street Analyst Weigh In

A number of research analysts have commented on BCBP shares. Piper Sandler raised their price target on shares of BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 22nd. Weiss Ratings upgraded shares of BCB Bancorp, Inc. (NJ) from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. 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, Wall Street Zen upgraded shares of BCB Bancorp, Inc. (NJ) from a “hold” rating to a “buy” rating in a research note on Saturday. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $10.00.

BCB Bancorp, Inc. (NJ) Price Performance

The company has a 50 day simple moving average of $9.19 and a 200 day simple moving average of $8.45. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.95. The stock has a market cap of $165.27 million, a P/E ratio of -135.98 and a beta of 0.71.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last posted its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $24.94 million during the quarter, compared to the consensus estimate of $25.78 million. BCB Bancorp, Inc. (NJ) had a net margin of 0.39% and a return on equity of 0.24%. Sell-side analysts forecast that BCB Bancorp, Inc. will post 1.1 earnings per share for the current fiscal year.

BCB Bancorp, Inc. (NJ) Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th will be given a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, May 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.4%. BCB Bancorp, Inc. (NJ)’s payout ratio is currently -457.14%.

Insider Activity

In related news, Director Mark D. Hogan bought 5,000 shares of the stock in a transaction that occurred on Friday, February 27th. The shares were acquired at an average price of $7.97 per share, with a total value of $39,850.00. Following the completion of the transaction, the director owned 103,352 shares in the company, valued at $823,715.44. The trade was a 5.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 11.50% of the company’s stock.

Institutional Investors Weigh In On BCB Bancorp, Inc. (NJ)

A number of institutional investors and hedge funds have recently modified their holdings of BCBP. Concurrent Investment Advisors LLC bought a new stake in shares of BCB Bancorp, Inc. (NJ) in the 4th quarter valued at about $525,000. Orion Porfolio Solutions LLC raised its holdings in shares of BCB Bancorp, Inc. (NJ) by 144.8% in 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 bought a new stake in shares of BCB Bancorp, Inc. (NJ) in the 4th quarter valued at about $358,000. Goldman Sachs Group Inc. raised its holdings in shares of BCB Bancorp, Inc. (NJ) by 44.5% in the 4th 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 during the period. Finally, Trexquant Investment LP raised its holdings in shares of BCB Bancorp, Inc. (NJ) by 63.3% in the 4th quarter. Trexquant Investment LP now owns 99,171 shares of the bank’s stock valued at $800,000 after purchasing an additional 38,441 shares during the period. 36.00% of the stock is owned by 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.