BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.37 and traded as low as $8.22. BCB Bancorp, Inc. (NJ) shares last traded at $8.2750, with a volume of 32,585 shares changing hands.

Wall Street Analysts Forecast Growth

BCBP has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods dropped their price objective on shares of BCB Bancorp, Inc. (NJ) from $9.50 to $9.00 and set a “market perform” rating for the company in a research note on Tuesday, October 28th. Zacks Research raised shares of BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Wall Street Zen upgraded shares of BCB Bancorp, Inc. (NJ) from a “sell” rating to a “hold” rating in a report on Friday, November 28th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a research note on Monday. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $9.25.

BCB Bancorp, Inc. (NJ) Stock Performance

The stock has a 50 day simple moving average of $8.02 and a 200 day simple moving average of $8.37. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.10. The company has a market cap of $142.58 million, a price-to-earnings ratio of 165.50 and a beta of 0.77.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last announced its earnings results on Monday, October 27th. The bank reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. BCB Bancorp, Inc. (NJ) had a return on equity of 0.95% and a net margin of 1.50%.The business had revenue of $26.46 million for the quarter, compared to the consensus estimate of $25.73 million. As a group, analysts predict that BCB Bancorp, Inc. will post 1.24 EPS for the current year.

BCB Bancorp, Inc. (NJ) Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 10th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend was Monday, November 10th. BCB Bancorp, Inc. (NJ)’s payout ratio is presently 1,280.00%.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its stake in shares of BCB Bancorp, Inc. (NJ) by 5.4% during the 2nd quarter. Geode Capital Management LLC now owns 407,354 shares of the bank’s stock valued at $3,430,000 after buying an additional 21,035 shares during the last quarter. Millennium Management LLC grew its holdings in BCB Bancorp, Inc. (NJ) by 50.5% during the 3rd quarter. Millennium Management LLC now owns 76,102 shares of the bank’s stock worth $661,000 after acquiring an additional 25,530 shares in the last quarter. Empowered Funds LLC increased its position in shares of BCB Bancorp, Inc. (NJ) by 3.9% in the 1st quarter. Empowered Funds LLC now owns 62,609 shares of the bank’s stock worth $617,000 after purchasing an additional 2,365 shares during the last quarter. Strs Ohio raised its stake in shares of BCB Bancorp, Inc. (NJ) by 4.9% in the 3rd quarter. Strs Ohio now owns 62,600 shares of the bank’s stock valued at $543,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of BCB Bancorp, Inc. (NJ) in the 1st quarter valued at about $465,000. 36.00% of the stock is currently 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.