BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Stock Price Crosses Below Two Hundred Day Moving Average - What's Next?

Shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.81 and traded as low as $8.31. BCB Bancorp, Inc. (NJ) shares last traded at $8.43, with a volume of 210,356 shares traded.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lowered their target price on shares of BCB Bancorp, Inc. (NJ) from $12.50 to $10.50 and set a "market perform" rating on the stock in a report on Thursday, April 24th.

BCB Bancorp, Inc. (NJ) Price Performance

The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.19 and a current ratio of 1.19. The company has a 50-day simple moving average of $8.21 and a 200-day simple moving average of $9.79. The company has a market cap of $144.66 million, a price-to-earnings ratio of 56.20 and a beta of 0.70.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The bank reported ($0.51) earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.74). BCB Bancorp, Inc. (NJ) had a net margin of 2.31% and a return on equity of 1.50%. The business had revenue of $23.80 million during the quarter, compared to analysts' expectations of $24.28 million. As a group, research analysts predict that BCB Bancorp, Inc. will post 1.24 earnings per share for the current year.

BCB Bancorp, Inc. (NJ) Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $0.64 annualized dividend and a dividend yield of 7.59%. BCB Bancorp, Inc. (NJ)'s payout ratio is currently 426.67%.

Insider Transactions at BCB Bancorp, Inc. (NJ)

In related news, Director Mark D. Hogan purchased 10,000 shares of BCB Bancorp, Inc. (NJ) stock in a transaction dated Friday, June 13th. The stock was bought at an average cost of $7.74 per share, for a total transaction of $77,400.00. Following the transaction, the director now owns 621,140 shares in the company, valued at approximately $4,807,623.60. The trade was a 1.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have purchased a total of 23,880 shares of company stock valued at $188,201 in the last ninety days. 15.86% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BCB Bancorp, Inc. (NJ)

Several hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in BCB Bancorp, Inc. (NJ) during the fourth quarter worth $42,000. Wells Fargo & Company MN raised its stake in shares of BCB Bancorp, Inc. (NJ) by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 8,763 shares of the bank's stock worth $104,000 after buying an additional 1,907 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of BCB Bancorp, Inc. (NJ) during the 1st quarter worth $122,000. Hsbc Holdings PLC purchased a new stake in shares of BCB Bancorp, Inc. (NJ) in the 1st quarter worth about $125,000. Finally, First Trust Advisors LP acquired a new stake in BCB Bancorp, Inc. (NJ) in the 4th quarter valued at about $127,000. 36.00% of the stock is owned by hedge funds and other institutional investors.

About BCB Bancorp, Inc. (NJ)

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.