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

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report)'s stock price passed 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.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods cut their price objective 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) Stock Performance

The company's 50-day moving average price is $8.19 and its two-hundred day moving average price is $9.73. 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 stock has a market cap of $151.52 million, a PE ratio of 58.87 and a beta of 0.71.

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

BCB Bancorp, Inc. (NJ) Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were issued a $0.16 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $0.64 annualized dividend and a yield of 7.25%. BCB Bancorp, Inc. (NJ)'s dividend payout ratio (DPR) is presently 426.67%.

Insider Activity

In other news, Director Mark D. Hogan purchased 10,000 shares of the company's stock in a transaction dated Friday, June 13th. The shares were purchased at an average cost of $7.74 per share, for a total transaction of $77,400.00. Following the purchase, the director directly owned 621,140 shares in the company, valued at approximately $4,807,623.60. This represents a 1.64% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders acquired 23,880 shares of company stock worth $188,201 over the last 90 days. Corporate insiders own 13.87% of the company's stock.

Institutional Trading of BCB Bancorp, Inc. (NJ)

Hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new position in shares of BCB Bancorp, Inc. (NJ) during the fourth quarter worth approximately $42,000. Wells Fargo & Company MN increased its stake in 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 valued at $104,000 after purchasing an additional 1,907 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of BCB Bancorp, Inc. (NJ) during the first quarter worth about $122,000. Hsbc Holdings PLC purchased a new position in BCB Bancorp, Inc. (NJ) during the 1st quarter worth approximately $125,000. Finally, First Trust Advisors LP acquired a new position in BCB Bancorp, Inc. (NJ) during the fourth quarter valued at $127,000. Hedge funds and other institutional investors own 36.00% of the company's stock.

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.