BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.62 and traded as low as $9.07. BCB Bancorp, Inc. (NJ) shares last traded at $9.14, with a volume of 76,998 shares trading hands.
Wall Street Analysts Forecast Growth
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 for the company in a research note on Thursday, April 24th.
View Our Latest Stock Report on BCB Bancorp, Inc. (NJ)
BCB Bancorp, Inc. (NJ) Stock Performance
The firm has a market cap of $156.16 million, a price-to-earnings ratio of 60.67 and a beta of 0.71. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a fifty day simple moving average of $8.28 and a two-hundred day simple moving average of $9.62.
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The bank reported ($0.51) earnings per share (EPS) 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 company had revenue of $23.80 million for the quarter, compared to analyst estimates of $24.28 million. On average, analysts expect that BCB Bancorp, Inc. will post 1.24 EPS for the current year.
BCB Bancorp, Inc. (NJ) Dividend Announcement
The company also recently declared 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 was Wednesday, May 7th. This represents a $0.64 dividend on an annualized basis and a yield of 7.03%. BCB Bancorp, Inc. (NJ)'s dividend payout ratio is currently 426.67%.
Insiders Place Their Bets
In other news, Director Mark D. Hogan bought 10,000 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was purchased at an average price of $7.74 per share, with a total value of $77,400.00. Following the completion of the acquisition, the director directly owned 621,140 shares of the company's stock, valued at $4,807,623.60. This trade represents a 1.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders bought 23,880 shares of company stock worth $188,201. 15.86% of the stock is currently owned by insiders.
Hedge Funds Weigh In On BCB Bancorp, Inc. (NJ)
A number of institutional investors have recently bought and sold shares of BCBP. Bank of New York Mellon Corp boosted its holdings in shares of BCB Bancorp, Inc. (NJ) by 9.8% in the 4th quarter. Bank of New York Mellon Corp now owns 82,148 shares of the bank's stock valued at $973,000 after acquiring an additional 7,348 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in BCB Bancorp, Inc. (NJ) by 6.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 43,673 shares of the bank's stock valued at $517,000 after purchasing an additional 2,631 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in BCB Bancorp, Inc. (NJ) by 131.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,690 shares of the bank's stock worth $790,000 after purchasing an additional 37,820 shares during the period. JPMorgan Chase & Co. raised its stake in shares of BCB Bancorp, Inc. (NJ) by 66.2% during the 4th quarter. JPMorgan Chase & Co. now owns 99,240 shares of the bank's stock valued at $1,175,000 after buying an additional 39,533 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of BCB Bancorp, Inc. (NJ) by 64.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 23,792 shares of the bank's stock valued at $282,000 after buying an additional 9,332 shares during the period. 36.00% of the stock is owned by hedge funds and other institutional investors.
BCB Bancorp, Inc. (NJ) Company Profile
(
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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.
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