BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report)'s stock price passed 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 changing hands.
Analyst Ratings Changes
Separately, Keefe, Bruyette & Woods cut their target price on BCB Bancorp, Inc. (NJ) from $12.50 to $10.50 and set a "market perform" rating on the stock in a research note on Thursday, April 24th.
View Our Latest Stock Analysis on BCBP
BCB Bancorp, Inc. (NJ) Stock Performance
The company has a market cap of $153.67 million, a price-to-earnings ratio of 59.70 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 stock has a 50-day moving average price of $8.29 and a 200 day moving average price of $9.60.
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last released 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 business had revenue of $23.80 million for the quarter, compared to analyst estimates of $24.28 million. BCB Bancorp, Inc. (NJ) had a return on equity of 1.50% and a net margin of 2.31%. As a group, analysts anticipate that BCB Bancorp, Inc. will post 1.24 EPS for the current fiscal year.
BCB Bancorp, Inc. (NJ) Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.15%. The ex-dividend date of this dividend was Wednesday, May 7th. BCB Bancorp, Inc. (NJ)'s dividend payout ratio is currently 426.67%.
Insider Activity at BCB Bancorp, Inc. (NJ)
In other BCB Bancorp, Inc. (NJ) news, Director Mark D. Hogan purchased 10,000 shares of the company's stock in a transaction dated Friday, June 13th. The shares were bought at an average price of $7.74 per share, with a total value of $77,400.00. Following the completion of the transaction, the director directly owned 621,140 shares in the company, valued at $4,807,623.60. This trade represents a 1.64% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought a total of 23,880 shares of company stock worth $188,201 over the last quarter. Company insiders own 15.86% of the company's stock.
Institutional Investors Weigh In On BCB Bancorp, Inc. (NJ)
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in BCB Bancorp, Inc. (NJ) by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 8,763 shares of the bank's stock valued at $104,000 after buying an additional 1,907 shares during the last quarter. Geode Capital Management LLC raised its position in BCB Bancorp, Inc. (NJ) by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 369,315 shares of the bank's stock valued at $4,373,000 after buying an additional 1,912 shares during the last quarter. Bank of America Corp DE raised its position in BCB Bancorp, Inc. (NJ) by 12.4% in the 4th quarter. Bank of America Corp DE now owns 19,022 shares of the bank's stock valued at $225,000 after buying an additional 2,092 shares during the last quarter. Empowered Funds LLC raised its position in BCB Bancorp, Inc. (NJ) by 3.9% in the 1st quarter. Empowered Funds LLC now owns 62,609 shares of the bank's stock valued at $617,000 after buying an additional 2,365 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in BCB Bancorp, Inc. (NJ) by 6.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 43,673 shares of the bank's stock valued at $517,000 after buying an additional 2,631 shares during the last quarter. Institutional investors and hedge funds own 36.00% of the company's stock.
BCB Bancorp, Inc. (NJ) Company Profile
(
Get Free Report)
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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