BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.
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 for the company in a research report on Thursday, April 24th.
Check Out Our Latest Analysis on BCBP
BCB Bancorp, Inc. (NJ) Price Performance
The stock's fifty day moving average price is $8.30 and its 200-day moving average price is $9.57. 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 firm has a market cap of $152.06 million, a PE ratio of 59.07 and a beta of 0.71.
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last announced 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). The company had revenue of $23.80 million during the quarter, compared to analysts' expectations of $24.28 million. BCB Bancorp, Inc. (NJ) had a net margin of 2.31% and a return on equity of 1.50%. As a group, equities analysts forecast that BCB Bancorp, Inc. will post 1.24 EPS for the current fiscal year.
BCB Bancorp, Inc. (NJ) Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were paid a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $0.64 dividend on an annualized basis and a yield of 7.22%. BCB Bancorp, Inc. (NJ)'s payout ratio is 426.67%.
Insider Buying and Selling
In other news, Director Mark D. Hogan purchased 10,000 shares of the firm's stock in a transaction on Friday, June 13th. The shares were bought at an average cost of $7.74 per share, with a total value of $77,400.00. Following the purchase, the director directly owned 621,140 shares of the company's stock, valued at approximately $4,807,623.60. This trade represents a 1.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have bought 23,880 shares of company stock valued at $188,201. 15.86% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On BCB Bancorp, Inc. (NJ)
Hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of BCB Bancorp, Inc. (NJ) by 12.4% during the 4th quarter. Bank of America Corp DE now owns 19,022 shares of the bank's stock worth $225,000 after purchasing an additional 2,092 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of BCB Bancorp, Inc. (NJ) by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 369,315 shares of the bank's stock worth $4,373,000 after purchasing an additional 1,912 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of BCB Bancorp, Inc. (NJ) by 1,513.7% during the 1st quarter. GAMMA Investing LLC now owns 4,486 shares of the bank's stock worth $455,000 after purchasing an additional 4,208 shares during the last quarter. JPMorgan Chase & Co. boosted 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 worth $1,175,000 after purchasing an additional 39,533 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of BCB Bancorp, Inc. (NJ) by 9.8% during the 4th quarter. Bank of New York Mellon Corp now owns 82,148 shares of the bank's stock worth $973,000 after acquiring an additional 7,348 shares during the period. 36.00% of the stock is owned by institutional investors and hedge funds.
About BCB Bancorp, Inc. (NJ)
(
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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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