BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.90 and traded as low as $8.66. BCB Bancorp, Inc. (NJ) shares last traded at $8.75, with a volume of 59,869 shares traded.
Analyst Ratings Changes
Several research firms recently issued reports on BCBP. Piper Sandler upped their target price on BCB Bancorp, Inc. (NJ) from $9.00 to $9.50 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Keefe, Bruyette & Woods dropped their target price on BCB Bancorp, Inc. (NJ) from $10.50 to $9.50 and set a "market perform" rating on the stock in a report on Tuesday, July 29th. Finally, Wall Street Zen upgraded BCB Bancorp, Inc. (NJ) from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $9.50.
Read Our Latest Report on BCB Bancorp, Inc. (NJ)
BCB Bancorp, Inc. (NJ) Stock Down 0.6%
The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.30. The firm has a 50 day simple moving average of $8.74 and a 200-day simple moving average of $8.88. The stock has a market cap of $150.24 million, a P/E ratio of 46.00 and a beta of 0.78.
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The bank reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $25.18 million for the quarter, compared to analyst estimates of $24.51 million. BCB Bancorp, Inc. (NJ) had a return on equity of 1.76% and a net margin of 2.72%. On average, equities research analysts forecast that BCB Bancorp, Inc. will post 1.24 earnings per share for the current fiscal year.
BCB Bancorp, Inc. (NJ) Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 11th were given a $0.16 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.64 annualized dividend and a dividend yield of 7.3%. BCB Bancorp, Inc. (NJ)'s dividend payout ratio is presently 336.84%.
Insider Activity at BCB Bancorp, Inc. (NJ)
In other news, Director Mark D. Hogan bought 10,000 shares of the firm'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 owned 621,140 shares of the company's stock, valued at $4,807,623.60. This trade represents a 1.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders purchased a total of 12,380 shares of company stock valued at $95,726 over the last 90 days. 15.86% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On BCB Bancorp, Inc. (NJ)
Institutional investors and hedge funds have recently made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of BCB Bancorp, Inc. (NJ) in the second quarter valued at approximately $28,000. Public Employees Retirement System of Ohio acquired a new position in shares of BCB Bancorp, Inc. (NJ) in the fourth quarter valued at approximately $42,000. GAMMA Investing LLC grew its position in shares of BCB Bancorp, Inc. (NJ) by 1,513.7% in the first quarter. GAMMA Investing LLC now owns 4,486 shares of the bank's stock valued at $455,000 after purchasing an additional 4,208 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of BCB Bancorp, Inc. (NJ) by 27.8% in the fourth 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 during the last quarter. Finally, First Trust Advisors LP acquired a new stake in BCB Bancorp, Inc. (NJ) during the fourth quarter worth approximately $127,000. Institutional investors and hedge funds own 36.00% of the company's stock.
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.
Further Reading
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