BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Stock Crosses Above 200 Day Moving Average - Here's What Happened

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.32 and traded as high as $10.46. BCB Bancorp, Inc. (NJ) shares last traded at $10.31, with a volume of 106,431 shares traded.

Analysts Set New Price Targets

Several research analysts have recently commented on BCBP shares. Weiss Ratings reaffirmed a "sell (d)" rating on shares of BCB Bancorp, Inc. (NJ) in a report on Friday, March 27th. Piper Sandler raised their target price on shares of BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the stock a "neutral" rating in a report on Wednesday, April 22nd. Wall Street Zen raised shares of BCB Bancorp, Inc. (NJ) from a "strong sell" rating to a "hold" rating in a report on Saturday, January 31st. Finally, Zacks Research cut shares of BCB Bancorp, Inc. (NJ) from a "strong-buy" rating to a "hold" rating in a report on Friday, April 10th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $10.00.

BCB Bancorp, Inc. (NJ) Price Performance

The business's 50 day moving average is $8.86 and its 200-day moving average is $8.32. The firm has a market capitalization of $178.97 million, a P/E ratio of -147.26 and a beta of 0.65. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.00.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.01. The business had revenue of $24.94 million for the quarter, compared to analysts' expectations of $25.78 million. BCB Bancorp, Inc. (NJ) had a net margin of 0.39% and a return on equity of 0.24%. As a group, sell-side analysts predict that BCB Bancorp, Inc. will post 1.1 EPS for the current fiscal year.

BCB Bancorp, Inc. (NJ) Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, May 6th. BCB Bancorp, Inc. (NJ)'s dividend payout ratio (DPR) is -457.14%.

Insider Transactions at BCB Bancorp, Inc. (NJ)

In other news, Director Mark D. Hogan acquired 5,000 shares of the firm's stock in a transaction that occurred on Friday, February 27th. The shares were acquired at an average cost of $7.97 per share, with a total value of $39,850.00. Following the completion of the purchase, the director directly owned 103,352 shares of the company's stock, valued at $823,715.44. The trade was a 5.08% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.50% of the stock is owned by company insiders.

Institutional Trading of BCB Bancorp, Inc. (NJ)

A number of hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its position in BCB Bancorp, Inc. (NJ) by 31.8% in the third quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank's stock valued at $54,000 after buying an additional 1,497 shares in the last quarter. Barclays PLC boosted its position in BCB Bancorp, Inc. (NJ) by 2.0% in the fourth quarter. Barclays PLC now owns 81,340 shares of the bank's stock valued at $656,000 after buying an additional 1,565 shares in the last quarter. Strs Ohio boosted its position in BCB Bancorp, Inc. (NJ) by 2.9% in the fourth quarter. Strs Ohio now owns 64,400 shares of the bank's stock valued at $520,000 after buying an additional 1,800 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in BCB Bancorp, Inc. (NJ) by 21.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,492 shares of the bank's stock valued at $101,000 after buying an additional 2,233 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in BCB Bancorp, Inc. (NJ) by 76.8% in the third quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank's stock valued at $47,000 after buying an additional 2,352 shares in the last quarter. Institutional investors and hedge funds own 36.00% of the company's stock.

About BCB Bancorp, Inc. (NJ)

BCB Bancorp, Inc is a bank holding company incorporated in New Jersey and traded on the NASDAQ under the symbol BCBP. Its primary subsidiary, Bergen Commercial Bank, operates as a full-service community bank focused on serving the financial needs of individuals and businesses in the New York metropolitan area. Headquartered in Clifton, New Jersey, the company has built its reputation on personalized banking relationships and local decision-making.

BCB Bancorp offers a comprehensive suite of deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit.

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