Shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $8.56 and traded as high as $9.54. BCB Bancorp, Inc. (NJ) shares last traded at $9.33, with a volume of 30,972 shares traded.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on BCBP shares. Weiss Ratings restated a "sell (d)" rating on shares of BCB Bancorp, Inc. (NJ) in a research note on Friday, March 27th. Zacks Research downgraded BCB Bancorp, Inc. (NJ) from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 10th. Wall Street Zen raised BCB Bancorp, Inc. (NJ) from a "strong sell" rating to a "hold" rating in a research report on Saturday, January 31st. Finally, Piper Sandler raised their target price on BCB Bancorp, Inc. (NJ) from $8.50 to $9.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 10th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $9.00.
Get Our Latest Report on BCBP
BCB Bancorp, Inc. (NJ) Stock Down 2.0%
The firm has a market cap of $161.97 million, a PE ratio of -11.11 and a beta of 0.65. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.00. The company's 50 day moving average price is $8.56 and its two-hundred day moving average price is $8.22.
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last released its earnings results on Friday, January 30th. The bank reported ($0.73) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.87). The company had revenue of $26.17 million for the quarter, compared to analysts' expectations of $25.22 million. BCB Bancorp, Inc. (NJ) had a negative net margin of 6.90% and a negative return on equity of 4.35%. On average, equities research analysts expect that BCB Bancorp, Inc. will post 1.24 EPS for the current fiscal year.
BCB Bancorp, Inc. (NJ) Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 11th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Wednesday, February 11th. BCB Bancorp, Inc. (NJ)'s payout ratio is presently -38.10%.
Insider Buying and Selling at BCB Bancorp, Inc. (NJ)
In other news, Director Mark D. Hogan purchased 5,000 shares of the stock in a transaction on Friday, February 27th. The shares were acquired at an average price of $7.97 per share, with a total value of $39,850.00. Following the completion of the acquisition, the director directly owned 103,352 shares of the company's stock, valued at $823,715.44. This trade represents a 5.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 11.50% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of BCBP. Empowered Funds LLC lifted its stake in BCB Bancorp, Inc. (NJ) by 3.9% in the first quarter. Empowered Funds LLC now owns 62,609 shares of the bank's stock worth $617,000 after purchasing an additional 2,365 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of BCB Bancorp, Inc. (NJ) during the first quarter worth $146,000. Geode Capital Management LLC lifted its position in shares of BCB Bancorp, Inc. (NJ) by 5.4% during the second quarter. Geode Capital Management LLC now owns 407,354 shares of the bank's stock worth $3,430,000 after purchasing an additional 21,035 shares during the last quarter. Rhumbline Advisers lifted its position in shares of BCB Bancorp, Inc. (NJ) by 14.4% during the second quarter. Rhumbline Advisers now owns 24,763 shares of the bank's stock worth $208,000 after purchasing an additional 3,110 shares during the last quarter. Finally, Invesco Ltd. bought a new stake in shares of BCB Bancorp, Inc. (NJ) during the second quarter worth $91,000. 36.00% of the stock is currently owned by institutional investors.
BCB Bancorp, Inc. (NJ) Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider BCB Bancorp, Inc. (NJ), you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BCB Bancorp, Inc. (NJ) wasn't on the list.
While BCB Bancorp, Inc. (NJ) currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
