BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Stock Passes Below 200-Day Moving Average - Should You Sell?

Key Points

• BCB Bancorp, Inc. shares have fallen below their 200-day moving average of $8.72, currently trading at $8.49 with a volume of 37,956 shares.
• Analyst ratings for BCBP are mostly neutral, with a consensus rating of "Hold" and an average price target of $9.50.
• The company recently declared a quarterly dividend of $0.16 per share, resulting in an annualized yield of 7.5%.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report)'s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.72 and traded as low as $8.49. BCB Bancorp, Inc. (NJ) shares last traded at $8.49, with a volume of 37,956 shares.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on BCBP shares. Piper Sandler upped their price objective on shares of BCB Bancorp, Inc. (NJ) from $9.00 to $9.50 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Keefe, Bruyette & Woods decreased their price target on shares of BCB Bancorp, Inc. (NJ) from $10.50 to $9.50 and set a "market perform" rating on the stock in a research note on Tuesday, July 29th. Zacks Research raised shares of BCB Bancorp, Inc. (NJ) from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Finally, Wall Street Zen raised shares of BCB Bancorp, Inc. (NJ) from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $9.50.

BCB Bancorp, Inc. (NJ) Trading Down 1.8%

The company's fifty day simple moving average is $8.66 and its two-hundred day simple moving average is $8.72. 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 company has a market capitalization of $145.94 million, a price-to-earnings ratio of 44.68 and a beta of 0.77.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The bank reported $0.18 EPS for the quarter, hitting analysts' consensus estimates of $0.18. BCB Bancorp, Inc. (NJ) had a net margin of 2.72% and a return on equity of 1.76%. The business had revenue of $25.18 million for the quarter, compared to analyst estimates of $24.51 million. 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 business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 11th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date was Monday, August 11th. BCB Bancorp, Inc. (NJ)'s dividend payout ratio (DPR) is presently 336.84%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BCBP. Police & Firemen s Retirement System of New Jersey acquired a new stake in BCB Bancorp, Inc. (NJ) in the 2nd quarter valued at $28,000. Public Employees Retirement System of Ohio acquired a new stake in BCB Bancorp, Inc. (NJ) in the 4th quarter valued at $42,000. Invesco Ltd. acquired a new stake in BCB Bancorp, Inc. (NJ) in the 2nd quarter valued at $91,000. Jump Financial LLC acquired a new stake in BCB Bancorp, Inc. (NJ) in the 2nd quarter valued at $108,000. Finally, Private Advisor Group LLC acquired a new stake in BCB Bancorp, Inc. (NJ) in the 1st quarter valued at $122,000. Institutional investors own 36.00% of the company's stock.

About BCB Bancorp, Inc. (NJ)

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.