BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Shares Cross Below 200-Day Moving Average - Time to Sell?

Key Points

• BCB Bancorp, Inc.'s stock price fell below its 200-day moving average of $9.11, with the last traded price at $8.65 and a low of $8.42 during trading.
• Analysts have revised price targets, with Keefe, Bruyette & Woods lowering their target from $10.50 to $9.50, while Piper Sandler increased theirs to $9.50, retaining a neutral rating.
• The company declared a quarterly dividend of $0.16 to be paid on August 25th, which translates to an annualized dividend yield of 7.4% and a high payout ratio of 336.84%.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.11 and traded as low as $8.42. BCB Bancorp, Inc. (NJ) shares last traded at $8.65, with a volume of 82,051 shares.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BCBP shares. Keefe, Bruyette & Woods cut their price objective on shares of 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. Piper Sandler raised their price target on BCB Bancorp, Inc. (NJ) from $9.00 to $9.50 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Finally, Wall Street Zen raised BCB Bancorp, Inc. (NJ) from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd.

BCB Bancorp, Inc. (NJ) Stock Down 0.1%

The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a fifty day simple moving average of $8.48 and a 200-day simple moving average of $9.09. The firm has a market cap of $149.72 million, a price-to-earnings ratio of 45.84 and a beta of 0.76.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last released its earnings results on Monday, July 28th. The bank reported $0.18 earnings per share for the quarter, meeting analysts' consensus estimates of $0.18. BCB Bancorp, Inc. (NJ) had a return on equity of 1.76% and a net margin of 2.72%. The firm had revenue of $25.18 million during the quarter, compared to the consensus estimate of $24.51 million. As a group, sell-side analysts expect that BCB Bancorp, Inc. will post 1.24 EPS for the current year.

BCB Bancorp, Inc. (NJ) Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Monday, August 11th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Monday, August 11th. BCB Bancorp, Inc. (NJ)'s payout ratio is currently 336.84%.

Insiders Place Their Bets

In other news, Director Mark D. Hogan bought 10,000 shares of the stock in a transaction dated Friday, June 13th. The stock was bought at an average price of $7.74 per share, for a total transaction of $77,400.00. Following the completion of the acquisition, the director directly owned 621,140 shares in the company, valued at approximately $4,807,623.60. This trade represents a 1.64% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired 23,880 shares of company stock valued at $188,201 over the last ninety days. Insiders own 15.86% of the company's stock.

Institutional Trading of BCB Bancorp, Inc. (NJ)

A number of institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in BCB Bancorp, Inc. (NJ) by 66.2% in the fourth 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. Geode Capital Management LLC raised its stake in BCB Bancorp, Inc. (NJ) by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 369,315 shares of the bank's stock valued at $4,373,000 after purchasing an additional 1,912 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of BCB Bancorp, Inc. (NJ) by 27.8% during the 4th 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. Barclays PLC lifted its stake in BCB Bancorp, Inc. (NJ) by 35.5% in the fourth quarter. Barclays PLC now owns 30,324 shares of the bank's stock worth $359,000 after purchasing an additional 7,949 shares during the last quarter. Finally, First Trust Advisors LP purchased a new position in BCB Bancorp, Inc. (NJ) in the 4th quarter worth about $127,000. 36.00% of the stock is currently owned by hedge funds and other institutional investors.

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.