BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Stock Price Crosses Below 200-Day Moving Average - What's Next?

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) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-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 trading hands.

Analysts Set New Price Targets

A number of brokerages have issued reports on BCBP. Piper Sandler lifted their price target on shares of BCB Bancorp, Inc. (NJ) from $9.00 to $9.50 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Keefe, Bruyette & Woods reduced 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 report on Tuesday, July 29th. Finally, Wall Street Zen upgraded shares of BCB Bancorp, Inc. (NJ) from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd.

BCB Bancorp, Inc. (NJ) Stock Performance

The business's fifty day moving average price is $8.48 and its two-hundred day moving average price is $9.05. 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 stock has a market capitalization of $143.88 million, a P/E ratio of 44.05 and a beta of 0.76.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last posted its earnings results on Monday, July 28th. The bank reported $0.18 earnings per share 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 firm had revenue of $25.18 million for the quarter, compared to the consensus estimate of $24.51 million. As a group, sell-side analysts forecast that BCB Bancorp, Inc. will post 1.24 earnings per share for the current year.

BCB Bancorp, Inc. (NJ) Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Monday, August 11th will be issued a $0.16 dividend. The ex-dividend date is Monday, August 11th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.6%. BCB Bancorp, Inc. (NJ)'s payout ratio is 336.84%.

Insider Buying and Selling at BCB Bancorp, Inc. (NJ)

In other BCB Bancorp, Inc. (NJ) news, Director Mark D. Hogan bought 10,000 shares of BCB Bancorp, Inc. (NJ) stock in a transaction dated Friday, June 13th. The shares were purchased at an average cost of $7.74 per share, for a total transaction of $77,400.00. Following the acquisition, the director directly owned 621,140 shares in the company, valued at approximately $4,807,623.60. This represents a 1.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders have bought 23,880 shares of company stock valued at $188,201. Insiders own 15.86% of the company's stock.

Hedge Funds Weigh In On BCB Bancorp, Inc. (NJ)

Large investors have recently made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of BCB Bancorp, Inc. (NJ) during the 2nd quarter worth about $28,000. Public Employees Retirement System of Ohio purchased a new position in shares of BCB Bancorp, Inc. (NJ) during the 4th quarter worth about $42,000. GAMMA Investing LLC boosted its stake in shares of BCB Bancorp, Inc. (NJ) by 1,513.7% during the 1st quarter. GAMMA Investing LLC now owns 4,486 shares of the bank's stock worth $455,000 after purchasing an additional 4,208 shares during the period. Wells Fargo & Company MN boosted its stake 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 worth $104,000 after purchasing an additional 1,907 shares during the period. Finally, First Trust Advisors LP purchased a new position in shares of BCB Bancorp, Inc. (NJ) during the 4th quarter worth about $127,000. 36.00% of the stock is owned by hedge funds and other institutional investors.

BCB Bancorp, Inc. (NJ) Company Profile

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.