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

Key Points

• BCB Bancorp, Inc. (NJ)'s stock price fell below its 200-day moving average, trading at $8.88 with a low of $8.65.
• Analysts have upgraded their ratings on the stock, with Zacks Research moving it from a "strong sell" to a "hold" rating, and price targets now averaging $9.50.
• The company declared a quarterly dividend of $0.16 per share, resulting in an annualized yield of 7.2%, despite a high dividend payout ratio of 336.84%.

Shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.79 and traded as low as $8.65. BCB Bancorp, Inc. (NJ) shares last traded at $8.88, with a volume of 60,099 shares changing hands.

Wall Street Analysts Forecast Growth

BCBP has been the subject of a number of analyst reports. Keefe, Bruyette & Woods decreased their price target on BCB Bancorp, Inc. (NJ) from $10.50 to $9.50 and set a "market perform" rating for the company in a report on Tuesday, July 29th. Piper Sandler lifted their target price 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. Zacks Research raised shares of BCB Bancorp, Inc. (NJ) from a "strong sell" rating to a "hold" rating in a report 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 report on Saturday, August 2nd. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $9.50.

BCB Bancorp, Inc. (NJ) Stock Up 2.4%

The business has a 50-day moving average price of $8.67 and a 200-day moving average price of $8.76. The stock has a market cap of $152.65 million, a PE ratio of 46.74 and a beta of 0.78. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.30.

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

BCB Bancorp, Inc. (NJ) Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 11th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 7.2%. The ex-dividend date was Monday, August 11th. BCB Bancorp, Inc. (NJ)'s dividend payout ratio is 336.84%.

Institutional Investors Weigh In On BCB Bancorp, Inc. (NJ)

Several large investors have recently bought and sold shares of the company. Northern Trust Corp boosted its stake in BCB Bancorp, Inc. (NJ) by 3.0% during the 4th quarter. Northern Trust Corp now owns 126,834 shares of the bank's stock worth $1,502,000 after purchasing an additional 3,637 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of BCB Bancorp, Inc. (NJ) by 12.4% in the fourth quarter. Bank of America Corp DE now owns 19,022 shares of the bank's stock worth $225,000 after buying an additional 2,092 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in BCB Bancorp, Inc. (NJ) during the fourth quarter worth about $42,000. GAMMA Investing LLC grew its stake in 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 valued at $455,000 after acquiring an additional 4,208 shares in the last quarter. Finally, Root Financial Partners LLC grew its stake in BCB Bancorp, Inc. (NJ) by 78.6% during the 1st quarter. Root Financial Partners LLC now owns 50,000 shares of the bank's stock valued at $493,000 after acquiring an additional 22,000 shares in the last quarter. 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.