BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Share Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• BCB Bancorp, Inc.'s stock price has fallen below its 200-day moving average of $9.34, trading at $8.79 on Monday.
• Keefe, Bruyette & Woods has downgraded BCB Bancorp's price target from $12.50 to $10.50 with a "market perform" rating.
• Insiders are actively buying shares, with Director Mark D. Hogan purchasing 10,000 shares at an average price of $7.74 each, increasing his ownership by 1.64%.

Shares of BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.34 and traded as low as $8.49. BCB Bancorp, Inc. (NJ) shares last traded at $8.79, with a volume of 64,521 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently commented on BCBP. Piper Sandler raised their price objective on BCB Bancorp, Inc. (NJ) from $9.00 to $9.50 and gave the stock a "neutral" rating in a research note on Wednesday. Keefe, Bruyette & Woods reduced 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 research report on Tuesday.

BCB Bancorp, Inc. (NJ) Stock Performance

The firm has a 50-day moving average price of $8.39 and a 200 day moving average price of $9.31. The firm has a market capitalization of $138.65 million, a PE ratio of 42.32 and a beta of 0.71. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.55.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.18. BCB Bancorp, Inc. (NJ) had a return on equity of 1.75% and a net margin of 2.72%. The firm had revenue of $25.18 million during the quarter, compared to analyst estimates of $24.51 million. Research analysts expect that BCB Bancorp, Inc. will post 1.24 earnings per share for the current year.

BCB Bancorp, Inc. (NJ) Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Monday, August 11th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.64 annualized dividend and a dividend yield of 7.9%. BCB Bancorp, Inc. (NJ)'s payout ratio is 336.84%.

Insider Activity at BCB Bancorp, Inc. (NJ)

In related news, Director Mark D. Hogan acquired 10,000 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was purchased at an average cost of $7.74 per share, for a total transaction of $77,400.00. Following the transaction, the director directly owned 621,140 shares of the company's stock, valued at approximately $4,807,623.60. This trade represents a 1.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders purchased 23,880 shares of company stock worth $188,201. 15.86% of the stock is owned by insiders.

Institutional Trading of BCB Bancorp, Inc. (NJ)

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in BCB Bancorp, Inc. (NJ) by 66.2% during the 4th 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 period. Arrowstreet Capital Limited Partnership boosted its position in BCB Bancorp, Inc. (NJ) by 64.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 23,792 shares of the bank's stock valued at $282,000 after buying an additional 9,332 shares during the last quarter. Geode Capital Management LLC boosted its position in BCB Bancorp, Inc. (NJ) by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 369,315 shares of the bank's stock valued at $4,373,000 after buying an additional 1,912 shares during the last quarter. Trexquant Investment LP purchased a new position in BCB Bancorp, Inc. (NJ) in the 4th quarter valued at about $168,000. Finally, Wells Fargo & Company MN raised its stake in shares of BCB Bancorp, Inc. (NJ) by 27.8% in 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 in the last quarter. 36.00% of the stock is currently owned by institutional investors and hedge funds.

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.