BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.48 and traded as low as $8.61. BCB Bancorp, Inc. (NJ) shares last traded at $8.75, with a volume of 56,797 shares traded.
Analyst Ratings Changes
Separately, Keefe, Bruyette & Woods reduced their target price on BCB Bancorp, Inc. (NJ) from $12.50 to $10.50 and set a "market perform" rating on the stock in a research report on Thursday, April 24th.
Check Out Our Latest Stock Analysis on BCB Bancorp, Inc. (NJ)
BCB Bancorp, Inc. (NJ) Price Performance
The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $150.15 million, a price-to-earnings ratio of 58.33 and a beta of 0.71. The company's 50-day simple moving average is $8.34 and its 200 day simple moving average is $9.46.
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The bank reported ($0.51) EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.74). The business had revenue of $23.80 million for the quarter, compared to the consensus estimate of $24.28 million. BCB Bancorp, Inc. (NJ) had a return on equity of 1.50% and a net margin of 2.31%. Equities research analysts forecast that BCB Bancorp, Inc. will post 1.24 EPS for the current year.
BCB Bancorp, Inc. (NJ) Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.31%. BCB Bancorp, Inc. (NJ)'s payout ratio is presently 426.67%.
Insider Buying and Selling
In related news, Director Mark D. Hogan purchased 10,000 shares of the firm's stock in a transaction on Friday, June 13th. The stock was purchased at an average cost of $7.74 per share, with a total value of $77,400.00. Following the completion of the purchase, the director 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have purchased 23,880 shares of company stock valued at $188,201. 15.86% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On BCB Bancorp, Inc. (NJ)
Several institutional investors and hedge funds have recently modified their holdings of the stock. Strs Ohio bought a new stake in shares of BCB Bancorp, Inc. (NJ) during the first quarter valued at approximately $477,000. Jane Street Group LLC purchased a new stake in BCB Bancorp, Inc. (NJ) during the 1st quarter valued at $146,000. Empowered Funds LLC increased its stake in BCB Bancorp, Inc. (NJ) by 3.9% in the first quarter. Empowered Funds LLC now owns 62,609 shares of the bank's stock worth $617,000 after purchasing an additional 2,365 shares during the period. Trexquant Investment LP increased its stake in BCB Bancorp, Inc. (NJ) by 46.3% in the first quarter. Trexquant Investment LP now owns 20,798 shares of the bank's stock worth $205,000 after purchasing an additional 6,582 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in BCB Bancorp, Inc. (NJ) in the first quarter worth $125,000. 36.00% of the stock is owned by hedge funds and other institutional investors.
About BCB Bancorp, Inc. (NJ)
(
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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.
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