BCB Bancorp (NASDAQ:BCBP) Stock Crosses Below Two Hundred Day Moving Average - Should You Sell?

BCB Bancorp, Inc. (NASDAQ:BCBP - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.77 and traded as low as $8.30. BCB Bancorp shares last traded at $8.39, with a volume of 75,586 shares traded.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BCBP. Piper Sandler reduced their price objective on shares of BCB Bancorp from $14.00 to $13.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. Keefe, Bruyette & Woods cut their price target on shares of BCB Bancorp from $12.50 to $10.50 and set a "market perform" rating on the stock in a report on Thursday, April 24th.

BCB Bancorp Stock Down 0.9%

The company has a 50-day moving average of $9.04 and a 200-day moving average of $10.66. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $137.13 million, a price-to-earnings ratio of 8.15 and a beta of 0.70.

BCB Bancorp (NASDAQ:BCBP - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The bank reported ($0.51) earnings per share 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 analysts' expectations of $24.28 million. BCB Bancorp had a return on equity of 6.33% and a net margin of 9.46%. On average, equities analysts predict that BCB Bancorp, Inc. will post 1.24 earnings per share for the current fiscal year.

BCB Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were paid 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 yield of 8.01%. BCB Bancorp's payout ratio is 426.67%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BCBP. JPMorgan Chase & Co. increased its position in shares of BCB Bancorp by 345.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,707 shares of the bank's stock valued at $737,000 after acquiring an additional 46,302 shares during the period. Bank of New York Mellon Corp grew its stake in BCB Bancorp by 9.8% during the 4th quarter. Bank of New York Mellon Corp now owns 82,148 shares of the bank's stock valued at $973,000 after purchasing an additional 7,348 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of BCB Bancorp by 6.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 43,673 shares of the bank's stock valued at $517,000 after purchasing an additional 2,631 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of BCB Bancorp by 131.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,690 shares of the bank's stock worth $790,000 after purchasing an additional 37,820 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of BCB Bancorp by 64.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 23,792 shares of the bank's stock worth $282,000 after purchasing an additional 9,332 shares during the period. Hedge funds and other institutional investors own 36.00% of the company's stock.

About BCB Bancorp

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.