BCB Bancorp (NASDAQ:BCBP) Stock Passes Below 200-Day Moving Average - Here's Why

BCB Bancorp, Inc. (NASDAQ:BCBP - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.34 and traded as low as $7.89. BCB Bancorp shares last traded at $7.97, with a volume of 66,961 shares changing hands.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lowered their target price 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 Price Performance

The company has a fifty day simple moving average of $8.57 and a two-hundred day simple moving average of $10.25. The stock has a market capitalization of $140.56 million, a price-to-earnings ratio of 8.36 and a beta of 0.70. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.23 and a current ratio of 1.23.

BCB Bancorp (NASDAQ:BCBP - Get Free Report) last posted 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). BCB Bancorp had a net margin of 9.46% and a return on equity of 6.33%. The company had revenue of $23.80 million during the quarter, compared to analyst estimates of $24.28 million. As a group, equities research analysts expect that BCB Bancorp, Inc. will post 1.24 earnings per share for the current fiscal year.

BCB Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 7.81%. The ex-dividend date of this dividend was Wednesday, May 7th. BCB Bancorp's payout ratio is presently 426.67%.

Insider Transactions at BCB Bancorp

In other news, Director Mark D. Hogan acquired 10,000 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were acquired at an average cost of $8.04 per share, with a total value of $80,400.00. Following the completion of the purchase, the director now directly owns 98,352 shares of the company's stock, valued at $790,750.08. The trade was a 11.32% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 15.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BCB Bancorp

A number of large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new position in shares of BCB Bancorp during the 4th quarter worth $42,000. GAMMA Investing LLC grew its position in BCB Bancorp by 1,513.7% in the first 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 during the last quarter. Wells Fargo & Company MN raised its stake in BCB Bancorp by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 8,763 shares of the bank's stock worth $104,000 after acquiring an additional 1,907 shares in the last quarter. First Trust Advisors LP acquired a new position in BCB Bancorp during the fourth quarter worth about $127,000. Finally, Private Advisor Group LLC bought a new position in shares of BCB Bancorp in the first quarter worth about $122,000. Institutional investors and hedge funds 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.