BCB Bancorp, Inc. (NASDAQ:BCBP - Get Free Report)'s share price passed 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 traded.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods cut their target price on BCB Bancorp from $12.50 to $10.50 and set a "market perform" rating on the stock in a research report on Thursday, April 24th.
Get Our Latest Report on BCBP
BCB Bancorp Stock Up 1.4%
The company has a debt-to-equity ratio of 1.79, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market cap of $136.79 million, a PE ratio of 8.13 and a beta of 0.70. The business has a fifty day moving average price of $8.63 and a two-hundred day moving average price of $10.34.
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). BCB Bancorp had a net margin of 9.46% and a return on equity of 6.33%. The business had revenue of $23.80 million for the quarter, compared to analysts' expectations of $24.28 million. On average, analysts anticipate that BCB Bancorp, Inc. will post 1.24 EPS for the current fiscal year.
BCB Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were issued a dividend of $0.16 per share. The ex-dividend date was Wednesday, May 7th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.03%. BCB Bancorp's dividend payout ratio is 426.67%.
Insider Activity
In other BCB Bancorp news, Director Mark D. Hogan purchased 10,000 shares of the stock in a transaction dated Friday, May 23rd. The shares were acquired at an average price of $8.04 per share, for a total transaction of $80,400.00. Following the completion of the acquisition, the director now owns 98,352 shares of the company's stock, valued at $790,750.08. This represents a 11.32% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 15.86% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in BCB Bancorp by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 974,952 shares of the bank's stock valued at $11,543,000 after purchasing an additional 21,826 shares in the last quarter. Geode Capital Management LLC grew its stake in BCB Bancorp by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 369,315 shares of the bank's stock valued at $4,373,000 after purchasing an additional 1,912 shares in the last quarter. Voya Investment Management LLC grew its stake in BCB Bancorp by 35.8% in the fourth quarter. Voya Investment Management LLC now owns 321,096 shares of the bank's stock valued at $3,802,000 after purchasing an additional 84,617 shares in the last quarter. Northern Trust Corp grew its stake in BCB Bancorp by 3.0% in the fourth quarter. Northern Trust Corp now owns 126,834 shares of the bank's stock valued at $1,502,000 after purchasing an additional 3,637 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in BCB Bancorp by 66.2% in the fourth quarter. JPMorgan Chase & Co. now owns 99,240 shares of the bank's stock valued at $1,175,000 after purchasing an additional 39,533 shares in the last quarter. Hedge funds and other institutional investors own 36.00% of the company's stock.
About BCB Bancorp
(
Get Free Report)
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.
Further Reading
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