BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.38 and traded as high as $10.74. BCB Bancorp, Inc. (NJ) shares last traded at $10.72, with a volume of 190,762 shares.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BCBP. Zacks Research downgraded shares of BCB Bancorp, Inc. (NJ) from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Wall Street Zen upgraded BCB Bancorp, Inc. (NJ) from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Weiss Ratings upgraded BCB Bancorp, Inc. (NJ) from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, June 17th. Finally, Piper Sandler raised their price objective on BCB Bancorp, Inc. (NJ) from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, April 22nd. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $10.00.

BCB Bancorp, Inc. (NJ) Price Performance

The firm’s fifty day simple moving average is $10.38 and its 200-day simple moving average is $9.07. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $186.10 million, a PE ratio of -153.12 and a beta of 0.71.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.01. BCB Bancorp, Inc. (NJ) had a net margin of 0.39% and a return on equity of 0.24%. The company had revenue of $24.94 million during the quarter, compared to the consensus estimate of $25.78 million. On average, research analysts forecast that BCB Bancorp, Inc. will post 1.1 earnings per share for the current fiscal year.

BCB Bancorp, Inc. (NJ) Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 6th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 3.0%. The ex-dividend date was Wednesday, May 6th. BCB Bancorp, Inc. (NJ)’s dividend payout ratio (DPR) is currently -457.14%.

Insider Buying and Selling

In other BCB Bancorp, Inc. (NJ) news, Director Gerald Werdann bought 4,400 shares of BCB Bancorp, Inc. (NJ) stock in a transaction on Thursday, June 4th. The stock was acquired at an average price of $11.28 per share, with a total value of $49,632.00. Following the acquisition, the director owned 12,122 shares in the company, valued at approximately $136,736.16. This trade represents a 56.98% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BCBP. Russell Investments Group Ltd. increased its holdings in BCB Bancorp, Inc. (NJ) by 174.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,200 shares of the bank’s stock worth $36,000 after buying an additional 2,669 shares in the last quarter. PNC Financial Services Group Inc. raised its position in BCB Bancorp, Inc. (NJ) by 247.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,105 shares of the bank’s stock worth $37,000 after buying an additional 2,922 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in BCB Bancorp, Inc. (NJ) by 76.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank’s stock valued at $47,000 after acquiring an additional 2,352 shares during the period. BNP Paribas Financial Markets lifted its stake in BCB Bancorp, Inc. (NJ) by 31.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank’s stock valued at $54,000 after acquiring an additional 1,497 shares during the period. Finally, Mariner LLC purchased a new stake in shares of BCB Bancorp, Inc. (NJ) during the 4th quarter valued at about $82,000. 36.00% of the stock is owned by institutional investors.

BCB Bancorp, Inc. (NJ) Company Profile

BCB Bancorp, Inc is a bank holding company incorporated in New Jersey and traded on the NASDAQ under the symbol BCBP. Its primary subsidiary, Bergen Commercial Bank, operates as a full-service community bank focused on serving the financial needs of individuals and businesses in the New York metropolitan area. Headquartered in Clifton, New Jersey, the company has built its reputation on personalized banking relationships and local decision-making.

BCB Bancorp offers a comprehensive suite of deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit.