BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Share Price Passes Above 50 Day Moving Average – Time to Sell?

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $8.10 and traded as high as $8.22. BCB Bancorp, Inc. (NJ) shares last traded at $8.17, with a volume of 100,672 shares trading hands.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BCBP. Weiss Ratings reiterated a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a research report on Monday, December 29th. Zacks Research raised shares of BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Wall Street Zen upgraded shares of BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Piper Sandler raised their price objective on shares of BCB Bancorp, Inc. (NJ) from $8.50 to $9.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $9.00.

BCB Bancorp, Inc. (NJ) Price Performance

The company has a current ratio of 1.12, a quick ratio of 1.14 and a debt-to-equity ratio of 1.00. The business’s fifty day moving average is $8.09 and its 200 day moving average is $8.21. The firm has a market capitalization of $139.22 million, a P/E ratio of -9.62 and a beta of 0.74.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) last issued its earnings results on Friday, January 30th. The bank reported ($0.73) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.87). The business had revenue of $26.17 million for the quarter, compared to the consensus estimate of $25.22 million. BCB Bancorp, Inc. (NJ) had a negative return on equity of 4.35% and a negative net margin of 6.90%. As a group, analysts forecast that BCB Bancorp, Inc. will post 1.24 EPS for the current year.

BCB Bancorp, Inc. (NJ) Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 11th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $0.32 annualized dividend and a dividend yield of 4.0%. BCB Bancorp, Inc. (NJ)’s dividend payout ratio (DPR) is currently -38.10%.

Insider Activity

In related news, Director Mark D. Hogan bought 5,000 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were bought at an average cost of $7.97 per share, with a total value of $39,850.00. Following the completion of the transaction, the director directly owned 103,352 shares of the company’s stock, valued at approximately $823,715.44. This trade represents a 5.08% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 15.86% of the stock is owned by insiders.

Hedge Funds Weigh In On BCB Bancorp, Inc. (NJ)

A number of hedge funds and other institutional investors have recently modified their holdings of BCBP. Police & Firemen s Retirement System of New Jersey purchased a new position in BCB Bancorp, Inc. (NJ) in the 2nd quarter worth about $28,000. Russell Investments Group Ltd. lifted its stake in BCB Bancorp, Inc. (NJ) by 174.3% during the third quarter. Russell Investments Group Ltd. now owns 4,200 shares of the bank’s stock valued at $36,000 after buying an additional 2,669 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of BCB Bancorp, Inc. (NJ) by 76.8% in the third quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank’s stock worth $47,000 after buying an additional 2,352 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of BCB Bancorp, Inc. (NJ) by 31.8% in the third quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank’s stock worth $54,000 after buying an additional 1,497 shares during the period. Finally, Mariner LLC purchased a new position in shares of BCB Bancorp, Inc. (NJ) in the fourth quarter worth approximately $82,000. Institutional investors and hedge funds own 36.00% of the company’s stock.

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.