BCB Bancorp (NASDAQ:BCBP) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

BCB Bancorp, Inc. (NASDAQ:BCBP)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.78 and traded as low as $9.70. BCB Bancorp shares last traded at $9.84, with a volume of 48,642 shares traded.

Analyst Ratings Changes

Several research firms have recently weighed in on BCBP. Keefe, Bruyette & Woods dropped their target price on shares of BCB Bancorp from $15.00 to $13.75 and set a “market perform” rating for the company in a research report on Thursday, January 30th. Piper Sandler reduced their target price on BCB Bancorp from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th.

BCB Bancorp Price Performance

The firm has a market capitalization of $171.97 million, a price-to-earnings ratio of 10.22 and a beta of 0.56. The company’s fifty day moving average price is $10.57 and its 200 day moving average price is $11.75. 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) last posted its earnings results on Tuesday, January 28th. The bank reported $0.16 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.13). BCB Bancorp had a net margin of 9.46% and a return on equity of 6.33%. Equities research analysts expect that BCB Bancorp, Inc. will post 1.24 earnings per share for the current year.

BCB Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Friday, February 7th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date of this dividend was Friday, February 7th. BCB Bancorp’s payout ratio is 65.31%.

Institutional Trading of BCB Bancorp

A number of large investors have recently modified their holdings of BCBP. JPMorgan Chase & Co. increased its stake in shares of BCB Bancorp by 345.4% in the third quarter. JPMorgan Chase & Co. now owns 59,707 shares of the bank’s stock valued at $737,000 after purchasing an additional 46,302 shares during the period. Barclays PLC grew its holdings in BCB Bancorp by 235.3% in the 3rd quarter. Barclays PLC now owns 22,375 shares of the bank’s stock worth $277,000 after buying an additional 15,702 shares in the last quarter. Geode Capital Management LLC raised its stake in BCB Bancorp by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 367,403 shares of the bank’s stock valued at $4,534,000 after acquiring an additional 7,631 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of BCB Bancorp in the third quarter worth $1,450,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of BCB Bancorp during the third quarter valued at $356,000. 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.