BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Share Price Crosses Below 200-Day Moving Average - Should You Sell?
BCB Bancorp, Inc. (NJ) shares fell below their 200-day moving average of $8.44, trading at $7.77. Analysts have mixed ratings, with Zacks upgrading to "hold" and Weiss maintaining a "sell". The company reported Q3 earnings of $0.22 per share, exceeding estimates, and announced a quarterly dividend of $0.16, yielding 8.2%. Institutional investors hold 36% of the stock. The average price target is $9.25, with a consensus rating of "reduce."
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.44 and traded as low as $7.75. BCB Bancorp, Inc. (NJ) shares last traded at $7.77, with a volume of 104,743 shares.
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Analysts Set New Price Targets
Several brokerages recently issued reports on BCBP. Zacks Research upgraded BCB Bancorp, Inc. (NJ) from a "strong sell" rating to a "hold" rating in a research report on Monday, September 8th. Wall Street Zen raised BCB Bancorp, Inc. (NJ) from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Piper Sandler upped their price target on BCB Bancorp, Inc. (NJ) from $9.00 to $9.50 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Keefe, Bruyette & Woods cut their price target on shares of BCB Bancorp, Inc. (NJ) from $9.50 to $9.00 and set a "market perform" rating for the company in a report on Tuesday, October 28th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of BCB Bancorp, Inc. (NJ) in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of $9.25.
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BCB Bancorp, Inc. (NJ) Stock Down 0.6%
The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.30. The firm has a 50 day moving average price of $8.45 and a 200-day moving average price of $8.44. The firm has a market cap of $133.60 million, a price-to-earnings ratio of 155.40 and a beta of 0.77.
BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP - Get Free Report) last posted its earnings results on Monday, October 27th. The bank reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.01. The firm had revenue of $26.46 million during the quarter, compared to the consensus estimate of $25.73 million. BCB Bancorp, Inc. (NJ) had a net margin of 1.50% and a return on equity of 0.95%. On average, equities analysts forecast that BCB Bancorp, Inc. will post 1.24 EPS for the current year.
BCB Bancorp, Inc. (NJ) Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Monday, November 10th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend is Monday, November 10th. BCB Bancorp, Inc. (NJ)'s dividend payout ratio (DPR) is 1,280.00%.
Institutional Investors Weigh In On BCB Bancorp, Inc. (NJ)
A number of institutional investors and hedge funds have recently bought and sold shares of BCBP. Bank of New York Mellon Corp raised its holdings in shares of BCB Bancorp, Inc. (NJ) by 3.5% in the first quarter. Bank of New York Mellon Corp now owns 85,052 shares of the bank's stock worth $839,000 after acquiring an additional 2,904 shares during the last quarter. Private Advisor Group LLC purchased a new stake in BCB Bancorp, Inc. (NJ) during the 1st quarter worth about $122,000. Strs Ohio purchased a new stake in BCB Bancorp, Inc. (NJ) during the 1st quarter worth about $477,000. Nuveen LLC acquired a new position in BCB Bancorp, Inc. (NJ) in the 1st quarter valued at about $465,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in BCB Bancorp, Inc. (NJ) in the 1st quarter valued at about $262,000. Hedge funds and other institutional investors own 36.00% of the company's stock.
BCB Bancorp, Inc. (NJ) Company Profile
(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.
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