BCB Bancorp (NASDAQ:BCBP) Shares Pass Below Two Hundred Day Moving Average of $12.22

BCB Bancorp, Inc. (NASDAQ:BCBP) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.22 and traded as low as $11.79. BCB Bancorp shares last traded at $12.00, with a volume of 45,154 shares trading hands.

Analysts Set New Price Targets

BCBP has been the subject of a number of research analyst reports. Janney Montgomery Scott assumed coverage on shares of BCB Bancorp in a research note on Wednesday, August 30th. They set a “buy” rating for the company. StockNews.com assumed coverage on BCB Bancorp in a report on Thursday, August 17th. They set a “hold” rating for the company.

BCB Bancorp Stock Down 0.4 %

The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $200.64 million, a PE ratio of 4.96 and a beta of 0.66. The stock has a fifty day moving average price of $12.00 and a 200-day moving average price of $12.18.

BCB Bancorp (NASDAQ:BCBP) last released its quarterly earnings results on Thursday, July 20th. The bank reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.03). The company had revenue of $28.11 million during the quarter. BCB Bancorp had a return on equity of 16.55% and a net margin of 25.59%. Research analysts expect that BCB Bancorp, Inc. will post 2.11 EPS for the current year.

BCB Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Friday, August 4th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date of this dividend was Thursday, August 3rd. BCB Bancorp’s dividend payout ratio is presently 26.56%.

Hedge Funds Weigh In On BCB Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of BCBP. Advisor Group Holdings Inc. raised its position in shares of BCB Bancorp by 139.6% in the 4th quarter. Advisor Group Holdings Inc. now owns 1,756 shares of the bank’s stock valued at $31,000 after purchasing an additional 1,023 shares in the last quarter. UBS Group AG raised its position in shares of BCB Bancorp by 188.9% in the 3rd quarter. UBS Group AG now owns 2,932 shares of the bank’s stock valued at $50,000 after purchasing an additional 1,917 shares in the last quarter. FMR LLC raised its position in shares of BCB Bancorp by 36.2% in the 1st quarter. FMR LLC now owns 3,716 shares of the bank’s stock valued at $49,000 after purchasing an additional 988 shares in the last quarter. Barclays PLC raised its position in shares of BCB Bancorp by 477.7% in the 4th quarter. Barclays PLC now owns 3,859 shares of the bank’s stock valued at $69,000 after purchasing an additional 3,191 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of BCB Bancorp by 4,368.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the bank’s stock valued at $71,000 after purchasing an additional 4,063 shares in the last quarter. Hedge funds and other institutional investors own 37.45% of the company’s stock.

About BCB Bancorp

BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank that provides 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; and money market accounts, certificates of deposit, and individual retirement accounts.