BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP) Stock Crosses Above Fifty Day Moving Average Following Analyst Downgrade

by · The Cerbat Gem

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP – Get Free Report) passed above its 50 day moving average during trading on Thursday after Wall Street Zen upgraded the stock from a sell rating to a hold rating. The stock has a 50 day moving average of $8.03 and traded as high as $8.18. BCB Bancorp, Inc. (NJ) shares last traded at $8.07, with a volume of 71,134 shares traded.

Several other research analysts have also issued reports on the stock. Weiss Ratings restated a “sell (d)” rating on shares of BCB Bancorp, Inc. (NJ) in a research report on Monday, November 24th. Zacks Research upgraded BCB Bancorp, Inc. (NJ) from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Finally, Keefe, Bruyette & Woods cut their price objective on BCB Bancorp, Inc. (NJ) from $9.50 to $9.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 28th. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, BCB Bancorp, Inc. (NJ) presently has a consensus rating of “Reduce” and a consensus target price of $9.25.

Get Our Latest Stock Analysis on BCB Bancorp, Inc. (NJ)

Institutional Trading of BCB Bancorp, Inc. (NJ)

A number of hedge funds have recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey bought a new stake in BCB Bancorp, Inc. (NJ) during the second quarter worth $28,000. Russell Investments Group Ltd. increased its stake in shares of BCB Bancorp, Inc. (NJ) by 174.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,200 shares of the bank’s stock worth $36,000 after purchasing an additional 2,669 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of BCB Bancorp, Inc. (NJ) by 76.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,415 shares of the bank’s stock valued at $47,000 after purchasing an additional 2,352 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of BCB Bancorp, Inc. (NJ) by 31.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,205 shares of the bank’s stock valued at $54,000 after purchasing an additional 1,497 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in BCB Bancorp, Inc. (NJ) in the 3rd quarter valued at about $89,000. 36.00% of the stock is currently owned by institutional investors and hedge funds.

BCB Bancorp, Inc. (NJ) Price Performance

The business has a fifty day moving average of $8.03 and a 200 day moving average of $8.38. The firm has a market cap of $137.48 million, a P/E ratio of 159.60 and a beta of 0.77. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.10.

BCB Bancorp, Inc. (NJ) (NASDAQ:BCBP – Get Free Report) last released its quarterly earnings data on Monday, October 27th. The bank reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. The firm had revenue of $26.46 million for 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, sell-side analysts anticipate that BCB Bancorp, Inc. will post 1.24 earnings per share for the current year.

BCB Bancorp, Inc. (NJ) Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were paid a dividend of $0.16 per share. The ex-dividend date was Monday, November 10th. This represents a $0.64 annualized dividend and a yield of 8.0%. BCB Bancorp, Inc. (NJ)’s dividend payout ratio is presently 1,280.00%.

About BCB Bancorp, Inc. (NJ)

(Get Free Report)

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.

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