BCB Bancorp (NASDAQ:BCBP) Stock Crosses Above 50-Day Moving Average of $13.08

BCB Bancorp, Inc. (NASDAQ:BCBP) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $13.08 and traded as high as $13.41. BCB Bancorp shares last traded at $13.40, with a volume of 532 shares traded.

A number of equities analysts have recently weighed in on the stock. ValuEngine cut shares of BCB Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Zacks Investment Research cut shares of BCB Bancorp from a “buy” rating to a “strong sell” rating in a research report on Thursday, October 24th.

The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.17 and a current ratio of 1.17. The company has a 50-day moving average of $13.09 and a 200-day moving average of $12.74. The firm has a market capitalization of $221.81 million, a price-to-earnings ratio of 13.31 and a beta of 0.82.

BCB Bancorp (NASDAQ:BCBP) last posted its earnings results on Friday, October 18th. The bank reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $22.14 million during the quarter. BCB Bancorp had a return on equity of 10.84% and a net margin of 16.17%. As a group, analysts anticipate that BCB Bancorp, Inc. will post 1.15 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Thursday, November 7th. BCB Bancorp’s dividend payout ratio is 55.45%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. acquired a new position in BCB Bancorp in the 2nd quarter worth $29,000. Meeder Asset Management Inc. increased its holdings in BCB Bancorp by 169.9% during the 3rd quarter. Meeder Asset Management Inc. now owns 5,052 shares of the bank’s stock worth $66,000 after purchasing an additional 3,180 shares in the last quarter. Millennium Management LLC increased its holdings in BCB Bancorp by 6.0% during the 3rd quarter. Millennium Management LLC now owns 14,884 shares of the bank’s stock worth $191,000 after purchasing an additional 848 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of BCB Bancorp by 53.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 16,198 shares of the bank’s stock valued at $224,000 after purchasing an additional 5,668 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of BCB Bancorp by 77.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 16,989 shares of the bank’s stock valued at $214,000 after purchasing an additional 7,413 shares during the period. 30.76% of the stock is currently owned by institutional investors and hedge funds.

About BCB Bancorp (NASDAQ:BCBP)

BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank, a state-chartered commercial bank that provides banking products and services to businesses and individuals in the United States. The company offers deposit products, including interest and non-interest bearing demand, NOW, savings and club, money market, term certificate, interest bearing checking, and individual retirement accounts.

Featured Article: How are institutional investors different from individual investors?

Receive News & Ratings for BCB Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCB Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.