Bogota Financial (NASDAQ:BSBK) Shares Up 0.1% – Still a Buy?

Bogota Financial Corporation (NASDAQ:BSBK)’s share price traded up 0.1% during mid-day trading on Friday . The company traded as high as $9.10 and last traded at $9.04. Approximately 6,735 shares changed hands during trading, a decline of 4% from the average session volume of 6,984 shares. The stock had previously closed at $9.03.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Bogota Financial in a research note on Wednesday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Bogota Financial Stock Up 0.1%

The firm has a market cap of $116.16 million, a PE ratio of 53.18 and a beta of 0.14. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average price of $8.79 and a 200-day moving average price of $8.58.

Bogota Financial (NASDAQ:BSBK) last released its earnings results on Wednesday, May 6th. The company reported $0.06 earnings per share for the quarter. Bogota Financial had a net margin of 4.72% and a return on equity of 1.47%. The firm had revenue of $4.75 million for the quarter.

Hedge Funds Weigh In On Bogota Financial

A hedge fund recently raised its position in Bogota Financial stock. Renaissance Technologies LLC boosted its holdings in Bogota Financial Corporation (NASDAQ:BSBK) by 5.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,551 shares of the company’s stock after buying an additional 1,700 shares during the quarter. Renaissance Technologies LLC owned approximately 0.24% of Bogota Financial worth $258,000 at the end of the most recent quarter. 11.63% of the stock is currently owned by institutional investors.

Bogota Financial Company Profile

Bogota Financial Corp (NASDAQ: BSBK) is the bank holding company for Bogota Savings Bank, a New Jersey-chartered savings institution headquartered in Bogota, New Jersey. As a community-focused financial services provider, the company offers a range of deposit, lending and cash management solutions tailored to individuals, small businesses and commercial clients in Bergen County and surrounding areas.

The company’s deposit portfolio includes checking and savings accounts, money market deposit accounts, certificates of deposit and individual retirement accounts.