Bogota Financial (NASDAQ:BSBK) Trading Up 1.9% – Here’s What Happened

Shares of Bogota Financial Corporation (NASDAQ:BSBK) were up 1.9% during mid-day trading on Thursday . The stock traded as high as $9.43 and last traded at $9.43. 10,075 shares were traded during mid-day trading, a decline of 9% from the average session volume of 11,082 shares. The stock had previously closed at $9.25.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bogota Financial in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Bogota Financial presently has an average rating of “Hold”.

Bogota Financial Price Performance

The company has a market cap of $120.33 million, a price-to-earnings ratio of 44.90 and a beta of 0.14. The company has a 50-day simple moving average of $9.05 and a 200-day simple moving average of $8.70. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 0.99.

Bogota Financial (NASDAQ:BSBK) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). Bogota Financial had a net margin of 6.00% and a return on equity of 1.83%. The business had revenue of $4.50 million during the quarter, compared to analysts’ expectations of $4.50 million.

Institutional Investors Weigh In On Bogota Financial

Several institutional investors have recently made changes to their positions in BSBK. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Bogota Financial in the 2nd quarter valued at about $27,000. BlackRock Inc. purchased a new stake in Bogota Financial during the second quarter worth about $142,000. Renaissance Technologies LLC grew its position in Bogota Financial by 5.9% during the fourth quarter. Renaissance Technologies LLC now owns 30,551 shares of the company’s stock worth $258,000 after buying an additional 1,700 shares during the period. Bank of America Corp DE acquired a new position in Bogota Financial during the second quarter worth about $262,000. Finally, Vanguard Group Inc. increased its holdings in Bogota Financial by 4.7% in the third quarter. Vanguard Group Inc. now owns 188,608 shares of the company’s stock valued at $1,741,000 after buying an additional 8,517 shares in the last quarter. 11.63% of the stock is currently owned by hedge funds and other institutional investors.

About Bogota Financial

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.