Bogota Financial Corporation (NASDAQ:BSBK) Short Interest Up 238.4% in August

Bogota Financial Corporation (NASDAQ:BSBKGet Free Report) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 29,034 shares, an increase of 238.4% from the July 30th total of 8,580 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 13,516 shares, the days-to-cover ratio is currently 2.1 days.

Bogota Financial Stock Up 1.4%

Shares of NASDAQ:BSBK opened at $9.25 on Friday. The business’s 50 day simple moving average is $9.08 and its two-hundred day simple moving average is $8.73. The firm has a market cap of $118.03 million, a P/E ratio of 44.05 and a beta of 0.14. 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 has a 52-week low of $8.10 and a 52-week high of $9.55.

Bogota Financial (NASDAQ:BSBKGet Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.03). The firm had revenue of $4.50 million for the quarter, compared to the consensus estimate of $4.50 million. Bogota Financial had a net margin of 6.00% and a return on equity of 1.83%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Bogota Financial in a report on Wednesday, July 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Get Our Latest Report on Bogota Financial

Hedge Funds Weigh In On Bogota Financial

Several large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Bogota Financial in the 2nd quarter worth $27,000. BlackRock Inc. purchased a new stake in Bogota Financial in the 2nd quarter valued at about $142,000. Renaissance Technologies LLC boosted its stake in shares of Bogota Financial by 5.9% in the 4th 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 last quarter. Bank of America Corp DE bought a new position in shares of Bogota Financial in the second quarter valued at approximately $262,000. Finally, Vanguard Group Inc. increased its position in shares of Bogota Financial by 4.7% during the third quarter. Vanguard Group Inc. now owns 188,608 shares of the company’s stock valued at $1,741,000 after acquiring an additional 8,517 shares during the last quarter. 11.63% of the stock is currently owned by institutional investors.

Bogota Financial Company Profile

(Get Free Report)

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.

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