Bogota Financial Corporation (NASDAQ:BSBK) Short Interest Update

Bogota Financial Corporation (NASDAQ:BSBK – Get Free Report) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 15,431 shares, a growth of 142.6% from the April 15th total of 6,360 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 9,416 shares, the days-to-cover ratio is currently 1.6 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Bogota Financial in a research report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

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Bogota Financial Stock Performance

Shares of Bogota Financial stock traded down $0.07 on Friday, reaching $8.50. 10,354 shares of the company were exchanged, compared to its average volume of 13,421. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.02 and a current ratio of 1.02. The company’s 50-day moving average is $8.45 and its two-hundred day moving average is $8.45. The firm has a market cap of $109.23 million, a price-to-earnings ratio of 50.00 and a beta of 0.15. Bogota Financial has a 1-year low of $6.91 and a 1-year high of $9.50.

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

Institutional Trading of Bogota Financial

An institutional investor recently raised its position in Bogota Financial stock. Vanguard Group Inc. boosted its holdings in Bogota Financial Corporation (NASDAQ:BSBK – Free Report) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 188,608 shares of the company’s stock after acquiring an additional 8,517 shares during the quarter. Vanguard Group Inc. owned 1.45% of Bogota Financial worth $1,741,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 11.63% of the company’s stock.

Bogota Financial Company Profile

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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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