Bogota Financial (NASDAQ:BSBK) Trading 0.2% Higher – Still a Buy?

Shares of Bogota Financial Corporation (NASDAQ:BSBK) shot up 0.2% during mid-day trading on Friday . The stock traded as high as $9.25 and last traded at $8.93. 28,821 shares were traded during mid-day trading, an increase of 28% from the average session volume of 22,548 shares. The stock had previously closed at $8.91.

Wall Street Analyst Weigh In

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

Bogota Financial Stock Up 0.2%

The business’s 50 day moving average is $8.53 and its 200-day moving average is $8.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $114.75 million, a PE ratio of 52.53 and a beta of 0.16.

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

Institutional Investors Weigh In On Bogota Financial

An institutional investor recently raised its position in Bogota Financial stock. Renaissance Technologies LLC boosted its stake in Bogota Financial Corporation (NASDAQ:BSBK) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,551 shares of the company’s stock after acquiring an additional 1,700 shares during the period. Renaissance Technologies LLC owned about 0.24% of Bogota Financial worth $258,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 11.63% of the company’s stock.

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.