Bogota Financial (NASDAQ:BSBK) Stock Price Up 0.1% – Here’s Why

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Bogota Financial in a research note on Wednesday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Bogota Financial Price Performance

The stock has a market capitalization of $116.16 million, a price-to-earnings 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 company’s 50 day moving average is $8.79 and its 200 day moving average is $8.58.

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

Hedge Funds Weigh In On Bogota Financial

An institutional investor recently raised its position in Bogota Financial stock. Vanguard Group Inc. raised its stake in Bogota Financial Corporation (NASDAQ:BSBK) by 4.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 188,608 shares of the company’s stock after purchasing 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 reporting period. 11.63% of the stock is currently owned by institutional investors and hedge funds.

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.