Bogota Financial (NASDAQ:BSBK) Trading Up 1.9% – Time to Buy?

Bogota Financial Corporation (NASDAQ:BSBK) shares shot up 1.9% during trading on Thursday . The company traded as high as $9.43 and last traded at $9.43. Approximately 10,075 shares changed hands during trading, a decline of 9% from the average daily volume of 11,082 shares. The stock had previously closed at $9.25.

Analyst Ratings Changes

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

Bogota Financial Trading Down 2.2%

The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $117.65 million, a P/E ratio of 43.90 and a beta of 0.14. The firm’s 50-day simple moving average is $9.06 and its 200-day simple moving average is $8.70.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. bought a new stake in Bogota Financial during the second quarter worth about $27,000. BlackRock Inc. bought a new position in shares of Bogota Financial during the 2nd quarter valued at about $142,000. Bank of America Corp DE bought a new position in shares of Bogota Financial during the 2nd quarter valued at about $262,000. Renaissance Technologies LLC raised its holdings in shares of Bogota Financial by 5.9% during the 4th quarter. Renaissance Technologies LLC now owns 30,551 shares of the company’s stock valued at $258,000 after buying an additional 1,700 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Bogota Financial by 4.7% during the 3rd 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. 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.