Short Interest in Bogota Financial Corporation (NASDAQ:BSBK) Declines By 53.6%

Bogota Financial Corporation (NASDAQ:BSBK) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 7,308 shares, a decline of 53.6% from the June 30th total of 15,765 shares. Based on an average daily volume of 6,617 shares, the short-interest ratio is presently 1.1 days. Currently, 0.1% of the company’s shares are sold short.

Bogota Financial Stock Performance

Shares of BSBK traded up $0.16 during midday trading on Thursday, reaching $9.02. 1,055 shares of the stock were exchanged, compared to its average volume of 9,086. The company has a market capitalization of $115.88 million, a price-to-earnings ratio of 52.85 and a beta of 0.14. Bogota Financial has a twelve month low of $8.10 and a twelve month high of $9.50. The business’s 50-day moving average price is $8.93 and its 200 day moving average price is $8.63. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 1.02.

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

Institutional Investors Weigh In On Bogota Financial

A hedge fund recently raised its stake in Bogota Financial stock. Vanguard Group Inc. boosted its stake in Bogota Financial Corporation (NASDAQ:BSBK) by 4.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 188,608 shares of the company’s stock after acquiring an additional 8,517 shares during the period. Vanguard Group Inc. owned 1.45% of Bogota Financial worth $1,741,000 as of its most recent SEC filing. Institutional investors own 11.63% of the company’s stock.

Analyst Ratings Changes

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

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.