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

Bogota Financial Corporation (NASDAQ:BSBK) shares traded up 0.2% on Friday . The company traded as high as $9.25 and last traded at $8.93. 28,821 shares changed hands 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.

Analysts Set New Price Targets

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

Bogota Financial Stock Up 0.2%

The firm has a market cap of $114.75 million, a price-to-earnings ratio of 52.53 and a beta of 0.16. The firm’s 50 day moving average price is $8.53 and its two-hundred day moving average price 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.

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

Institutional Inflows and Outflows

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