Bogota Financial (NASDAQ:BSBK) Trading Up 0.2% – Should You Buy?

Bogota Financial Corporation (NASDAQ:BSBK)’s stock price rose 0.2% during trading on Friday . The company traded as high as $9.25 and last traded at $8.93. Approximately 28,821 shares changed hands during trading, an increase of 28% from the average daily volume of 22,548 shares. The stock had previously closed at $8.91.

Analyst Upgrades and Downgrades

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

Bogota Financial Stock Performance

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

Bogota Financial (NASDAQ:BSBK) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter. The firm 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%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Bogota Financial stock. Vanguard Group Inc. lifted its holdings in Bogota Financial Corporation (NASDAQ:BSBK) by 4.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 188,608 shares of the company’s stock after purchasing an additional 8,517 shares during the period. Vanguard Group Inc. owned about 1.45% of Bogota Financial worth $1,741,000 at the end of the most recent reporting period. 11.63% of the stock is owned by institutional investors and hedge funds.

About Bogota Financial

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.