Bogota Financial (NASDAQ:BSBK) Trading Up 0.1% – Here’s What Happened

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

Analysts Set New Price Targets

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

Bogota Financial Stock Performance

The company has a market capitalization of $116.16 million, a P/E 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 fifty day moving average is $8.79 and its 200 day moving average is $8.58.

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

Institutional Inflows and Outflows

A hedge fund recently raised its position in Bogota Financial stock. Renaissance Technologies LLC raised its holdings in shares of Bogota Financial Corporation (NASDAQ:BSBK) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,551 shares of the company’s stock after buying an additional 1,700 shares during the quarter. Renaissance Technologies LLC owned about 0.24% of Bogota Financial worth $258,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 11.63% of the company’s stock.

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.