BANCORP 34 (OTCMKTS:BCTF) Sees Large Increase in Short Interest

BANCORP 34 (OTCMKTS:BCTF) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 1,560 shares, an increase of 5,677.8% from the January 29th total of 27 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 11,944 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 11,944 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

BANCORP 34 Price Performance

Shares of BANCORP 34 stock traded up $0.59 during midday trading on Wednesday, hitting $15.98. The company had a trading volume of 898 shares, compared to its average volume of 5,010. BANCORP 34 has a 1-year low of $10.84 and a 1-year high of $15.98. The business’s 50 day simple moving average is $13.97 and its two-hundred day simple moving average is $13.42. The stock has a market cap of $108.98 million, a PE ratio of 15.08 and a beta of 0.18.

BANCORP 34 (OTCMKTS:BCTF) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.19 earnings per share for the quarter. The firm had revenue of $8.06 million during the quarter. BANCORP 34 had a net margin of 14.51% and a return on equity of 4.02%.

About BANCORP 34

Bancorp 34, Inc operates as the holding company for Bank 34 that offers various banking products and services to individuals and businesses in the United States. It accepts various deposit products, such as savings accounts, checking accounts, money market accounts, demand and time deposits, NOW accounts, and individual retirement accounts, as well as certificates of deposit. The company also provides term, working capital, construction, USDA, small business administration, equipment, assisted living and skilled nursing, renewable energy and solar equipment, and commercial real estate loans; and small to medium size business and business acquisitions financing; lines of credit; multi-family finance; and employee stock ownership plans, HOA lending, and investor pools of single family rentals.