Bogota Financial Corporation (NASDAQ:BSBK) Short Interest Update

Bogota Financial Corporation (NASDAQ:BSBK) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 29,034 shares, an increase of 238.4% from the July 30th total of 8,580 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 13,516 shares, the days-to-cover ratio is currently 2.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Bogota Financial in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. bought a new stake in Bogota Financial in the second quarter worth $27,000. BlackRock Inc. bought a new position in shares of Bogota Financial during the second quarter valued at $142,000. Renaissance Technologies LLC raised its position in shares of Bogota Financial by 5.9% in the 4th quarter. Renaissance Technologies LLC now owns 30,551 shares of the company’s stock worth $258,000 after purchasing an additional 1,700 shares during the last quarter. Bank of America Corp DE bought a new position in Bogota Financial in the 2nd quarter worth about $262,000. Finally, Vanguard Group Inc. boosted its stake in Bogota Financial by 4.7% in the 3rd quarter. Vanguard Group Inc. now owns 188,608 shares of the company’s stock worth $1,741,000 after purchasing an additional 8,517 shares in the last quarter. Hedge funds and other institutional investors own 11.63% of the company’s stock.

Bogota Financial Price Performance

Shares of BSBK opened at $9.23 on Thursday. Bogota Financial has a fifty-two week low of $8.10 and a fifty-two week high of $9.55. The firm’s 50-day simple moving average is $9.07 and its two-hundred day simple moving average is $8.72. The stock has a market cap of $117.77 million, a PE ratio of 43.95 and a beta of 0.14. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 0.99.

Bogota Financial (NASDAQ:BSBK) last released its earnings results on Thursday, July 30th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.03). Bogota Financial had a net margin of 6.00% and a return on equity of 1.83%. The business had revenue of $4.50 million for the quarter, compared to analysts’ expectations of $4.50 million.

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.