Bogota Financial (NASDAQ:BSBK) Stock Price Up 0.8% – Should You Buy?

by · The Cerbat Gem

Bogota Financial Corporation (NASDAQ:BSBK – Get Free Report)’s stock price shot up 0.8% on Tuesday . The company traded as high as $8.59 and last traded at $8.5650. 8,653 shares traded hands during mid-day trading, an increase of 71% from the average session volume of 5,059 shares. The stock had previously closed at $8.50.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Bogota Financial in a research note on Monday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Read Our Latest Stock Report on Bogota Financial

Bogota Financial Stock Up 0.8%

The company has a market capitalization of $111.09 million, a price-to-earnings ratio of 171.33 and a beta of 0.28. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.03. The business’s 50 day moving average is $8.79 and its 200 day moving average is $8.34.

Bogota Financial (NASDAQ:BSBK – Get Free Report) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.04 earnings per share (EPS) for the quarter. Bogota Financial had a net margin of 1.08% and a return on equity of 0.35%. The business had revenue of $4.22 million during the quarter.

Hedge Funds Weigh In On Bogota Financial

An institutional investor recently raised its position in Bogota Financial stock. Vanguard Group Inc. raised its position in shares of Bogota Financial Corporation (NASDAQ:BSBK – Free Report) by 4.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 188,608 shares of the company’s stock after purchasing an additional 8,517 shares during the quarter. Vanguard Group Inc. owned 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.

Bogota Financial Company Profile

(Get Free Report)

Bogota Financial Corp. operates as the bank holding company for Bogota Savings Bank that provides banking products and services in the United States. It offers deposit accounts, including demand accounts, savings accounts, money market accounts, and certificate of deposit accounts. The company also provides one-to four-family residential real estate loans, and commercial real estate and multi-family loans; consumer loans, such as home equity loans and lines of credit; commercial and industrial loans; and construction loans; and buys, sells, and holds investment securities.

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