Bogota Financial (NASDAQ:BSBK) Trading 2.1% Higher – Here’s Why

Bogota Financial Corporation (NASDAQ:BSBK)’s share price shot up 2.1% during trading on Monday . The stock traded as high as $8.46 and last traded at $8.46. 21,193 shares were traded during trading, an increase of 662% from the average session volume of 2,780 shares. The stock had previously closed at $8.29.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Bogota Financial in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Bogota Financial Stock Up 2.1%

The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $109.73 million, a P/E ratio of 49.76 and a beta of 0.21. The stock’s fifty day moving average is $8.49 and its two-hundred day moving average is $8.67.

Bogota Financial (NASDAQ:BSBK) last posted its quarterly earnings results on Friday, February 13th. The company reported $0.05 earnings per share (EPS) for the quarter. Bogota Financial had a return on equity of 1.50% and a net margin of 4.67%.The company had revenue of $4.51 million for the quarter.

Institutional Investors 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) by 4.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 188,608 shares of the company’s stock after buying 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 quarter. 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.