Bogota Financial Corporation (NASDAQ:BSBK) Sees Large Decline in Short Interest

Key Points

• Short interest in Bogota Financial (NASDAQ:BSBK) declined by 31.3% in April to 6,360 shares, leaving a short-interest ratio of 1.3 days and about 0.1% of shares sold short.
• Vanguard Group raised its position by 4.7% to 188,608 shares (roughly 1.45% ownership), and institutional investors now own about 11.63% of the company.
• The stock trades near $8.45 with a market cap of $109.17 million, a P/E of 49.7, and reported last-quarter EPS of $0.05 with a net margin of 4.67%.

Bogota Financial Corporation (NASDAQ:BSBK - Get Free Report) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 6,360 shares, a decline of 31.3% from the March 31st total of 9,258 shares. Based on an average daily trading volume, of 4,756 shares, the short-interest ratio is currently 1.3 days. Currently, 0.1% of the shares of the company are sold short.

Bogota Financial Trading Up 0.4%

Bogota Financial stock opened at $8.45 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $8.45 and a two-hundred day moving average price of $8.47. The firm has a market capitalization of $109.17 million, a price-to-earnings ratio of 49.71 and a beta of 0.17. Bogota Financial has a 52-week low of $6.82 and a 52-week high of $9.50.

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

Institutional Inflows and Outflows

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% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 188,608 shares of the company's stock after purchasing an additional 8,517 shares during the period. Vanguard Group Inc. owned 1.45% of Bogota Financial worth $1,741,000 at the end of the most recent quarter. 11.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Bogota Financial in a report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold".

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.

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