Bogota Financial Corp. (NASDAQ:BSBK - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 23,500 shares, an increase of 53.6% from the March 15th total of 15,300 shares. Approximately 0.6% of the company's stock are sold short. Based on an average trading volume of 5,200 shares, the days-to-cover ratio is currently 4.5 days.
Hedge Funds Weigh In On Bogota Financial
Institutional investors and hedge funds have recently modified their holdings of the stock. Northern Trust Corp lifted its holdings in Bogota Financial by 63.3% during the 4th quarter. Northern Trust Corp now owns 25,708 shares of the company's stock worth $193,000 after purchasing an additional 9,963 shares during the last quarter. M3F Inc. raised its stake in Bogota Financial by 0.3% in the 4th quarter. M3F Inc. now owns 496,605 shares of the company's stock worth $3,725,000 after purchasing an additional 1,619 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Bogota Financial by 17.8% in the 3rd quarter. Geode Capital Management LLC now owns 48,904 shares of the company's stock valued at $406,000 after purchasing an additional 7,385 shares during the period. 11.63% of the stock is currently owned by institutional investors and hedge funds.
Bogota Financial Stock Up 2.3 %
Shares of BSBK stock traded up $0.16 during trading on Tuesday, reaching $7.03. The company's stock had a trading volume of 5,933 shares, compared to its average volume of 6,387. The company has a market cap of $91.80 million, a price-to-earnings ratio of -50.21 and a beta of 0.24. Bogota Financial has a one year low of $6.40 and a one year high of $8.66. The business has a fifty day moving average price of $7.56 and a 200-day moving average price of $7.82. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09.
Bogota Financial (NASDAQ:BSBK - Get Free Report) last released its quarterly earnings data on Friday, February 14th. The company reported ($0.07) EPS for the quarter. Bogota Financial had a negative net margin of 4.53% and a negative return on equity of 1.43%. The company had revenue of $2.92 million during the quarter.
About Bogota Financial
(
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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