Bancorp 34 Inc (NASDAQ:BCTF) Short Interest Down 62.3% in March

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Bancorp 34 Inc (NASDAQ:BCTF) was the target of a large decrease in short interest in the month of March. As of March 13th, there was short interest totalling 2,000 shares, a decrease of 62.3% from the February 27th total of 5,300 shares. Based on an average trading volume of 2,000 shares, the short-interest ratio is currently 1.0 days. Approximately 0.1% of the company’s shares are short sold.

An institutional investor recently bought a new position in Bancorp 34 stock. FMR LLC acquired a new position in shares of Bancorp 34 Inc (NASDAQ:BCTF) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,492 shares of the financial services provider’s stock, valued at approximately $53,000. FMR LLC owned 0.11% of Bancorp 34 at the end of the most recent reporting period. Institutional investors and hedge funds own 15.78% of the company’s stock.

Separately, ValuEngine lowered shares of Bancorp 34 from a “hold” rating to a “sell” rating in a report on Tuesday, March 17th.

Shares of BCTF stock opened at $10.97 on Friday. The firm has a market cap of $35.27 million, a P/E ratio of 109.70 and a beta of 0.68. Bancorp 34 has a 1-year low of $9.12 and a 1-year high of $16.00. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.05 and a quick ratio of 1.05. The firm’s 50-day simple moving average is $14.06 and its 200-day simple moving average is $14.83.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.20 annualized dividend and a dividend yield of 1.82%.

Bancorp 34 Company Profile

Bancorp 34, Inc operates as the holding company for Bank 34 that offers various banking services to individuals and businesses in the United States. It accepts various deposit products, such as savings accounts, checking accounts, money market accounts, demand deposits, NOW accounts, and certificates of deposit, as well as commercial checking accounts and related services, including online cash management.

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