Bogota Financial (NASDAQ:BSBK) Trading 0.3% Higher - What's Next?

Bogota Financial Corp. (NASDAQ:BSBK - Get Free Report)'s stock price was up 0.3% during mid-day trading on Thursday . The stock traded as high as $7.92 and last traded at $7.67. Approximately 9,133 shares traded hands during trading, an increase of 33% from the average daily volume of 6,877 shares. The stock had previously closed at $7.64.

Bogota Financial Stock Performance

The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. The business has a 50 day moving average price of $7.86 and a 200 day moving average price of $7.91. The stock has a market cap of $100.55 million, a P/E ratio of -54.92 and a beta of 0.49.

Bogota Financial (NASDAQ:BSBK - Get Free Report) last announced 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 business had revenue of $2.92 million during the quarter.

Institutional Investors Weigh In On Bogota Financial

Large investors have recently added to or reduced their stakes in the stock. Northern Trust Corp raised its stake in shares of Bogota Financial by 63.3% during the fourth quarter. Northern Trust Corp now owns 25,708 shares of the company's stock valued at $193,000 after acquiring an additional 9,963 shares in the last quarter. M3F Inc. increased its holdings in Bogota Financial by 0.3% during 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 during the period. Finally, Geode Capital Management LLC increased its holdings in Bogota Financial by 17.8% during the 3rd quarter. Geode Capital Management LLC now owns 48,904 shares of the company's stock worth $406,000 after purchasing an additional 7,385 shares during the period. 11.63% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Bogota Financial Company Profile

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.