Bogota Financial (NASDAQ:BSBK) Stock Price Up 0.3% – Here’s What Happened

Bogota Financial Corp. (NASDAQ:BSBK)’s stock price was up 0.3% during mid-day trading on Thursday . The company traded as high as $7.92 and last traded at $7.67. Approximately 9,133 shares changed 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 stock’s 50-day simple moving average is $7.86 and its 200-day simple moving average is $7.90. The stock has a market cap of $102.38 million, a price-to-earnings ratio of -55.92 and a beta of 0.49. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09.

Bogota Financial (NASDAQ:BSBK) last announced its earnings results on Friday, February 14th. The company reported ($0.07) earnings per share (EPS) for the quarter. Bogota Financial had a negative return on equity of 1.43% and a negative net margin of 4.53%. The business had revenue of $2.92 million for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 7,385 shares during the period. Northern Trust Corp lifted its holdings in shares of 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 acquiring an additional 9,963 shares during the period. Finally, M3F Inc. lifted its holdings in shares of 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 acquiring an additional 1,619 shares during the period. Institutional investors and hedge funds own 11.63% of the company’s stock.

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.