Bogota Financial (NASDAQ:BSBK) Stock Price Down 0.1% – What’s Next?

Bogota Financial Corp. (NASDAQ:BSBK)’s stock price was down 0.1% during mid-day trading on Thursday . The company traded as low as $7.78 and last traded at $8.05. Approximately 3,548 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 5,208 shares. The stock had previously closed at $8.05.

Bogota Financial Price Performance

The stock has a fifty day moving average price of $7.82 and a 200-day moving average price of $7.83. The firm has a market capitalization of $104.04 million, a PE ratio of -56.85 and a beta of 0.54. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08.

Bogota Financial (NASDAQ:BSBK) last announced its quarterly earnings results on Friday, February 14th. The company reported ($0.07) earnings per share (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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. M3F Inc. grew its stake 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 buying an additional 1,619 shares during the last quarter. Geode Capital Management LLC grew its stake 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 buying an additional 7,385 shares during the last quarter. Finally, Northern Trust Corp grew its stake 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 buying an additional 9,963 shares during the last quarter. 11.63% of the stock is currently owned by hedge funds and other institutional investors.

About Bogota Financial

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.