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

Bogota Financial Corp. (NASDAQ:BSBK) shares rose 0.3% during trading on Thursday . The stock traded as high as $7.92 and last traded at $7.67. Approximately 9,133 shares changed hands during mid-day 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 Up 2.9 %

The firm’s 50-day moving average is $7.86 and its 200 day moving average is $7.90. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market capitalization of $102.38 million, a P/E ratio of -55.92 and a beta of 0.49.

Bogota Financial (NASDAQ:BSBK) last issued its quarterly earnings results on Friday, February 14th. The company reported ($0.07) 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 Investors Weigh In On Bogota Financial

A number of institutional investors and hedge funds have recently modified their holdings of the company. M3F Inc. raised its holdings in shares of Bogota Financial by 0.3% in the 4th quarter. M3F Inc. now owns 496,605 shares of the company’s stock valued at $3,725,000 after purchasing an additional 1,619 shares during the period. Geode Capital Management LLC raised its holdings in shares of 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. Finally, Northern Trust Corp raised its holdings in shares of Bogota Financial by 63.3% in the 4th quarter. Northern Trust Corp now owns 25,708 shares of the company’s stock valued at $193,000 after purchasing an additional 9,963 shares during the period. 11.63% of the stock is owned by 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.