Bogota Financial (NASDAQ:BSBK) Shares Down 0.4% – Here’s What Happened

Bogota Financial Corp. (NASDAQ:BSBK)’s stock price was down 0.4% during mid-day trading on Monday . The stock traded as low as $6.96 and last traded at $6.97. Approximately 592 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 6,196 shares. The stock had previously closed at $7.00.

Bogota Financial Stock Performance

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 50 day moving average price of $7.27 and a two-hundred day moving average price of $7.70. The company has a market capitalization of $91.02 million, a P/E ratio of -49.78 and a beta of 0.12.

Bogota Financial (NASDAQ:BSBK) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.06 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 $4.48 million for the quarter.

Institutional Investors Weigh In On Bogota Financial

Several large investors have recently made changes to their positions in BSBK. Northern Trust Corp lifted its holdings in Bogota Financial by 63.3% during 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 last quarter. Geode Capital Management LLC increased its holdings in shares of Bogota Financial by 17.8% during the third 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 in the last quarter. Finally, M3F Inc. increased its holdings in shares of Bogota Financial by 0.3% during the fourth quarter. M3F Inc. now owns 496,605 shares of the company’s stock worth $3,725,000 after buying an additional 1,619 shares in the last quarter. Institutional investors own 11.63% of the company’s stock.

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.