Bogota Financial (NASDAQ:BSBK) Stock Price Down 0.4% – Here’s Why

Shares of Bogota Financial Corp. (NASDAQ:BSBK) dropped 0.4% during trading on Thursday . The company traded as low as $7.50 and last traded at $7.50. Approximately 468 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 6,684 shares. The stock had previously closed at $7.53.

Bogota Financial Stock Performance

The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. The company has a market cap of $99.37 million, a PE ratio of -47.50 and a beta of 0.52. The firm’s 50-day simple moving average is $7.97 and its two-hundred day simple moving average is $7.62.

Institutional Investors Weigh In On Bogota Financial

A hedge fund recently raised its stake in Bogota Financial stock. Geode Capital Management LLC raised its position in shares of Bogota Financial Corp. (NASDAQ:BSBK) by 17.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,904 shares of the company’s stock after purchasing an additional 7,385 shares during the quarter. Geode Capital Management LLC owned 0.37% of Bogota Financial worth $406,000 at the end of the most recent reporting period. 11.63% of the stock is currently owned by institutional investors and hedge funds.

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.