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Bogota Financial (NASDAQ:BSBK) Stock Price Up 0.5% - Still a Buy?

Bogota Financial logo with Finance background

Key Points

  • Bogota Financial's shares increased by 0.5%, trading at $9.11 after reaching a high of $9.23 during mid-day trading.
  • The company reported a quarterly earnings of $0.02 per share, along with negative return on equity of 0.09% and a negative net margin of 0.27%.
  • Institutional investors have shown increased interest, with Northern Trust Corp raising its stake in Bogota Financial by 63.3% during the fourth quarter.
  • Interested in Bogota Financial? Here are five stocks we like better.

Bogota Financial Corporation (NASDAQ:BSBK - Get Free Report)'s stock price rose 0.5% during mid-day trading on Wednesday . The stock traded as high as $9.23 and last traded at $9.11. Approximately 626 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 10,077 shares. The stock had previously closed at $9.06.

Bogota Financial Price Performance

The company has a 50-day simple moving average of $8.26 and a 200-day simple moving average of $7.67. The stock has a market cap of $120.99 million, a PE ratio of -930,000.00 and a beta of 0.17. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.07 and a quick ratio of 1.07.

Bogota Financial (NASDAQ:BSBK - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.02 earnings per share (EPS) for the quarter. Bogota Financial had a negative return on equity of 0.09% and a negative net margin of 0.27%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Bogota Financial stock. Northern Trust Corp grew its position in Bogota Financial Corporation (NASDAQ:BSBK - Free Report) by 63.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,708 shares of the company's stock after buying an additional 9,963 shares during the quarter. Northern Trust Corp owned 0.20% of Bogota Financial worth $193,000 at the end of the most recent quarter. 11.63% of the stock is currently owned by hedge funds and other institutional investors.

Bogota Financial Company Profile

(Get Free Report)

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.

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