Bogota Financial (NASDAQ:BSBK) Shares Up 0.5% - Should You Buy?

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.

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

Bogota Financial Trading Up 3.3%

The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.77. The company's fifty day moving average is $8.19 and its 200-day moving average is $7.65. The firm has a market capitalization of $121.50 million, a P/E ratio of -933,900.00 and a beta of 0.17.

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

Institutional Trading of Bogota Financial

A hedge fund recently raised its stake in Bogota Financial stock. Northern Trust Corp raised its stake in Bogota Financial Corporation (NASDAQ:BSBK - Free Report) by 63.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,708 shares of the company's stock after purchasing an additional 9,963 shares during the period. Northern Trust Corp owned approximately 0.20% of Bogota Financial worth $193,000 as of its most recent SEC filing. 11.63% of the stock is owned by institutional investors and hedge funds.

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.