Bogota Financial (NASDAQ:BSBK) Stock Price Down 0.1% - Should You Sell?

Key Points

• Bogota Financial Corporation (NASDAQ: BSBK) saw its stock price decline by 0.1%, closing at $8.15, with trading volume down by 41% compared to the average.
• The company reported $0.06 earnings per share for the last quarter, with total revenue of $4.48 million despite a negative return on equity of 0.57%.
• Northern Trust Corp increased its stake in Bogota Financial by 63.3%, holding approximately 0.20% of the company, while institutional investors own 11.63% of the stock.

Shares of Bogota Financial Corporation (NASDAQ:BSBK - Get Free Report) were down 0.1% during trading on Tuesday . The company traded as low as $8.09 and last traded at $8.15. Approximately 3,023 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 5,161 shares. The stock had previously closed at $8.16.

Bogota Financial Stock Performance

The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $105.78 million, a price-to-earnings ratio of -162.59 and a beta of 0.14. The company's fifty day simple moving average is $7.66 and its two-hundred day simple moving average is $7.55.

Bogota Financial (NASDAQ:BSBK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $4.48 million during the quarter. Bogota Financial had a negative return on equity of 0.57% and a negative net margin of 1.75%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Bogota Financial stock. Northern Trust Corp increased its holdings in shares of Bogota Financial Corporation (NASDAQ:BSBK - Free Report) by 63.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,708 shares of the company's stock after purchasing an additional 9,963 shares during the quarter. Northern Trust Corp owned approximately 0.20% of Bogota Financial worth $193,000 as of its most recent SEC filing. Institutional investors and hedge funds own 11.63% of the company's stock.

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.