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

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

Bogota Financial Stock Performance

The company has a 50 day moving average of $7.98 and a two-hundred day moving average of $7.62. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $98.06 million, a PE ratio of -46.88 and a beta of 0.52.

Institutional Investors Weigh In On Bogota Financial

A hedge fund recently raised its stake in Bogota Financial stock. Geode Capital Management LLC lifted its stake in Bogota Financial Corp. (NASDAQ:BSBK) by 17.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,904 shares of the company’s stock after purchasing an additional 7,385 shares during the quarter. Geode Capital Management LLC owned about 0.37% of Bogota Financial worth $406,000 as of its most recent filing with the Securities & Exchange Commission. 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.