Bogota Financial (NASDAQ:BSBK) Trading Down 0.5% – Time to Sell?

Bogota Financial Corporation (NASDAQ:BSBK) shares were down 0.5% on Monday . The stock traded as low as $8.27 and last traded at $8.71. Approximately 6,522 shares were traded during trading, a decline of 32% from the average daily volume of 9,641 shares. The stock had previously closed at $8.75.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Bogota Financial in a research report on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Bogota Financial Stock Performance

The company has a 50-day moving average price of $8.45 and a two-hundred day moving average price of $8.54. The stock has a market capitalization of $111.75 million, a P/E ratio of 50.88 and a beta of 0.17. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 0.59.

Bogota Financial (NASDAQ:BSBK) last announced its quarterly earnings results on Friday, February 13th. The company reported $0.05 earnings per share for the quarter. The firm had revenue of $4.51 million for the quarter. Bogota Financial had a return on equity of 1.50% and a net margin of 4.67%.

Institutional Investors Weigh In On Bogota Financial

A hedge fund recently raised its stake in Bogota Financial stock. Vanguard Group Inc. raised its stake in shares of Bogota Financial Corporation (NASDAQ:BSBK) by 4.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 188,608 shares of the company’s stock after purchasing an additional 8,517 shares during the quarter. Vanguard Group Inc. owned 1.45% of Bogota Financial worth $1,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 11.63% of the company’s stock.

About Bogota Financial

Bogota Financial Corp (NASDAQ: BSBK) is the bank holding company for Bogota Savings Bank, a New Jersey-chartered savings institution headquartered in Bogota, New Jersey. As a community-focused financial services provider, the company offers a range of deposit, lending and cash management solutions tailored to individuals, small businesses and commercial clients in Bergen County and surrounding areas.

The company’s deposit portfolio includes checking and savings accounts, money market deposit accounts, certificates of deposit and individual retirement accounts.