Bogota Financial (NASDAQ:BSBK) Shares Down 0.5% – Should You Sell?

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

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bogota Financial in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Bogota Financial Stock Performance

The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 0.59. The stock has a market cap of $112.53 million, a price-to-earnings ratio of 51.24 and a beta of 0.17. The company has a 50 day simple moving average of $8.45 and a 200 day simple moving average of $8.54.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Bogota Financial stock. Vanguard Group Inc. grew its holdings 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. The institutional investor owned 188,608 shares of the company’s stock after acquiring an additional 8,517 shares during the quarter. Vanguard Group Inc. owned 1.45% of Bogota Financial worth $1,741,000 at the end of the most recent quarter. 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.