Insider Buying: Bogota Financial Corp. (NASDAQ:BSBK) Director Buys 2,744 Shares of Stock

Bogota Financial Corp. (NASDAQ:BSBK) Director John J. Masterson acquired 2,744 shares of Bogota Financial stock in a transaction dated Wednesday, September 13th. The stock was purchased at an average price of $7.30 per share, for a total transaction of $20,031.20. Following the completion of the acquisition, the director now directly owns 140,064 shares in the company, valued at approximately $1,022,467.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Bogota Financial Stock Up 1.7 %

Shares of BSBK traded up $0.12 during midday trading on Friday, reaching $7.30. The stock had a trading volume of 1,448 shares, compared to its average volume of 9,522. Bogota Financial Corp. has a 1-year low of $7.11 and a 1-year high of $11.75. The company’s fifty day simple moving average is $8.03 and its two-hundred day simple moving average is $8.71. The company has a market cap of $98.35 million, a price-to-earnings ratio of 16.98 and a beta of 0.58. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.09 and a quick ratio of 1.09.

Bogota Financial (NASDAQ:BSBK) last announced its quarterly earnings results on Friday, July 28th. The company reported $0.07 EPS for the quarter. Bogota Financial had a net margin of 15.50% and a return on equity of 4.07%. The firm had revenue of $4.58 million for the quarter.

Institutional Investors Weigh In On Bogota Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley raised its stake in Bogota Financial by 46,177.8% during the 4th quarter. Morgan Stanley now owns 4,165 shares of the company’s stock worth $47,000 after acquiring an additional 4,156 shares in the last quarter. AlphaQ Advisors LLC acquired a new position in Bogota Financial in the fourth quarter valued at $132,000. Susquehanna International Group LLP increased its stake in Bogota Financial by 21.9% in the fourth quarter. Susquehanna International Group LLP now owns 12,511 shares of the company’s stock valued at $140,000 after purchasing an additional 2,248 shares during the period. Geode Capital Management LLC increased its stake in Bogota Financial by 19.7% in the second quarter. Geode Capital Management LLC now owns 36,849 shares of the company’s stock valued at $301,000 after purchasing an additional 6,074 shares during the period. Finally, Bank of America Corp DE increased its stake in Bogota Financial by 10.3% in the fourth quarter. Bank of America Corp DE now owns 27,584 shares of the company’s stock valued at $308,000 after purchasing an additional 2,584 shares during the period. 9.30% of the stock is currently owned by institutional investors and hedge funds.

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, as well as 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.