Bogota Financial (NASDAQ:BSBK) Releases Quarterly Earnings Results

Bogota Financial (NASDAQ:BSBK) announced its quarterly earnings data on Wednesday. The company reported $0.06 earnings per share for the quarter, Zacks reports. The business had revenue of $4.75 million for the quarter. Bogota Financial had a net margin of 4.72% and a return on equity of 1.48%.

Bogota Financial Stock Down 1.6%

Shares of NASDAQ BSBK traded down $0.13 during midday trading on Friday, reaching $8.42. 10,062 shares of the company’s stock were exchanged, compared to its average volume of 5,875. Bogota Financial has a 52-week low of $6.82 and a 52-week high of $9.50. The stock has a market capitalization of $108.73 million, a PE ratio of 49.51 and a beta of 0.15. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02. The business’s fifty day moving average price is $8.43 and its two-hundred day moving average price is $8.45.

Institutional Trading of Bogota Financial

An institutional investor recently raised its position in Bogota Financial stock. Vanguard Group Inc. boosted its position in Bogota Financial Corporation (NASDAQ:BSBK) by 4.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,608 shares of the company’s stock after buying an additional 8,517 shares during the quarter. Vanguard Group Inc. owned approximately 1.45% of Bogota Financial worth $1,741,000 at the end of the most recent quarter. 11.63% of the stock is currently owned by hedge funds and other institutional investors.

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, Based on data from MarketBeat, Bogota Financial currently has a consensus rating of “Hold”.

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.