Bogota Financial (NASDAQ:BSBK) Posts Earnings Results, Misses Expectations By $0.03 EPS

Bogota Financial (NASDAQ:BSBKGet Free Report) issued its quarterly earnings data on Thursday. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.03), Zacks reports. Bogota Financial had a return on equity of 1.47% and a net margin of 4.72%.

Bogota Financial Price Performance

Shares of BSBK traded up $0.18 during trading hours on Thursday, hitting $9.04. 2,035 shares of the company were exchanged, compared to its average volume of 9,094. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. Bogota Financial has a fifty-two week low of $8.10 and a fifty-two week high of $9.50. The company has a market cap of $116.16 million, a price-to-earnings ratio of 53.18 and a beta of 0.14. The firm’s fifty day moving average is $8.94 and its 200 day moving average is $8.64.

Institutional Investors Weigh In On Bogota Financial

An institutional investor recently raised its stake in Bogota Financial stock. Renaissance Technologies LLC increased its stake in shares of Bogota Financial Corporation (NASDAQ:BSBKFree Report) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,551 shares of the company’s stock after acquiring an additional 1,700 shares during the quarter. Renaissance Technologies LLC owned approximately 0.24% of Bogota Financial worth $258,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 11.63% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Bogota Financial in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Get Our Latest Research Report on BSBK

About Bogota Financial

(Get Free Report)

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.

Further Reading

Earnings History for Bogota Financial (NASDAQ:BSBK)

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