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

Bogota Financial (NASDAQ:BSBK) announced its quarterly earnings results 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. The business had revenue of $4.50 million during the quarter, compared to the consensus estimate of $4.75 million. Bogota Financial had a net margin of 4.72% and a return on equity of 1.47%.

Bogota Financial Stock Performance

Shares of NASDAQ BSBK traded down $0.04 during trading on Friday, reaching $8.99. 1,780 shares of the stock traded hands, compared to its average volume of 9,042. The stock has a market capitalization of $115.62 million, a P/E ratio of 52.91 and a beta of 0.14. The company has a 50-day moving average of $8.94 and a 200-day moving average of $8.64. Bogota Financial has a 52-week low of $8.10 and a 52-week high of $9.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 1.02.

Institutional Investors Weigh In On Bogota Financial

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

Analyst Upgrades and Downgrades

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

Bogota Financial Company Profile

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.