Bogota Financial (NASDAQ:BSBK) Posts Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Bogota Financial (NASDAQ:BSBK) issued its earnings results on Friday. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.05), FiscalAI reports. Bogota Financial had a net margin of 6.00% and a return on equity of 1.83%. The firm had revenue of $4.81 million during the quarter, compared to analysts’ expectations of $4.50 million.

Bogota Financial Price Performance

NASDAQ:BSBK traded down $0.10 during trading hours on Friday, hitting $9.13. The company’s stock had a trading volume of 6,799 shares, compared to its average volume of 8,323. The business’s 50-day moving average is $9.14 and its two-hundred day moving average is $8.79. The company has a market capitalization of $116.50 million, a PE ratio of 43.48 and a beta of 0.14. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 0.99. Bogota Financial has a 52-week low of $8.10 and a 52-week high of $9.55.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Bogota Financial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 16th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

About Bogota Financial

Bogota Financial Corp. is the holding company for Bogota Savings Bank, a community banking institution headquartered in Bogota, New Jersey. The bank serves individuals, families, businesses and nonprofit organizations primarily in northern New Jersey.

Bogota Savings Bank offers a range of traditional banking products, including checking and savings accounts, certificates of deposit, money market accounts and retirement savings products. Its lending activities include residential mortgages, home equity loans and lines of credit, commercial real estate loans, business loans and consumer financing.

Founded in 1893, Bogota Savings Bank has a long history of serving local communities through branch banking and electronic banking services.