Bogota Financial (NASDAQ:BSBK) Posts Quarterly Earnings Results

Bogota Financial (NASDAQ:BSBK) announced its earnings results on Friday. The company reported $0.05 EPS for the quarter, FiscalAI reports. Bogota Financial had a net margin of 1.08% and a return on equity of 0.35%. The business had revenue of $4.51 million during the quarter.

Bogota Financial Stock Up 1.5%

BSBK opened at $8.58 on Friday. The stock has a market cap of $111.27 million, a price-to-earnings ratio of 50.47 and a beta of 0.21. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s fifty day moving average is $8.43 and its 200 day moving average is $8.68. Bogota Financial has a fifty-two week low of $6.59 and a fifty-two week high of $9.50.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Bogota Financial in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Institutional Trading of Bogota Financial

A hedge fund recently raised its stake in Bogota Financial stock. Renaissance Technologies LLC boosted its stake in shares of Bogota Financial Corporation (NASDAQ:BSBK) by 5.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,551 shares of the company’s stock after acquiring an additional 1,700 shares during the period. Renaissance Technologies LLC owned 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.

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.