Bogota Financial (NASDAQ:BSBK) Announces Earnings Results

Bogota Financial (NASDAQ:BSBK) released its quarterly earnings data on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.03), Zacks reports. 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 up $0.18 during mid-day trading on Thursday, reaching $9.04. 2,035 shares of the company were exchanged, compared to its average volume of 9,094. The stock has a market capitalization of $116.16 million, a P/E ratio of 53.18 and a beta of 0.14. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. The company’s 50-day simple moving average is $8.93 and its 200-day simple moving average is $8.63. Bogota Financial has a twelve month low of $8.10 and a twelve month high of $9.50.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Bogota Financial in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Bogota Financial currently has an average rating of “Hold”.

Institutional Investors Weigh In On Bogota Financial

A hedge fund recently raised its stake in Bogota Financial stock. Renaissance Technologies LLC raised its position in shares of Bogota Financial Corporation (NASDAQ:BSBK) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,551 shares of the company’s stock after acquiring an additional 1,700 shares during the period. 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.

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.