Bogota Financial (NASDAQ:BSBK) Announces Earnings Results

Bogota Financial (NASDAQ:BSBK) posted its earnings results on Wednesday. The company reported $0.06 EPS for the quarter, Zacks reports. Bogota Financial had a net margin of 4.67% and a return on equity of 1.50%.

Bogota Financial Price Performance

BSBK stock traded down $0.01 during trading on Wednesday, hitting $8.39. The company had a trading volume of 9,500 shares, compared to its average volume of 8,919. The firm has a market capitalization of $108.40 million, a price-to-earnings ratio of 49.35 and a beta of 0.15. The business has a 50 day moving average of $8.43 and a 200 day moving average of $8.45. Bogota Financial has a fifty-two week low of $6.82 and a fifty-two week high of $9.50. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bogota Financial in a report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus 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 holdings in Bogota Financial Corporation (NASDAQ:BSBK) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,551 shares of the company’s stock after acquiring an additional 1,700 shares during the quarter. Renaissance Technologies LLC owned 0.24% of Bogota Financial worth $258,000 as of its most recent filing with the Securities and Exchange Commission. 11.63% of the stock is owned by institutional investors and hedge funds.

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.