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

Bogota Financial (NASDAQ:BSBK) issued its quarterly earnings data 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 company had revenue of $4.50 million for the quarter, compared to analysts’ expectations of $3.84 billion. Bogota Financial had a return on equity of 1.83% and a net margin of 6.00%.

Bogota Financial Stock Up 0.1%

BSBK stock opened at $9.05 on Friday. The company has a market cap of $116.29 million, a price-to-earnings ratio of 43.10 and a beta of 0.14. The company has a fifty day moving average price of $8.95 and a 200 day moving average price of $8.64. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 1.02. Bogota Financial has a 12 month low of $8.10 and a 12 month high of $9.50.

Institutional Investors Weigh In On Bogota Financial

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

Wall Street Analyst Weigh In

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