Bogota Financial (NASDAQ:BSBK) Issues Earnings Results

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

Bogota Financial Trading Up 1.1%

Shares of BSBK traded up $0.10 during trading hours on Friday, hitting $8.55. The company had a trading volume of 871 shares, compared to its average volume of 1,782. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. The stock’s 50 day moving average price is $8.42 and its 200 day moving average price is $8.68. The firm has a market cap of $110.83 million, a P/E ratio of 170.93 and a beta of 0.21. Bogota Financial has a 52-week low of $6.59 and a 52-week high of $9.50.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Bogota Financial in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Bogota Financial

A hedge fund recently raised its stake in Bogota Financial stock. Vanguard Group Inc. raised 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 13F filing with the Securities and Exchange Commission. The firm owned 188,608 shares of the company’s stock after purchasing an additional 8,517 shares during the quarter. Vanguard Group Inc. owned approximately 1.45% of Bogota Financial worth $1,741,000 at the end of the most recent reporting period. 11.63% of the stock is currently owned by hedge funds and other institutional investors.

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.