Bogota Financial (NASDAQ:BSBK – Get Free Report) announced its earnings results on Friday. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05), FiscalAI reports. Bogota Financial had a net margin of 6.00% and a return on equity of 1.83%. The business had revenue of $4.81 million during the quarter, compared to analyst estimates of $4.50 million.
Bogota Financial Stock Down 1.1%
Shares of NASDAQ BSBK opened at $9.13 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.99 and a quick ratio of 0.99. The company has a 50-day moving average price of $9.13 and a 200-day moving average price of $8.79. The stock has a market capitalization of $116.51 million, a P/E ratio of 43.48 and a beta of 0.14. Bogota Financial has a 1 year low of $8.10 and a 1 year high of $9.55.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings lowered shares of Bogota Financial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 16th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.
Check Out Our Latest Stock Analysis on Bogota Financial
Bogota Financial Company Profile
Bogota Financial Corp. is the holding company for Bogota Savings Bank, a community banking institution headquartered in Bogota, New Jersey. The bank serves individuals, families, businesses and nonprofit organizations primarily in northern New Jersey.
Bogota Savings Bank offers a range of traditional banking products, including checking and savings accounts, certificates of deposit, money market accounts and retirement savings products. Its lending activities include residential mortgages, home equity loans and lines of credit, commercial real estate loans, business loans and consumer financing.
Founded in 1893, Bogota Savings Bank has a long history of serving local communities through branch banking and electronic banking services.
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