Bogota Financial (NASDAQ:BSBK) Issues Earnings Results, Misses Estimates By $0.03 EPS

Bogota Financial (NASDAQ:BSBK) issued its quarterly earnings results 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 Up 2.0%

Shares of NASDAQ:BSBK traded up $0.18 during midday trading on Thursday, hitting $9.04. The stock had a trading volume of 2,035 shares, compared to its average volume of 9,094. The company has a market cap of $116.16 million, a P/E ratio of 53.18 and a beta of 0.14. Bogota Financial has a 12 month low of $8.10 and a 12 month high of $9.50. The business’s 50-day simple moving average is $8.93 and its 200-day simple moving average is $8.63. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.48.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Bogota Financial stock. Vanguard Group Inc. lifted its position in shares of Bogota Financial Corporation (NASDAQ:BSBK) by 4.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 188,608 shares of the company’s stock after purchasing an additional 8,517 shares during the period. Vanguard Group Inc. owned 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 hedge funds and other institutional investors.

Analysts Set New Price Targets

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