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Bogota Financial (NASDAQ:BSBK) Posts Quarterly Earnings Results

Bogota Financial logo with Finance background
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Key Points

  • Bogota Financial (BSBK) reported quarterly earnings of $0.06 EPS, with a net margin of 4.67% and a return on equity of 1.50%.
  • Shares traded down to $8.39 mid-day (52-week range $6.82–$9.50); the company has a market cap of $108.4 million and a P/E of 49.35.
  • Renaissance Technologies increased its stake to 30,551 shares, and analysts maintain a consensus "Hold" rating on the stock.
  • MarketBeat previews the top five stocks to own by June 1st.

Bogota Financial (NASDAQ:BSBK - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.06 earnings per share for the quarter, Zacks reports. Bogota Financial had a net margin of 4.67% and a return on equity of 1.50%.

Bogota Financial Stock Performance

Shares of BSBK traded down $0.01 during mid-day trading on Wednesday, hitting $8.39. The stock had a trading volume of 9,500 shares, compared to its average volume of 5,679. Bogota Financial has a fifty-two week low of $6.82 and a fifty-two week high of $9.50. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.59. The company has a market cap of $108.40 million, a PE ratio of 49.35 and a beta of 0.15. The company's fifty day simple moving average is $8.43 and its two-hundred day simple moving average is $8.45.

Hedge Funds Weigh In On Bogota Financial

A hedge fund recently raised its stake in Bogota Financial stock. Renaissance Technologies LLC increased its stake in Bogota Financial Corporation (NASDAQ:BSBK - Free Report) by 5.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,551 shares of the company's stock after purchasing an additional 1,700 shares during the period. Renaissance Technologies LLC owned 0.24% of Bogota Financial worth $258,000 at the end of the most recent reporting period. Institutional investors own 11.63% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "hold (c-)" rating on shares of Bogota Financial in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold".

Get Our Latest Analysis on Bogota Financial

About Bogota Financial

(Get Free Report)

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.

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Earnings History for Bogota Financial (NASDAQ:BSBK)

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