Bogota Financial (NASDAQ:BSBK) Issues Earnings Results, Hits Estimates

Bogota Financial (NASDAQ:BSBK – Get Rating) posted its quarterly earnings data on Wednesday. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12, Fidelity Earnings reports. Bogota Financial had a net margin of 19.27% and a return on equity of 4.11%.

Bogota Financial Stock Up 0.5 %

Shares of NASDAQ:BSBK traded up $0.05 during trading on Thursday, reaching $11.12. 948 shares of the company traded hands, compared to its average volume of 6,267. The firm has a fifty day simple moving average of $11.12 and a 200 day simple moving average of $10.69. The firm has a market cap of $162.69 million, a P/E ratio of 27.12 and a beta of 0.77. Bogota Financial has a 1-year low of $9.95 and a 1-year high of $11.29. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.54.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered shares of Bogota Financial from a “b+” rating to a “c” rating in a research note on Tuesday, July 19th.

Institutional Investors 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 Corp. (NASDAQ:BSBK – Get Rating) by 1.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 166,764 shares of the company’s stock after buying an additional 3,058 shares during the period. Vanguard Group Inc. owned about 1.15% of Bogota Financial worth $1,787,000 as of its most recent SEC filing. 20.15% of the stock is currently owned by institutional investors.

About Bogota Financial

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Bogota Financial Corp. operates as the bank holding company for Bogota Savings Bank that provides banking products and services in the United States. It offers deposit accounts, including demand accounts, savings accounts, money market accounts, and certificate of deposit accounts. The company also provides one-to four-family residential real estate loans, and commercial real estate and multi-family loans, as well as consumer loans, such as home equity loans and lines of credit, commercial and industrial loans, and construction loans; and buys, sells, and holds investment securities.