Bogota Financial (NASDAQ:BSBK) Posts Earnings Results, Misses Estimates By $0.05 EPS

Bogota Financial (NASDAQ:BSBK) released its quarterly earnings results on Friday. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.05), FiscalAI reports. The firm had revenue of $4.81 million during the quarter, compared to the consensus estimate of $4.50 million. Bogota Financial had a return on equity of 1.83% and a net margin of 6.00%.

Bogota Financial Price Performance

NASDAQ:BSBK traded down $0.10 during midday trading on Friday, hitting $9.13. The company had a trading volume of 6,799 shares, compared to its average volume of 8,323. The company has a market capitalization of $116.50 million, a PE ratio of 43.48 and a beta of 0.14. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.36. Bogota Financial has a 52-week low of $8.10 and a 52-week high of $9.55. The stock’s fifty day moving average price is $9.14 and its 200-day moving average price is $8.79.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Bogota Financial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 16th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, Bogota Financial presently has an average rating of “Hold”.

About Bogota Financial

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.