Donald Smith & CO. Inc. Buys Shares of 682,280 Bogota Financial Corporation $BSBK

Donald Smith & CO. Inc. bought a new position in Bogota Financial Corporation (NASDAQ:BSBK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 682,280 shares of the company’s stock, valued at approximately $13,054,000. Donald Smith & CO. Inc. owned about 5.31% of Bogota Financial at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Bogota Financial in the 2nd quarter valued at approximately $142,000. Vanguard Group Inc. increased its holdings in shares of Bogota Financial by 4.7% during the third quarter. Vanguard Group Inc. now owns 188,608 shares of the company’s stock worth $1,741,000 after buying an additional 8,517 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Bogota Financial by 5.9% in the 4th quarter. Renaissance Technologies LLC now owns 30,551 shares of the company’s stock valued at $258,000 after acquiring an additional 1,700 shares during the last quarter. 11.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Bogota Financial Price Performance

Shares of NASDAQ:BSBK opened at $9.22 on Friday. The firm has a market cap of $117.65 million, a PE ratio of 43.90 and a beta of 0.14. The firm’s fifty day moving average is $9.06 and its 200-day moving average is $8.70. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 0.99. Bogota Financial Corporation has a 52 week low of $8.10 and a 52 week high of $9.55.

Bogota Financial (NASDAQ:BSBK) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.03). The business had revenue of $4.50 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 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.