Bogota Financial Reports Quarterly Earnings Results

Bogota Financial (NASDAQ:BSBK) released its quarterly earnings results on Friday, revealing that the company recorded a loss of ($0.07) earnings per share (EPS) for the reported quarter. According to Zacks, this outcome indicates a challenging period for the financial institution. Additionally, Bogota Financial registered a negative net margin of 5.24% and a return on equity of -1.61%, both of which reflect the company's struggles in maintaining profitability.

Stock Performance Overview

On Friday, shares of NASDAQ BSBK experienced a slight uptick, rising by $0.12 to reach a trading price of $7.95. The trading volume stood at 3,039 shares, which is lower than its average trading volume of 5,165 shares. The market capitalization of Bogota Financial is approximately $103.91 million, with a price-to-earnings ratio of -49.69, indicating the company is currently not profitable. The stock has shown a beta of 0.54, suggesting lower volatility compared to the broader market. Over the past year, shares have fluctuated, hitting a low of $6.40 and a high of $8.66. Financial ratios such as a quick ratio and a current ratio both sit at 1.08, while the debt-to-equity ratio is measured at 1.09. The company's stock has a 50-day moving average price of $7.83 and a 200-day moving average price of $7.81.

About Bogota Financial

Bogota Financial Corp. serves as the bank holding company for Bogota Savings Bank, which provides a range of banking products and services across the United States. The bank offers diverse deposit accounts including demand accounts, savings accounts, money market accounts, and certificate of deposit accounts. Furthermore, it extends services related to one-to-four-family residential real estate loans, commercial real estate loans, and multi-family loans. Consumer loan options include home equity loans and lines of credit, as well as commercial and industrial loans and construction loans. Additionally, the company is involved in the buying, selling, and holding of investment securities.

Earnings, Stocks, Financial