Donald Smith & CO. Inc. Buys New Position in Bogota Financial Corporation $BSBK

Donald Smith & CO. Inc. bought a new stake in shares of 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. The institutional investor bought 682,280 shares of the company’s stock, valued at approximately $13,054,000. Donald Smith & CO. Inc. owned 0.05% of Bogota Financial as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Bogota Financial in the 2nd quarter worth approximately $142,000. Renaissance Technologies LLC boosted 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 purchasing an additional 1,700 shares during the last quarter. Finally, Vanguard Group Inc. increased its position 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 during the period. Institutional investors own 11.63% of the company’s stock.

Bogota Financial Trading Down 2.2%

Shares of BSBK stock opened at $9.22 on Friday. Bogota Financial Corporation has a fifty-two week low of $8.10 and a fifty-two week high of $9.55. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a 50 day simple moving average of $9.06 and a two-hundred day simple moving average of $8.70. The company has a market cap of $117.65 million, a P/E ratio of 43.90 and a beta of 0.14.

Bogota Financial (NASDAQ:BSBK) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The business had revenue of $4.50 million for 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%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Bogota Financial in a research note 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 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.