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Bogota Financial Corp. - $BSBK STOCK NEWS

Welcome to our dedicated page for Bogota Financial news (Ticker: $BSBK), a resource for investors and traders seeking the latest updates and insights on Bogota Financial stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Bogota Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Bogota Financial's position in the market.

Rhea-AI Summary

Bogota Financial Corp. reported a net loss of $441,000 for the three months ended March 31, 2024, compared to a net income of $993,000 for the same period in the prior year. Total assets increased to $961.2 million, with growth in securities and deposits. However, net loans decreased, impacting the overall financial performance.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.49%
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none
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Rhea-AI Summary
Bogota Financial Corp. has adopted its fifth stock repurchase program and received regulatory approval to repurchase up to 237,090 shares of its common stock, representing approximately 5% of its outstanding common stock. The program allows for repurchases through various methods and has no set expiration date. The decision to repurchase shares will be based on multiple factors, including market conditions and the company's financial performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.04%
Tags
buyback
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Rhea-AI Summary
Bogota Financial Corp. (NASDAQ: BSBK) reported a net loss of $1.2 million for Q4 2023, compared to a net income of $1.9 million for the same period in 2022. Total assets decreased by 1.2% to $939.3 million. The Bank announced a regulatory approval for the repurchase of up to 249,920 shares of its common stock. The company's net interest margin decreased to 1.35% for Q4 2023 from 2.68% for Q4 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
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none
Rhea-AI Summary
Bogota Financial Corp. (Nasdaq: BSBK) announced the retirement of Joseph Coccaro as Director and President and CEO of the parent company, effective November 30, 2023. Kevin Pace, the current Executive Vice President and Chief Risk Officer, will succeed as the new CEO. The company expressed gratitude for Coccaro's leadership and highlighted Pace's commitment to increasing long-term shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.01%
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none
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Rhea-AI Summary
Bogota Financial Corp. reported a net loss of $29,000 for Q3 2023, compared to a net income of $1.9 million in Q3 2022. The company's total assets decreased by $24.1 million, or 2.5%, to $927.0 million. Cash and cash equivalents increased by $8.1 million, while securities decreased by $28.1 million. Net loans decreased by $8.7 million. Total deposits decreased by $56.1 million, primarily due to a decrease in non-interest-bearing deposits. The company has repurchased all shares under its stock repurchase program. The annualized return on average assets decreased to 0.26% from 0.76% in the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.97%
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Rhea-AI Summary
Bogota Financial Corp. reports net income of $857,000 for Q2 2023, compared to $1.6 million in Q2 2022. Total assets decreased by $20.1 million. The company has completed the repurchase of all shares under its stock repurchase program. Total deposits decreased by $44.9 million. The average rate paid on deposits increased by 90 basis points. Annualized return on average assets decreased to 0.40% for the six-month period ended June 30, 2023. The company is opening a new branch in Upper Saddle River, NJ.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.33%
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.56%
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buyback
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Rhea-AI Sentiment
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-0.17%
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Rhea-AI Sentiment
End-of-Day
-0.09%
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Bogota Financial Corp.

Nasdaq:BSBK

BSBK Rankings

BSBK Stock Data

87.42M
3.90M
67.34%
7.92%
0.07%
Savings Institutions
Finance and Insurance
Link
United States of America
TEANECK

About BSBK

about bogota savings bank bogota savings bank has been a financial cornerstone in the foundation of two new jersey communities, bogota and teaneck for over 120 years. we are an established community bank offering traditional deposit programs such as savings, checking and certificate of deposits. we also specialize in residential, commercial mortgage and multi-family lending. with a philanthropic spirit, we take great pride in offering time and resources for area programs like shelter our sisters, habitat for humanity, united way, children’s aid and family services, high school scholarships and more. bogota savings bank is a successful community partner helping our neighbors and local businesses financially thrive and prosper. we’re proud of the trust we’ve built with generations of families over our 120 year history. that trust is rooted in a unique blend of old-fashioned customer service, new emerging technologies, quality products and open dialogue. our commitment to open communicat