Bogota Financial Corp. (BSBK) Stock

Bogota Financial Corp. (BSBK) is a Financials stock trading at $9.10 (as of 2026-09-02), with a market capitalization of $116.13M and a trailing P/E of 44.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Bogota Financial Corp. operates as the bank holding company for Bogota Savings Bank that provides banking products and services in the United States. It offers deposit accounts, including demand accounts, savings accounts, money market accounts, and certificate of deposit accounts. The company also provides one-to four-family residential real estate loans, and commercial real estate and multi-family loans, as well as consumer loans, such as home equity loans and lines of credit, commercial and industrial loans, and construction loans; and buys, sells, and holds investment securities. It operates through various offices located in Bogota, Hasbrouck Heights, Newark, Oak Ridge, Parsippany, and Teaneck, as well as through a loan production office in Spring Lake, New Jersey. The company was founded in 1893 and is based in Teaneck, New Jersey. Bogota Financial Corp. operates as a subsidiary of Bogota Financial, MHC.

Understand Bogota Financial Corp.: how it makes money

Bogota Financial Corp. is the holding company for Bogota Savings Bank, a small U.S. community bank that earns its money from the spread between what it pays on deposits and what it collects on residential, commercial, and consumer loans. Most profit flows through net interest income on a mortgage-heavy loan book, with the deposit base acting as the low-cost funding engine.

Every dollar of profit is a byproduct of the gap between the rate paid on deposits and the rate collected on loans; there is no meaningful fee or non-interest stream to cushion a spread-compression cycle.

Business quality (Weak): Weak. A 9% operating margin on declining revenue, paired with a P/E 246% above the sector, suggests the market is pricing a turnaround that the current operating picture has not yet produced.

Valuation: At 45× earnings, BSBK trades 246% above the Banking average (13×).

Bull case

Profitable spread persists: The bank still converts its net interest spread into a 9% operating margin (10-Q), meaning the core lending engine is generating positive earnings even while the revenue base erodes. For a small deposit-funded bank, holding a double-digit operating margin through a challenging rate cycle signals disciplined balance-sheet management.

Bear case

Extreme valuation overhang: The stock trades at a P/E of 44.8x versus a Banking industry average of 13x, a 246% premium (valuation). With revenue declining and the business-quality grade at Weak, that premium demands a sustained earnings recovery that the current trend has not yet shown.
Thin margin cushions a small cap: A 9% operating margin (10-Q) leaves very little room for loan-loss provisions or funding-cost spikes before net income meaningfully declines. For a sub-$1B community bank with a mortgage-heavy book, even a modest increase in delinquencies can compress that margin quickly.

Valuation — source: SEC EDGAR (first-party)
Price	$9.10
Market Cap	$116.13M
P/E Ratio	44.9
EV / EBITDA	25.7
Price / Book	0.82
Price / Sales	2.79
FCF Yield	2.7%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$43.01M
Net Margin	4.9%
Revenue Growth (YoY)	-8.7%
EPS Growth (YoY)	200.0%
FCF Growth (YoY)	50.9%

Valuation vs Sector & Industry
Stock P/E	44.9
Sector P/E (Financials)	14.9
Industry P/E (Banking)	12.7
vs Sector	200.7%
vs Industry	253.3%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	M3F, Inc. ($4.20M)
Institutional Holders Tracked	10

Company
Sector	Financials
Industry	Banking
CEO	Kevin Pace
Employees	62
Country	US
IPO Date	2020-01-16

Related Companies (Banking; 8 comparable banks)

Data as of 2026-09-02.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.