Bogota Financial (BSBK)


Market Price (11/6/2026): $9.35 | Market Cap: $119.3 MilSector: Financials | Industry: Regional Banks

Bogota Financial (BSBK)


Market Price (11/6/2026): $9.35
Market Cap: $119.3 Mil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 25%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 23%

Low stock price volatility
Vol 12M is 18%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending.

Trading close to highs
Dist 52W High is -0.3%, Dist 3Y High is -0.9%

Weak multi-year price returns
2Y Excs Rtn is -18%, 3Y Excs Rtn is -56%

Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 27x, P/EPrice/Earnings or Price/(Net Income) is 45x

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.5%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.5%

Key risks
BSBK key risks include [1] significant net interest margin compression that contributed to a recent net loss, Show more.

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 25%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 23%
2 Low stock price volatility
Vol 12M is 18%
3 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending.
4 Trading close to highs
Dist 52W High is -0.3%, Dist 3Y High is -0.9%
5 Weak multi-year price returns
2Y Excs Rtn is -18%, 3Y Excs Rtn is -56%
6 Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 27x, P/EPrice/Earnings or Price/(Net Income) is 45x
7 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.5%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.5%
9 Key risks
BSBK key risks include [1] significant net interest margin compression that contributed to a recent net loss, Show more.

BSBK in ETFs

Weight = BSBK's share of each fund

VTI0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 11/1/2026

Bogota Financial (BSBK) stock has gained about 5% since 7/31/2026 because of the following key factors:

1. Significant Net Interest Income Growth and Margin Expansion in Fiscal Q3 2026.

Bogota Financial reported a substantial increase in net interest income, which rose by 14.9% to approximately $4.5 million for the three months ended September 30, 2026 (fiscal Q3 2026). This was coupled with a 39 basis point expansion in the net interest margin, reaching 2.19% from 1.80% in the prior-year period. This improvement in core profitability, driven by favorable interest rate dynamics and effective funding cost management, was a key positive factor for the stock.

2. Stable Credit Quality Leading to No Provision for Credit Losses.

The company demonstrated strong asset quality by reporting no provision for credit losses in fiscal Q3 2026. This indicates a stable loan portfolio and adequately collateralized non-performing loans, signaling reduced credit risk for investors and contributing to overall financial health.

Show more
Updated on 11/1/2026

Bogota Financial (BSBK) stock has gained about 5% since 7/31/2026 because of the following key factors:

1. Significant Net Interest Income Growth and Margin Expansion in Fiscal Q3 2026.

Bogota Financial reported a substantial increase in net interest income, which rose by 14.9% to approximately $4.5 million for the three months ended September 30, 2026 (fiscal Q3 2026). This was coupled with a 39 basis point expansion in the net interest margin, reaching 2.19% from 1.80% in the prior-year period. This improvement in core profitability, driven by favorable interest rate dynamics and effective funding cost management, was a key positive factor for the stock.

2. Stable Credit Quality Leading to No Provision for Credit Losses.

The company demonstrated strong asset quality by reporting no provision for credit losses in fiscal Q3 2026. This indicates a stable loan portfolio and adequately collateralized non-performing loans, signaling reduced credit risk for investors and contributing to overall financial health.

3. Strategic Progress on Pending Acquisition of GSL Financial.

Bogota Financial continued to advance its strategic acquisition of GSL Financial, with the merger agreement announced in June 2026. Although the acquisition incurred $311,000 in merger-related expenses during fiscal Q3 2026, the market likely viewed this strategic expansion and consolidation favorably, anticipating future growth opportunities despite short-term costs.

4. Completion of Share Repurchase Program.

The company completed its authorized share repurchase program, buying back 237,590 shares for $2.1 million. This action reduces the number of outstanding shares, which typically enhances shareholder value by increasing earnings per share and demonstrating management's confidence in the company's valuation.

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Stock Movement Drivers

Fundamental Drivers

The 3.9% change in BSBK stock from 7/31/2026 to 11/5/2026 was primarily driven by a 22.0% change in the company's Net Income Margin (%).
(LTM values as of)731202611052026Change
Stock Price ($)9.059.403.9%
Change Contribution By: 
Total Revenues ($ Mil)18182.7%
Net Income Margin (%)11.8%14.4%22.0%
P/E Multiple55.245.4-17.9%
Shares Outstanding (Mil)13120.9%
Cumulative Contribution3.9%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/5/2026
ReturnCorrelation
BSBK3.9% 
Market (SPY)-1.9%-5.0%
Sector (XLF)1.0%0.2%

Fundamental Drivers

The 13.8% change in BSBK stock from 4/30/2026 to 11/5/2026 was primarily driven by a 18.7% change in the company's Net Income Margin (%).
(LTM values as of)430202611052026Change
Stock Price ($)8.269.4013.8%
Change Contribution By: 
Total Revenues ($ Mil)17184.3%
Net Income Margin (%)12.1%14.4%18.7%
P/E Multiple49.845.4-8.9%
Shares Outstanding (Mil)13120.9%
Cumulative Contribution13.8%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/5/2026
ReturnCorrelation
BSBK13.8% 
Market (SPY)2.3%6.8%
Sector (XLF)10.7%6.9%

Fundamental Drivers

The 8.4% change in BSBK stock from 10/31/2025 to 11/5/2026 was primarily driven by a 24.8% change in the company's Total Revenues ($ Mil).
(LTM values as of)1031202511052026Change
Stock Price ($)8.679.408.4%
Change Contribution By: 
Total Revenues ($ Mil)141824.8%
P/S Multiple7.66.5-14.1%
Shares Outstanding (Mil)13121.2%
Cumulative Contribution8.4%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/5/2026
ReturnCorrelation
BSBK8.4% 
Market (SPY)8.4%16.4%
Sector (XLF)11.1%15.7%

Fundamental Drivers

The 27.4% change in BSBK stock from 10/31/2023 to 11/5/2026 was primarily driven by a 167.1% change in the company's P/E Multiple.
(LTM values as of)1031202311052026Change
Stock Price ($)7.389.4027.4%
Change Contribution By: 
Total Revenues ($ Mil)2218-18.9%
Net Income Margin (%)25.6%14.4%-43.9%
P/E Multiple17.045.4167.1%
Shares Outstanding (Mil)13124.7%
Cumulative Contribution27.4%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/5/2026
ReturnCorrelation
BSBK27.4% 
Market (SPY)81.3%8.4%
Sector (XLF)85.5%12.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
BSBK Return14%10%-28%-7%13%11%5%
Peers Return21%-38%-12%-30%-16%-12%-66%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
BSBK Win Rate50%58%42%50%58%73% 
Peers Win Rate60%50%50%33%56%59% 
S&P 500 Win Rate75%42%67%75%67%45% 

Max Drawdowns [4]
BSBK Max Drawdown-9%-3%-43%-21%-15%-6% 
Peers Max Drawdown-24%-46%-55%-43%-43%-46% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: NEWT, ATLO, GBC, NARA, SHFS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/5/2026 (YTD)

How Low Can It Go

EventBSBKS&P 500
2025 US Tariff Shock
  % Loss-15.4%-18.8%
  % Gain to Breakeven18.2%23.1%
  Time to Breakeven74 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-18.9%-9.5%
  % Gain to Breakeven23.3%10.5%
  Time to Breakeven7 days24 days
2020 COVID-19 Crash
  % Loss-40.8%-33.7%
  % Gain to Breakeven69.0%50.9%
  Time to Breakeven543 days140 days

Compare to NEWT, ATLO, GBC, NARA, SHFS

In The Past

Bogota Financial's stock fell -15.4% during the 2025 US Tariff Shock. Such a loss loss requires a 18.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventBSBKS&P 500
2020 COVID-19 Crash
  % Loss-40.8%-33.7%
  % Gain to Breakeven69.0%50.9%
  Time to Breakeven543 days140 days

Compare to NEWT, ATLO, GBC, NARA, SHFS

In The Past

Bogota Financial's stock fell -15.4% during the 2025 US Tariff Shock. Such a loss loss requires a 18.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Bogota Financial (BSBK)

Bogota Financial Corp. (BSBK) operates as the bank holding company for Bogota Savings Bank, a financial institution providing a comprehensive suite of banking products and services. Established in 1893 and headquartered in Teaneck, New Jersey, the company serves both individual and business clients primarily within its local markets.

The company's main products include a variety of deposit accounts, such as demand accounts, savings accounts, money market accounts, and certificates of deposit. On the lending side, Bogota Financial specializes in real estate loans, offering one-to four-family residential, commercial, and multi-family financing. It also provides consumer loans like home equity loans and lines of credit, commercial and industrial loans, and construction loans. Furthermore, the bank actively buys, sells, and holds investment securities.

Bogota Financial primarily serves customers in the United States, with a strong focus on communities within New Jersey. It operates through various offices located in towns such as Bogota, Hasbrouck Heights, Newark, Oak Ridge, Parsippany, and Teaneck, as well as a loan production office in Spring Lake, solidifying its presence as a community-oriented financial service provider in the region.

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Here are 1-3 brief analogies for Bogota Financial (BSBK):

  • Think of it as Bank of America for New Jersey neighborhoods.
  • It's like a local Chase Bank, serving northern New Jersey communities.

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  • Deposit Accounts: Bogota Financial offers various accounts for customers to save and manage their money, including demand, savings, money market, and certificate of deposit accounts.
  • Real Estate Loans: The company provides financing for one-to four-family residential properties, as well as commercial real estate and multi-family properties.
  • Consumer Loans: It offers personal financing products such as home equity loans and lines of credit.
  • Commercial and Industrial Loans: Bogota Financial extends credit to businesses for operational and growth purposes.
  • Construction Loans: The company provides financing for the development and building of new properties.
  • Investment Securities: Bogota Financial actively buys, sells, and holds investment securities as part of its financial operations.

AI Analysis | Feedback

Bogota Financial Corp. (BSBK) operates as a bank holding company, primarily providing banking products and services. As such, it does not have a few "major customers" in the traditional sense, but rather serves a broad base of individuals and businesses. Its customer base can be categorized as follows:

  • Individual Consumers: These customers utilize personal banking services, including various deposit accounts (demand, savings, money market, and certificate of deposit accounts), as well as consumer loans such as one-to four-family residential real estate loans, home equity loans, and lines of credit.
  • Commercial Businesses: This category includes businesses of various sizes that use deposit accounts and seek commercial loans. These loans encompass commercial real estate and multi-family loans, commercial and industrial loans, and construction loans.
  • Real Estate Developers and Investors: A specialized segment within commercial customers, focusing on entities that require financing for property development and investment, specifically through commercial real estate, multi-family, and construction loans.

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Here is the management team for Bogota Financial (BSBK):

Kevin Pace, President and Chief Executive Officer

Kevin Pace was appointed President and Chief Executive Officer of Bogota Financial, MHC, Bogota Financial Corp., and Bogota Savings Bank, effective November 30, 2023. He also serves as a member of the Board of Directors of the MHC and the Company. Prior to this role, Mr. Pace served as Executive Vice President and Chief Risk Officer since 2020. He joined Bogota in 2013, holding various banking positions, and was Executive Vice President of Compliance and BSA since 2018.

Brian McCourt, Executive Vice President and Chief Financial Officer

Brian McCourt serves as the Executive Vice President and Chief Financial Officer of Bogota Financial Corp. He can be contacted for financial information.

Robert Walsh, Executive Vice President and Chief Lending Officer

Robert Walsh holds the position of Executive Vice President and Chief Lending Officer at Bogota Financial Corp.

AI Analysis | Feedback

The key risks to Bogota Financial (BSBK) are:
  1. Credit Quality Deterioration and Non-Performing Loans: Bogota Financial faces a significant risk from rising non-performing loans (NPLs) and insufficient allowance coverage. Non-performing loans increased to $20.5 million in Q3 FY 2025 from $13.9 million in Q1 FY 2025 and $13.0 million in Q2 FY 2024. Skeptical investors view the 3% bad loan ratio coupled with only 12% allowance coverage as a key risk that could pressure future profitability. Additionally, non-performing assets rose to $14.0 million, representing 1.44% of total assets at December 31, 2024, with allowance for credit losses at 18.77% of non-performing loans, a decrease from 21.81% at December 31, 2023.
  2. Long-Term Profitability Challenges: The company has experienced a substantial decline in earnings over the long term, with a 47.8% annual earnings decline over five years. While there has been a recent return to profitability, with trailing twelve-month basic EPS moving from a loss of $0.19 in Q3 FY 2024 to a small profit of $0.04 in Q3 FY 2025, this improvement is considered modest compared to past profitability levels. The company also reported a net loss of $2.2 million for the year ended December 31, 2024.
  3. Interest Rate Risk and Net Interest Margin Pressure: Bogota Financial is exposed to risks associated with changes in the interest rate environment, which can significantly impact its net interest margin. The average cost of borrowings and interest-bearing deposits has increased due to higher interest rates, impacting profitability. The company undertook a balance sheet restructuring in Q4 2024, including selling securities at a pre-tax loss of $8.9 million, with the aim of reinvesting in higher-yielding securities and loans to improve its net interest margin and return on assets. This strategic move highlights the ongoing pressure on its net interest margin.

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The rise of digital-only banks and financial technology (fintech) companies offering a full suite of banking products and services through online and mobile platforms. These competitors typically operate with lower overhead costs, enabling them to offer more competitive interest rates on deposits and loans, coupled with superior digital user experiences and convenience. This directly threatens traditional branch-based community banks like Bogota Financial by attracting customers who prioritize digital access and potentially lower fees over physical branch interactions.

AI Analysis | Feedback

Bogota Financial (BSBK) operates primarily in New Jersey, offering a range of banking products and services, including various deposit accounts and loans. The addressable markets for their main products and services in the U.S. and New Jersey are substantial:

Deposit Accounts

  • The total deposits in U.S. banks were approximately $19.75 trillion as of December 2025.
  • As of February 25, 2026, total deposits across all commercial banks in the U.S. amounted to $18,797 billion.
  • Within New Jersey, community bank branches held total deposits of $112.54 billion as of December 13, 2024.
  • U.S. commercial bank deposits are projected to increase by up to 4% annually in the coming years, following a 2% rise between the third quarter of 2023 and the first quarter of 2024.

Real Estate Loans (Residential, Commercial, Multi-family, Home Equity, Construction)

  • The broader U.S. Real Estate Loan Market, which encompasses residential, commercial, and industrial property developments, was valued at $3.5 trillion in 2024 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.6%.
  • The U.S. home loan market alone is estimated at $2.42 trillion in 2026, with projections to reach $3.17 trillion by 2031.
  • U.S. mortgage balances reported on consumer credit totaled $13.17 trillion at the end of December 2025.
  • Home equity lines of credit (HELOC) balances outstanding in the U.S. reached $433 billion in the fourth quarter of 2025.
  • The total commercial real estate (CRE) mortgage borrowing and lending in the U.S. was an estimated $498 billion in 2024, with multifamily properties accounting for approximately $326 billion of that total.
  • The U.S. CRE mortgage market includes around $4.5 trillion backed by income-producing properties and $470 billion in construction loans as of March 2023.
  • In New Jersey, the Real Estate Loans & Collateralized Debt industry is projected to have a market size of $9.1 billion in 2026.
  • The New Jersey commercial real estate market saw approximately $32 billion in annual transaction volume as of February 2026.
  • The total stock of home building construction loans in the U.S. was $92 billion in the second quarter of 2024.
  • North America's construction loans market size was $108.7 billion in 2024, within a global market that reached $405.7 billion in 2024.

Consumer Loans

  • The U.S. consumer lending market is a significant sector with a market size of $27 trillion.
  • The global consumer credit market was valued at $12.0 billion in 2024, with North America holding over 35% of this market share.
  • Consumer finance loans and retail card balances in the U.S. totaled $564 billion in the fourth quarter of 2025.

Commercial and Industrial (C&I) Loans

  • Commercial and Industrial Loans held by all commercial banks in the U.S. amounted to $2,789.6057 billion in February 2026.
  • The commercial lending market in North America is forecast to reach a valuation of $2,892.50 billion by 2025.
  • The Commercial Banking industry in New Jersey, which includes C&I loans, is expected to have a market size of $50.6 billion in 2026.

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Here are the expected drivers of future revenue growth for Bogota Financial (BSBK) over the next 2-3 years:
  • Expansion through New Branch Opening: Bogota Financial plans to expand its physical footprint by opening a new branch in Central or Southern New Jersey in early summer 2026. This initiative is a direct part of the company's growth strategy, aiming to reach new customers and markets.
  • Optimization of Net Interest Margin (NIM) through Strategic Balance Sheet Restructuring: The company undertook a significant balance sheet restructuring in the fourth quarter of 2024. This involved a sale-leaseback transaction of three branch offices and the sale of lower-yielding securities. The proceeds from these sales are being reinvested into higher-yielding securities, and will be used to fund new loans at current, more attractive market rates (ranging from 6.50% to 7.75%). This strategic move is specifically intended to improve future earnings and enhance the net interest margin.
  • Strategic Focus on Commercial Real Estate and Multi-Family Loans: Despite a general decrease in demand for residential and construction loans, Bogota Financial has seen increases in its commercial real estate and multi-family loan portfolios. The company's continued emphasis and investment in these higher-yielding loan categories are expected to drive interest income and overall revenue growth.
  • Investment in Customer Relationships and Enhanced Capabilities: Bogota Financial's CEO has emphasized a focus on "investing in customers, and expanding capabilities to deliver long-term value for shareholders and communities." This strategy suggests ongoing initiatives to strengthen client relationships and improve service offerings, which are foundational for sustained customer acquisition and retention, thereby supporting consistent revenue generation.

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Share Repurchases

  • Bogota Financial Corp. adopted a program in June 2021 to repurchase 296,044 shares of its common stock, representing approximately 5% of its outstanding common stock (excluding shares held by Bogota Financial, MHC).
  • As of December 31, 2022, 360,372 shares were repurchased under the company's Board-approved program.
  • In August 2025, Bogota Financial Corp. received regulatory approval for its sixth stock repurchase program, authorizing the company to buy back up to 237,590 shares, or approximately 5% of its outstanding common stock. The company repurchased 76,673 shares at a cost of $656,000 under this program as of December 31, 2025.

Share Issuance

  • In February 2021, the company completed its acquisition of Gibraltar Bank, issuing 1,267,916 shares of its common stock to Bogota Financial, MHC as part of the transaction.
  • In January 2020, as part of its mutual holding company reorganization and related stock offering, Bogota Financial Corp. sold 5,657,735 shares of common stock at $10.00 per share, generating gross proceeds of $56.6 million.

Outbound Investments

  • On February 28, 2021, Bogota Financial Corp. completed the acquisition of Gibraltar Bank, which included three branch offices in Morris and Essex Counties in New Jersey.

Capital Expenditures

  • Bogota Financial Corp. engaged in a balance sheet restructuring in the fourth quarter of 2024, which included a sale-leaseback transaction where the Bank sold three of its branch offices, resulting in a $9.0 million pre-tax gain.
  • The company's 2026 growth plan includes the opening of a new branch location in Central or Southern New Jersey, anticipated in early summer 2026.
  • Bogota Financial Corp. reported $277K in free cash flow in Q3 2025, representing cash available after capital expenditures.

Peer Outperformance in Regional Banks

BSBK has trailed 91% of its 262 Regional Banks peers over 5Y. Among the peers that beat it are IBOC, CATY and MTB. Regional Banks ranks 8th of 18 industries in Financials by median 5Y return.
Share of Regional Banks constituents that BSBK has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
12%
of 281 industry peers · 8.9% return
3Y
7%
of 273 industry peers · 26.2% return
5Y
9%
of 262 industry peers · -7.6% return
Regional Banks peers with revenue growth within 4pp of BSBK's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
BSBK Bogota Financial -1.5% 45.4x 8.9%26.2%-7.6% —
IBOC International Bancshares 2.2% 10.3x 1.5%57.4%69.1% +77pp
CATY Cathay General Bancorp 2.0% 12.4x 41.7%91.0%67.5% +75pp
MTB M&T Bank 0.8% 10.5x 23.3%98.8%65.8% +73pp
CFG Citizens Financial 2.1% 11.9x 27.7%175.9%64.0% +72pp
HWC Hancock Whitney 0.3% 13.5x 25.2%103.2%58.1% +66pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is BSBK's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Reinsurance 6 33.1%75.7%125.1% SPNT 168% · RGA 162% · RNR 141%
Investment Banking & Brokerage 13 -3.9%89.1%93.1% IBKR 305% · SNEX 152% · GS 141%
Diversified Banks 12 30.0%140.4%90.3% CM 144% · RY 129% · JPM 127%
Life & Health Insurance 20 14.3%52.3%75.4% JXN 514% · UNM 224% · FG 188%
Property & Casualty Insurance 42 18.9%76.8%66.8% TRV 178% · PGR 172% · ACGL 168%
Multi-Sector Holdings 3 10.1%53.8%59.4% BRK-B 99% · VOYA 59% · JEF 37%
Multi-line Insurance 9 9.5%71.4%59.4% AIZ 105% · GNW 104% · L 98%
Regional Banks ← 263 30.0%87.5%46.7% CBC 268% · FCNCA 176% · NIC 136%
Insurance Brokers 15 5.5%13.4%33.4% LIFE 287% · ARX 89% · WTW 56%
Financial Exchanges & Data 15 20.6%37.2%27.9% CBOE 183% · VIRT 131% · CME 71%
Asset Management & Custody Banks 83 -5.9%22.8%12.3% VCTR 210% · AAMI 207% · WT 205%
Consumer Finance 30 2.9%81.0%8.1% ENVA 330% · FCFS 130% · ECPG 111%
Commercial & Residential Mortgage Finance 14 -46.5%36.8%2.5% FNMA 327% · FMCC 293% · ACT 158%
Diversified Financial Services 4 -1.6%20.1%-1.1% FRHC 153% · EQH 71%
Specialized Finance 3 15.8%31.5%-19.7% HASI -20% · CACC -24%
Transaction & Payment Processing Services 17 19.3%9.1%-29.4% V 103% · MA 94% · CPAY 83%
Mortgage REITs 35 -18.0%-6.1%-37.2% RITM 36% · DX 17% · AGNC 10%
Diversified Capital Markets 20 -47.1%-8.5%-70.1% LPLA 83% · TW 38% · RIOT -53%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1How Low Can Bogota Financial Stock Really Go?10/17/2025
Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

BSBKNEWTATLOGBCNARASHFSMedian
NameBogota F.NewtekOneAmes Nat.Georgia .Narragan.SHF  
Mkt Price9.3510.6034.0033.7710.860.0410.73
Mkt Cap0.10.30.3---0.3
Rev LTM1827773-130-101
Op Inc LTM-------
FCF LTM4-74021-7-6
FCF 3Y Avg1-37317---1
CFO LTM4-73922-11-8
CFO 3Y Avg1-37319---1

Growth & Margins

BSBKNEWTATLOGBCNARASHFSMedian
NameBogota F.NewtekOneAmes Nat.Georgia .Narragan.SHF  
Rev Chg LTM24.8%7.8%21.3%---21.3%
Rev Chg 3Y Avg-1.5%26.8%8.1%---8.1%
Rev Chg Q11.8%7.0%18.5%---11.8%
QoQ Delta Rev Chg LTM2.7%1.7%4.3%---2.7%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM24.2%-267.4%30.3%-8.5%-16.4%
CFO/Rev 3Y Avg5.8%-138.6%30.2%---5.8%
FCF/Rev LTM22.7%-267.5%28.9%-5.5%-14.1%
FCF/Rev 3Y Avg3.2%-138.7%27.9%---3.2%

Valuation

BSBKNEWTATLOGBCNARASHFSMedian
NameBogota F.NewtekOneAmes Nat.Georgia .Narragan.SHF  
Mkt Cap0.10.30.3---0.3
P/S6.51.14.2---4.2
P/Op Inc-------
P/EBIT-------
P/E45.14.613.1---13.1
P/CFO26.8-0.413.7---13.7
Total Yield2.2%31.6%10.2%---10.2%
Dividend Yield0.0%10.0%2.6%---2.6%
FCF Yield 3Y Avg0.7%-103.1%8.5%---0.7%
D/E1.31.80.1---1.3
Net D/E0.20.6-1.6---0.2

Returns

BSBKNEWTATLOGBCNARASHFSMedian
NameBogota F.NewtekOneAmes Nat.Georgia .Narragan.SHF  
1M Rtn3.2%-5.3%5.4%-11.8%0.6%-94.6%-2.4%
3M Rtn4.7%-27.9%9.0%-11.8%0.6%-98.2%-5.6%
6M Rtn9.4%-20.1%20.8%-11.8%0.6%-99.3%-5.6%
12M Rtn8.3%7.5%64.7%-11.8%0.6%-99.9%4.0%
3Y Rtn25.5%-15.6%114.9%-11.8%0.6%-100.0%-5.6%
1M Excs Rtn3.4%-1.7%8.1%-10.3%2.0%-91.9%0.2%
3M Excs Rtn5.4%-19.4%10.5%-10.9%1.4%-96.9%-4.7%
6M Excs Rtn4.6%-24.8%16.0%-16.6%-4.2%-106.1%-10.4%
12M Excs Rtn-5.1%-5.9%55.1%-25.3%-13.0%-119.1%-9.4%
3Y Excs Rtn-56.2%-90.5%42.6%-95.2%-82.7%-218.1%-86.6%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Community banking1712162422
Total1712162422


Price Behavior

Price Behavior
Market Price$9.40 
Market Cap ($ Bil)0.1 
First Trading Date01/16/2020 
Distance from 52W High-0.3% 
   50 Days200 Days
DMA Price$9.14$8.81
DMA Trendindeterminateup
Distance from DMA2.9%6.8%
 3M1YR
Volatility15.1%17.6%
Downside Capture-2.4425.43
Upside Capture22.8830.65
Correlation (S&P 500)4.2%18.7%
BSBK Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta0.270.200.010.140.260.16
Up Beta-0.52-0.27-0.30-0.110.020.00
Down Beta0.510.450.330.350.400.32
Up Capture31%18%3%19%22%5%
Bmk +ve Days12182862130427
Stock +ve Days11172650101334
Down Capture15%20%-2%6%36%29%
Bmk -ve Days10253664121325
Stock -ve Days9223262123352

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BSBK
BSBK11.6%17.8%0.47-
Sector ETF (XLF)11.1%15.2%0.4716.4%
Equity (SPY)9.5%13.6%0.4117.1%
Gold (GLD)3.6%28.7%0.115.8%
Commodities (DBC)37.7%21.2%1.40-22.5%
Real Estate (VNQ)12.0%14.2%0.5510.6%
Bitcoin (BTCUSD)-20.8%43.3%-0.421.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BSBK
BSBK-0.5%24.4%-0.06-
Sector ETF (XLF)9.1%18.4%0.3611.1%
Equity (SPY)11.3%17.3%0.487.6%
Gold (GLD)17.5%19.1%0.744.0%
Commodities (DBC)8.0%19.6%0.29-2.1%
Real Estate (VNQ)1.2%18.9%-0.057.9%
Bitcoin (BTCUSD)5.9%51.5%0.290.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BSBK
BSBK-1.0%29.0%-0.02-
Sector ETF (XLF)13.3%22.1%0.5432.3%
Equity (SPY)14.9%18.0%0.7025.8%
Gold (GLD)12.0%16.5%0.594.0%
Commodities (DBC)7.6%18.1%0.3311.0%
Real Estate (VNQ)5.7%20.7%0.2328.0%
Bitcoin (BTCUSD)61.3%66.2%1.0111.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 93020261.7%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest5.6 days
Basic Shares Quantity12.5 Mil
Short % of Basic Shares0.1%

Earnings Returns History

Updated 11/4/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/30/20261.6%  
7/30/20260.1%-1.2%2.3%
5/6/20261.9%1.1%6.4%
2/13/20260.0%1.3%-1.7%
11/3/2025-0.5%-3.5%-3.7%
7/31/20252.0%3.1%13.7%
5/1/20252.5%-0.3%3.0%
2/18/20253.7%2.1%0.5%
...
SUMMARY STATS   
# Positive131013
# Negative111310
Median Positive1.3%1.2%3.0%
Median Negative-0.5%-1.2%-3.1%
Max Positive4.4%4.5%17.2%
Max Negative-3.4%-6.1%-10.2%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/30/20261.6%  
7/30/20260.1%-1.2%2.3%
5/6/20261.9%1.1%6.4%
2/13/20260.0%1.3%-1.7%
11/3/2025-0.5%-3.5%-3.7%
7/31/20252.0%3.1%13.7%
5/1/20252.5%-0.3%3.0%
2/18/20253.7%2.1%0.5%
11/4/2024-3.4%-3.2%-2.6%
8/1/2024-0.4%-0.4%1.8%
5/1/2024-0.5%-2.8%-1.3%
2/7/2024-0.5%-5.3%-10.2%
11/2/2023-2.0%-2.8%-3.6%
7/28/20231.3%2.8%-6.4%
4/28/2023-0.8%-6.1%-8.6%
1/31/2023-0.2%-0.4%0.0%
10/28/2022-0.1%0.2%2.3%
7/28/20220.0%-0.4%-0.9%
5/2/20220.1%0.0%3.7%
2/3/20221.0%1.1%3.5%
11/4/2021-0.2%-0.4%-0.3%
8/4/20214.4%4.5%3.4%
5/4/20210.0%0.1%0.5%
2/8/2021-0.1%-0.1%17.2%
SUMMARY STATS   
# Positive131013
# Negative111310
Median Positive1.3%1.2%3.0%
Median Negative-0.5%-1.2%-3.1%
Max Positive4.4%4.5%17.2%
Max Negative-3.4%-6.1%-10.2%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/13/202610-Q
03/31/202605/13/202610-Q
12/31/202503/27/202610-K
09/30/202511/12/202510-Q
06/30/202508/13/202510-Q
03/31/202505/13/202510-Q
12/31/202403/28/202510-K
09/30/202411/14/202410-Q
06/30/202408/14/202410-Q
03/31/202405/15/202410-Q
12/31/202303/28/202410-K
09/30/202311/13/202310-Q
06/30/202308/11/202310-Q
03/31/202305/12/202310-Q
12/31/202203/24/202310-K
09/30/202211/08/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/13/202610-Q
03/31/202605/13/202610-Q
12/31/202503/27/202610-K
09/30/202511/12/202510-Q
06/30/202508/13/202510-Q
03/31/202505/13/202510-Q
12/31/202403/28/202510-K
09/30/202411/14/202410-Q
06/30/202408/14/202410-Q
03/31/202405/15/202410-Q
12/31/202303/28/202410-K
09/30/202311/13/202310-Q
06/30/202308/11/202310-Q
03/31/202305/12/202310-Q
12/31/202203/24/202310-K
09/30/202211/08/202210-Q
06/30/202208/11/202210-Q
03/31/202205/13/202210-Q
12/31/202103/29/202210-K
09/30/202111/12/202110-Q
06/30/202108/11/202110-Q
03/31/202105/14/202110-Q
12/31/202003/26/202110-K
09/30/202011/06/202010-Q
06/30/202008/12/202010-Q
03/31/202005/26/202010-Q
12/31/201903/30/202010-K
09/30/201912/23/201910-Q

Insider Activity

Updated 4/26/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Masterson, John J DirectBuy121620258.212,20018,0621,516,346Form
2Masterson, John J DirectBuy120920258.226004,9321,500,109Form
3Masterson, John J DirectBuy120920258.401,0008,4001,527,918Form
4Masterson, John J DirectBuy62320257.551,2009,0601,365,757Form
5Masterson, John J DirectBuy52720257.051,4009,8701,266,850Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Masterson, John J DirectBuy121620258.212,20018,0621,516,346Form
2Masterson, John J DirectBuy120920258.226004,9321,500,109Form
3Masterson, John J DirectBuy120920258.401,0008,4001,527,918Form
4Masterson, John J DirectBuy62320257.551,2009,0601,365,757Form
5Masterson, John J DirectBuy52720257.051,4009,8701,266,850Form
Core Cache Last Updated: 11/5/2026