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BSBK

Bogota FinancialNasdaqCM:BSBK Stock Report

Last Price

US$10.04

Market Cap

US$142.2m

7D

0.3%

1Y

12.8%

Updated

21 Jan, 2022

Data

Company Financials +
BSBK fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends0/6

BSBK Stock Overview

Bogota Financial Corp. operates as the bank holding company for Bogota Savings Bank that provides banking products and services in the United States.

Bogota Financial Competitors

JPMorgan Chase

NYSE:JPM

US$434.7b

Bank of America

NYSE:BAC

US$369.6b

Wells Fargo

NYSE:WFC

US$213.7b

Toronto-Dominion Bank

TSX:TD

CA$185.5b

Price History & Performance

Summary of all time highs, changes and price drops for Bogota Financial
Historical stock prices
Current Share PriceUS$10.04
52 Week HighUS$11.10
52 Week LowUS$8.75
Beta1.06
1 Month Change-1.47%
3 Month Change-3.09%
1 Year Change12.81%
3 Year Changen/a
5 Year Changen/a
Change since IPO-13.37%

Recent News & Updates

Shareholder Returns

BSBKUS MortgageUS Market
7D0.3%-5.4%-4.0%
1Y12.8%-11.8%6.6%

Return vs Industry: BSBK exceeded the US Mortgage industry which returned -11.8% over the past year.

Return vs Market: BSBK exceeded the US Market which returned 6.6% over the past year.

Price Volatility

Is BSBK's price volatile compared to industry and market?
BSBK volatility
BSBK Average Weekly Movement1.3%
Mortgage Industry Average Movement3.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: BSBK is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: BSBK's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
189346Joseph Coccarohttps://www.bogotasavingsbank.com

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.

Bogota Financial Fundamentals Summary

How do Bogota Financial's earnings and revenue compare to its market cap?
BSBK fundamental statistics
Market CapUS$142.18m
Earnings (TTM)US$6.53m
Revenue (TTM)US$18.98m

21.8x

P/E Ratio

1.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BSBK income statement (TTM)
RevenueUS$18.98m
Cost of RevenueUS$0
Gross ProfitUS$18.98m
ExpensesUS$12.45m
EarningsUS$6.53m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.46
Gross Margin100.00%
Net Profit Margin34.42%
Debt/Equity Ratio61.9%

How did BSBK perform over the long term?

See historical performance and comparison

Valuation

Is Bogota Financial undervalued compared to its fair value and its price relative to the market?

21.76x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BSBK ($10.04) is trading above our estimate of fair value ($0.28)

Significantly Below Fair Value: BSBK is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BSBK is poor value based on its PE Ratio (21.8x) compared to the US Mortgage industry average (12.6x).

PE vs Market: BSBK is poor value based on its PE Ratio (21.8x) compared to the US market (16.7x).


Price to Earnings Growth Ratio

PEG Ratio: BSBK's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BSBK's PB Ratio (1x) is in line with the US Mortgage industry average.


Future Growth

How is Bogota Financial forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-8.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BSBK's earnings are forecast to decline over the next 3 years (-8.7% per year).

Earnings vs Market: BSBK's earnings are forecast to decline over the next 3 years (-8.7% per year).

High Growth Earnings: BSBK's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if BSBK's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if BSBK's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BSBK's Return on Equity is forecast to be low in 3 years time (3.7%).


Past Performance

How has Bogota Financial performed over the past 5 years?

17.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BSBK has a large one-off gain of $2.2M impacting its September 30 2021 financial results.

Growing Profit Margin: BSBK's current net profit margins (34.4%) are higher than last year (13.3%).


Past Earnings Growth Analysis

Earnings Trend: BSBK's earnings have grown by 17.5% per year over the past 5 years.

Accelerating Growth: BSBK's earnings growth over the past year (261.2%) exceeds its 5-year average (17.5% per year).

Earnings vs Industry: BSBK earnings growth over the past year (261.2%) exceeded the Mortgage industry 32.1%.


Return on Equity

High ROE: BSBK's Return on Equity (4.5%) is considered low.


Financial Health

How is Bogota Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BSBK's Assets to Equity ratio (5.7x) is low.

Allowance for Bad Loans: BSBK has a sufficient allowance for bad loans (286%).

Low Risk Liabilities: 86% of BSBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: BSBK has an appropriate level of Loans to Assets ratio (69%).

Low Risk Deposits: BSBK's Loans to Deposits ratio (98%) is appropriate.

Level of Bad Loans: BSBK has an appropriate level of bad loans (0.1%).


Dividend

What is Bogota Financial current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BSBK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BSBK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BSBK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BSBK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BSBK's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average management tenure


CEO

Joseph Coccaro (63 yo)

14yrs

Tenure

US$782,497

Compensation

Mr. Joseph F. Coccaro serves as Chief Executive Officer and President at Bogota Savings Bank (MHC) (the "Bank"). Mr. Coccaro has been President and Chief Executive Officer of Bogota Financial Corp. since 2...


CEO Compensation Analysis

Compensation vs Market: Joseph's total compensation ($USD782.50K) is above average for companies of similar size in the US market ($USD582.55K).

Compensation vs Earnings: Joseph's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BSBK's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: BSBK's board of directors are seasoned and experienced ( 16 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BSBK insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.6%.


Top Shareholders

Company Information

Bogota Financial Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Bogota Financial Corp.
  • Ticker: BSBK
  • Exchange: NasdaqCM
  • Founded: 1893
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Implied Market Cap: US$142.183m
  • Shares outstanding: 14.16m
  • Website: https://www.bogotasavingsbank.com

Number of Employees


Location

  • Bogota Financial Corp.
  • 819 Teaneck Road
  • Teaneck
  • New Jersey
  • 7666
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 00:16
End of Day Share Price2022/01/20 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.