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I love finding tiny companies that no one knows about, but are great investments. This is especially true with small banks. There are roughly a bazilion little banks that are publicly traded, and yet many aren't followed by a single Wall Street analyst.

Here's a good name to consider, Smithtown Bancorp (SMTB). The funny thing is that this bank is based in Wall Street's backyard yet only two analysts follow it. The company has a market cap of roughly $200 million, which is barely a peep compared with the big boys (Citigroup's market cap is more than 500 times larger).

Like a lot of banks, Smithtown is going through a rough patch, but the company still earned $1.47 a share last year. That was its 13th straight record year. Not a lot of companies can boast of that.

The shares are down about 15% in the past year.

Posted by edelfenbein at June 16, 2008 1:34 PM