BSPA Stock Overview

Operates as a holding company for Ballston Spa National Bank that provides a range of banking, financing, fiduciary, brokerage, and other financial services to corporate, municipal, and individual customers in the United States. More details

BSPA fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	2/6
Financial Health	6/6
Dividends	4/6

Rewards

Trading at 56.8% below our estimate of its fair value

Pays a reliable dividend of 2.27%

Risk Analysis

Shares are highly illiquid

Does not have a meaningful market cap ($43M)

My Notes

Capture your thoughts, links and company narrative

Ballston Spa Bancorp, Inc. Competitors

Lumbee Guaranty Bank

OTCPK:LUMB

US$43.1m

Highlands Bankshares

OTCPK:HBSI

US$43.8m

Mid-Southern Bancorp

OTCPK:MSVB

US$42.5m

Oconee Financial

OTCPK:OSBK

US$41.7m

Price History & Performance

Summary of share price highs, lows and changes for Ballston Spa Bancorp
Historical stock prices
Current Share Price	US$58.16
52 Week High	US$59.93
52 Week Low	US$50.98
Beta	-0.28
1 Month Change	-2.95%
3 Month Change	n/a
1 Year Change	15.28%
3 Year Change	n/a
5 Year Change	2.04%
Change since IPO	121.56%

Recent updates

Shareholder Returns

	BSPA	US Banks	US Market
7D	0%	3.4%	0.6%
1Y	15.3%	40.3%	24.5%

Return vs Industry: BSPA underperformed the US Banks industry which returned 40.3% over the past year.

Return vs Market: BSPA underperformed the US Market which returned 24.5% over the past year.

Price Volatility

Is BSPA's price volatile compared to industry and market?
BSPA volatility
BSPA Average Weekly Movement	n/a
Banks Industry Average Movement	5.2%
Market Average Movement	6.5%
10% most volatile stocks in US Market	18.8%
10% least volatile stocks in US Market	3.2%

Stable Share Price: BSPA's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: Insufficient data to determine BSPA's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1838	n/a	Chris Dowd	www.bsnb.com

Ballston Spa Bancorp, Inc. operates as a holding company for Ballston Spa National Bank that provides a range of banking, financing, fiduciary, brokerage, and other financial services to corporate, municipal, and individual customers in the United States. It offers checking, money market, savings, health savings, and individual retirement accounts, as well as certificates of deposit; loan products, such as mortgage and home construction, improvement, and equity loans, auto, boat, RV, personal, commercial, and small business loans, as well as lines of credit and government programs; and debits and credit cards. The company also provides personal investment services, which include annuities, college savings plans, mutual funds, and life and long term care insurance products; retirement plans; college planning services; investment and asset management; trusteeship; estate settlement; special needs and disability trusts; and wealth management services.

Ballston Spa Bancorp, Inc. Fundamentals Summary

How do Ballston Spa Bancorp's earnings and revenue compare to its market cap?
BSPA fundamental statistics
Market cap	US$43.19m
Earnings (TTM)	US$4.63m
Revenue (TTM)	US$25.71m

9.3x

P/E Ratio

0.7x

P/B Ratio

Is BSPA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BSPA income statement (TTM)
Revenue	US$25.71m
Cost of Revenue	US$0
Gross Profit	US$25.71m
Other Expenses	US$21.08m
Earnings	US$4.63m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	6.24
Gross Margin	100.00%
Net Profit Margin	18.02%
Debt/Equity Ratio	59.5%

How did BSPA perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

21%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/17 22:36
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Ballston Spa Bancorp, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution

Ballston Spa Bancorp OTCPK:BSPA Stock Report