Bogota Financial Corp (BSBK)
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-09
$9.17-1.40%
Close 2026-09-09 · 1-day change
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-09
Broken: Recent financial performance freshly dropped to the bottom half of its industry.
Bogota Financial is improving earnings with EPS rising from $0.02 to $0.06 in recent quarters. Operating income surged from $171.8M to $918.1M, showing strong operational progress. The merger with GSL Savings Bank will expand its market and scale. The company has stable market conditions and no recent stress.
The company trades at a high PE of 54.4, well above peers at 12. This expensive valuation risks a correction if earnings growth stalls. The merger could face integration challenges that delay benefits.
The price is about 31% above our fair value near $7, reflecting roughly 3% revenue growth expected by analysts. We see value in operational improvements but caution on valuation premium.
Breaks if: Diluted EPS falls below $0.04 in any quarter through 2026-Q1
Focus on increasing earnings per share through operational improvements and revenue growth.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment is characterized as a turnaround situation. BSBK is currently navigating through a period of weak financial performance and elevated risk, while also pursuing strategic growth through a merger and improving earnings.
The valuation appears stretched compared to peers, with the market pricing in some expectations for improvement. However, the fundamentals suggest that the company is currently expensive relative to its recent performance.
Fundamentals are likely to remain under pressure given the company's history of earnings misses and recent weak financial results. Management is focused on improving operating income and earnings per share, but the overall financial performance has weakened.
The thesis hinges on the outcomes of the merger with GSL Savings Bank and the performance of sector bellwethers like HDB, IBN, and PNC. Any guidance cuts or misses from these companies could negatively impact BSBK, while positive results could provide a lift.
The most important moves since the prior daily snapshot.
Yes, our read has weakened. Recent financial performance dropped from the top half to the bottom half of its industry. This change indicates a significant decline in the reasons to own the stock. The market reaction has been muted, with only a slight price movement since the performance shift.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: Merger agreement not completed by end of 2026
Complete the merger with GSL Savings Bank to expand assets, customer base, and product offerings, expected to close in second half of 2026.
Stated as a priority in 2 quarters including 2026-Q2 and a June 2026 press release. The merger agreement was executed in 2026-Q2 with expected closing in second half 2026, aiming to increase consolidated assets from $877.2 million to about $1.0 billion. This is a new strategic growth initiative with progress consistent with management's statements.
“We were pleased to announce our entry into an agreement to acquire GSL Bank this quarter.”
Breaks if: Operating income falls below $600 million in any quarter through 2026-Q1
Increase operating income through improved net interest income and expense management, with operating income growth reported year over year.
Stated as a priority in 2 quarters including 2026-Q1 and 2026-Q2. Operating income rose significantly from $702,940 in 2025-Q1 to $918,080 in 2026-Q1 and from $171,813 in 2025-Q2 to $846,191 in 2026-Q2. This reflects delivering on management's focus to enhance operating income through improved net interest income and expense control.
“Operating income was $846,191 for 2026-Q2 compared to $171,813 for 2025-Q2.”
“Operating income was $918,080 for 2026-Q1 compared to $702,940 for 2025-Q1.”
In the next 1 to 3 years, BSBK's performance will depend on its ability to execute on management's priorities and navigate sector dynamics. Not investment advice.